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Abstract Yesterday, Henan-based investor Zhang Junan signed a diamond industrialization project with the Ningbo Institute of Materials Science under the Chinese Academy of Sciences. China is the world's largest producer of synthetic diamond raw materials—commonly known as diamond powder—and also holds the top position in the production of diamond products. However, as Zhang Junan pointed out, "most of the profits are still captured by foreign companies." He explained that China exports diamond powder by the kilogram, while importing processed diamond materials by the gram, resulting in a significant gap in value addition.
Jiangnan, the lead researcher on the project, emphasized that the Ningbo Institute has developed core technology for diamond functionalization. This breakthrough allows for more efficient processing at lower costs. The technology can alter the surface structure of diamonds, enabling them to bond more effectively with metals. As a result, the treated diamonds can be used in high-performance mechanical applications such as cutting and drilling, and they also exhibit superior thermal conductivity.
Zhang Junan, who is based in Henan but closely follows the development of the artificial diamond industry, decided to invest 8 million yuan to collaborate with the Ningbo Institute on scaling up this technology. The institute views this partnership as a successful example of how scientific research can be commercialized through strategic investment. With this collaboration, China is taking a crucial step toward capturing more value from its diamond resources and reducing reliance on foreign markets for high-value-added products. This initiative could mark a turning point in the domestic diamond industry, empowering local innovation and economic growth.