Diamond & Gem Cutting / Polishing
PROJECT DESCRIPTION
Diamond is a solid form of carbon with a diamond cubic crystal structure. At room temperature and pressure it is metastable and graphite is the stable form, but diamond almost never converts to graphite. Diamond is renowned for its superlative physical qualities, most of which originate from the strong covalent bonding between its atoms. In particular, it has the highest hardness and thermal conductivity of any bulk material. Those properties determine the major industrial applications of diamond in cutting and polishing tools and the scientific applications in diamond knives and diamond anvil cells.
Global industrial diamond market was worth over USD 20 billion in 2014. The U.S. and Africa are major diamond producers and account for majority of the share in the market. 40% of the overall materials produced are in the form of diamond powder, which is priced in the range of USD 4,500 to USD 7,500 per kg.
Increasing demand for abrasives in major end-use industries is expected to drive the overall market demand. Synthetic industrial diamonds are preferred over natural forms as their physical properties can be customized as per requirement. Surge in demand for industrial diamonds is balanced by the enormous supply of synthetic diamonds.
Industrial diamonds are mainly used as cutting, grinding, polishing, and lapping tool. Diamonds used in ornaments are verified on the basis of the cut and color, whereas these products are valued on the basis of their strength, resistibility towards heat & corrosion, and conductivity towards thermal energy.
A gemstone (also called a gem, fine gem, jewel, precious stone, or semi-precious stone) is a piece of mineral crystal which, in cut and polished form, is used to make jewelry or other adornments. However, certain rocks (such as lapis lazuli, opal, and jade) or organic materials that are not minerals (such as amber, jet, and pearl) are also used for jewelry and are therefore often considered to be gemstones as well. Most gemstones are hard, but some soft minerals are used in jewelry because of their luster or other physical properties that have aesthetic value. Rarity is another characteristic that lends value to a gemstone.
The global demand for gemstones has been significant owing to consumers opting for purchasing medium priced gem products via certain platforms such as home shopping through television marketing. While the mid-ranging consumers prefer towards purchasing discounted products, top consumers are opting towards investing in jewelry and gems. Moreover, certain factors such as fashion designers focusing towards developing innovative jewelry products as well as manufacturers becoming vertically integrated involved in developing gemstones as well as jewelry are contributing towards the growth of the gemstones market.
| Plant capacity |
Plant & machinery |
Working capital |
Cost of Project |
T.C.I |
Return |
Break even |
| - |
- |
- |
0 |
- |
1.00 |
0.00 |
