On April 15, Huifeng Diamond revealed that, effective May 1, it would implement an 8% to 12% price hike across its industrial diamond product range. Huifeng Diamond clarified that its primary focus lies in diamond micron powder, and the decision to raise prices stems largely from the escalating costs of upstream raw materials. The company's main raw materials are industrial diamond monocrystals, and the surge in their prices has consequently driven up the costs of downstream micron powder products. Huifeng Diamond explained, "The company has only recently stepped into the industrial diamond monocrystal sector, facing a shortage of equipment and with production not yet in full swing. As of now, we still depend on external procurement for our raw materials." Huanghe Whirlwind, a key supplier to Huifeng Diamond, disclosed that it has already raised prices for industrial diamonds for quite some time, with an approximate increase of 15%. The driving factors behind these price hikes encompass exchange rate fluctuations and the rising costs of raw materials like carbon. Future price movements will hinge on further company announcements.