In an investor relations event held on January 23, China North Industries Red Arrow disclosed that the diamond industry is poised to experience heightened competition in 2024. The industrial diamond sector will embark on a period of cyclical adjustment, characterized by a decline in demand for high-grade diamond tools and a weakening of the photovoltaic market. It is anticipated that in 2025, due to the interplay of supply and demand, prices for both industrial diamonds and lab-grown diamonds will remain relatively stable. Zhongnan Diamond is expected to maintain its top position in global industrial diamond market share in 2024 and aims to further solidify this position in 2025. Concurrently, the lab-grown diamond market is transitioning from a state of disorganized competition towards a more structured competitive environment, with the competitive landscape still in flux. China North Industries Red Arrow plans to progressively increase its market share in 2025, leveraging market dynamics.