Henan 5-32 carat colored diamonds go on sale worldwide, Western giants face a century-long crisis: 90% import substitution is just the beginning

For more than 100 years, the diamond standard has been defined by the West. When Henan diamonds began to surpass natural diamonds in quality and crush them on price, this century-old pricing system first truly faced a challenge.

The story of “Diamonds are forever” is still being told, but the storytellers have changed. More and more people are starting to believe that what’s truly lasting isn’t scarcity, but technology; it isn’t monopoly, but choice; it isn’t Western pricing power, but Henan’s “carat freedom.”

Author’s statement: personal views, for reference only