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Showing posts with the label Industrial Diamond Market Forecast

Industrial Diamond Market is gaining major traction with Alrosa, a diamond mining company, announcing to start trial mining at a new selection of its Luaxe deposits in Angola by mid-2020

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  Industrial Diamond is made from diamonds used in industrial processes like drilling, cutting, polishing, etc. This type of diamond is used when one speaks of industrial diamonds. The term refers to those diamonds used in industries where one would expect hard wear and tear to take places such as drill bits, machine parts, turbines, and aerators for example. One of the primary applications of industrial diamonds is in the automobile and construction industries, typically for cutting purposes. Over the years, both the construction and automotive sector have witnessed massive growth, in both developed and emerging economies. As per the India Brand Equity Foundation (IBEF), India is expected to become the world’s third-largest construction market by 2022. According to the same source, India plans to spend around US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP) from 2019 to 2023. Hence, such factors can stimulate growth of th...
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