智通财经APP获悉，财通证券发布培育钻行业研究报告称，Q3业绩落地，主要公司前三季度业绩保持高增，培育钻/工业金刚石/复合超硬材料景气度高企。淡季毛坯价格低点已过，目前正处美国珠宝消费旺季，下游需求保持韧性。终端贸易商、零售商备货补库，11月印度培育钻裸钻出口额同比+23%。受益于需求端季节性向好，9月底以来国内毛坯价格逐步企稳回升，上游龙头基于产能技术优势，业绩确定性强。
建议关注：HTHP产能龙头中兵红箭(000519.SZ)、力量钻石(301071.SZ)，以及CVD即将放量贡献增量业绩的四方达(300179.SZ)、国机精工(002046.SZ)、沃尔德(688028.SH)。
印度钻石珠宝进出口数据跟踪：培育钻裸钻出口同比+23%
2022年11月，印度培育钻石毛坯进口额为0.77亿美元，同比下降13.96%，培育钻石裸钻出口额为1.05亿美元，同比增长22.88%;
2022年11月，印度天然钻石毛坯进口额为13.30亿美元，同比增长24.22%，天然钻石裸钻出口额为12.48亿美元，同比下降4.17%。
培育钻出口端渗透率走高：
2022年11月，印度培育钻石进口端渗透率为5.49%，同比-2.09pct;出口端渗透率为7.79%，同比+1.61pct。
美国正处珠宝销售旺季，下游需求旺盛，培育钻裸钻出口保持增长。经过9-10月库存去化后，培育钻毛坯进口环比恢复。美国下游消费韧性强，天然钻石销售压力下出口端持续下滑，培育钻平替空间广阔，渗透率有望持续提升。
智通财经APP获悉，财通证券发布培育钻行业研究报告称，Q3业绩落地，主要公司前三季度业绩保持高增，培育钻/工业金刚石/复合超硬材料景气度高企。淡季毛坯价格低点已过，目前正处美国珠宝消费旺季，下游需求保持韧性。终端贸易商、零售商备货补库，11月印度培育钻裸钻出口额同比+23%。受益于需求端季节性向好，9月底以来国内毛坯价格逐步企稳回升，上游龙头基于产能技术优势，业绩确定性强。
Zhitong Financial APP learned that Caitong Securities released a research report on the nurturing diamond industry, saying that the Q3 performance was on the ground, the performance of major companies maintained high growth in the first three quarters, and the prosperity of nurturing diamond / industrial diamond / composite superhard materials was high. Off-season blank prices have passed the low point, is now in the U. S. jewelry consumption season, downstream demand remains resilient. Terminal traders and retailers replenish stocks. In November, India's exports of cultivated bare diamonds were + 23% compared with the same period last year. Benefiting from the seasonal improvement on the demand side, domestic blank prices have gradually stabilized and rebounded since the end of September, and the upstream leader has strong performance certainty based on the technological advantage of production capacity.
建议关注：HTHP产能龙头中兵红箭(000519.SZ)、力量钻石(301071.SZ)，以及CVD即将放量贡献增量业绩的四方达(300179.SZ)、国机精工(002046.SZ)、沃尔德(688028.SH)。
Recommended concerns are as follows:HTHP production capacity leader in the Red Arrow (000519.SZ), Power Diamond (301071.SZ), and CVD will soon contribute to the incremental performance of Sifangda (300179.SZ), National Machinery Seiko (002046.SZ), Wolde (688028.SH).
印度钻石珠宝进出口数据跟踪：培育钻裸钻出口同比+23%
Indian Diamond Jewelry Import and Export data tracking: cultivation Diamond bare Diamond Export + 23% compared with the same period last year
2022年11月，印度培育钻石毛坯进口额为0.77亿美元，同比下降13.96%，培育钻石裸钻出口额为1.05亿美元，同比增长22.88%;
In November 2022, India's imports of cultivated diamond blanks were US $77 million, down 13.96% from the same period last year, and exports of cultivated diamonds were US $105 million, an increase of 22.88% over the same period last year.
2022年11月，印度天然钻石毛坯进口额为13.30亿美元，同比增长24.22%，天然钻石裸钻出口额为12.48亿美元，同比下降4.17%。
In November 2022, India's rough imports of natural diamonds were US $1.33 billion, up 24.22% from the same period last year, while exports of bare diamonds were US $1.248 billion, down 4.17% from the same period last year.
Raise the permeability at the exit end of the drill:
2022年11月，印度培育钻石进口端渗透率为5.49%，同比-2.09pct;出口端渗透率为7.79%，同比+1.61pct。
In November 2022, India cultivated diamond import permeability of 5.49%, year-on-year-2.09pct; export permeability of 7.79%, year-on-year + 1.61pct.
美国正处珠宝销售旺季，下游需求旺盛，培育钻裸钻出口保持增长。经过9-10月库存去化后，培育钻毛坯进口环比恢复。美国下游消费韧性强，天然钻石销售压力下出口端持续下滑，培育钻平替空间广阔，渗透率有望持续提升。
The United States is in the peak season of jewelry sales, downstream demand is strong, and the export of nurtured bare diamonds continues to grow. After the stock was removed from September to October, the import ratio of the drill blank was restored. The downstream consumption of the United States is resilient, the export end continues to decline under the pressure of natural diamond sales, there is a broad space for drilling replacement, and the permeability is expected to continue to increase.
