We are experiencing enormous growth in the area of commissioned work for “color diamonds” and larger diamonds. The market demand for raw diamonds has increased so much that the procurement of raw diamonds can hardly be satisfied. There is an underfunding for the first time in years. In 2021 the demand for diamonds is significantly higher than that in stock.
Adjusted for results, this is an approx. 12.8% increase in demand, which leads to a massive increase in prices. The quantities in demand that could not be obtained from stock exchanges have fallen by more than 8%. Enormous quantities of raw and cut diamonds are requested worldwide and the delivery capacity is very limited. This also shows the tendency for the procurement of our own materials, such as diesel, solar panels and machines.
The challenges that arose in 2019 and 2020 were successfully implemented in all business areas of Junghans Mining, Junghans Cutting and Junghans Vision. The objective of the Junghans Group AG is to diversify the product range and develop new business areas that will contribute to the future success of the Junghans Group AG.
We see enormous growth potential, especially in the medical field of diamond scalpels, which we can optimally serve with existing resources.
In the field of diamond dust for the automotive industry and paint processing, we will continue to maintain and steadily expand our market share in the future.