The latest report titled Diamond Production Cost by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Diamond.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Diamond production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Diamond Production Process:
1. Diamond Production Cost Via opencast mining: This report presents the detailed production methodology and cost analysis of Diamond industrial production across Diamond manufacturing plants. In opencast mining, the ore is extracted from mining tuffs such as kimberlite rocks by hydraulic shovels and dumpers. Then, holes are drilled in the rock benches to place explosives which have a mixture of water and a slurry of ammonium nitrate, blasted in a controlled pattern. The rocks are then exposed to a natural weathering process. They are then crushed and finally in a separation system, the diamonds are separated using a ferrosilicon liquid obtained at the bottom of the tank.
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Product Definition:
Diamond is a mineral that occurs naturally and has an organized crystal lattice of carbon atoms. It is a popular gemstone because of its extraordinary hardness and brilliance. It often develops under extreme pressure and heat conditions deep under the Earth’s mantle. On the Mohs scale, a diamond has a score of 10 and is the hardest known natural material, which is one of its exceptional properties. Strong covalent connections between the carbon atoms in its crystal structure are thought to be the cause of its hardness. Additionally, due to their high refractive index, diamonds exhibit their distinctive brilliance when cut and polished appropriately. It is extremely durable, has great thermal conductivity, and is electrically insulating, which makes them resistant to wear and scratching. They are chemically inert, or resistant to most agents, and have a high melting point.
Market Drivers:
Diamond is extremely important for many industrial applications because of its outstanding qualities. It is frequently used in cutting, grinding, and polishing tools. Diamond is used as an abrasive material in saw blades, drill bits, and grinding wheels because of its exceptional hardness. Hard materials like metals, ceramics, and concrete are cut and shaped with these tools. Non-ferrous metals, composite materials, and semiconductors can all be machined using tools that have its coatings. It is also the perfect material for heat management applications because of its thermal conductivity and heat resistance.
To effectively dissipate heat and avoid overheating, it is used in thermal management systems, such as heat sinks and heat spreaders, in electrical equipment. The electronics and telecommunications sectors use it for its remarkable electrical insulating qualities. It serves as a substrate for electrical components with high power and high frequency, such as transistors and diodes.
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