Shale gas development will have a limited impact on the diamond industry. For diamond single crystals, due to the current low proportion of diamond consumption in the drilling field, and the increase in bit consumption caused by the development of short- and medium-term shale gas is small, the overall demand for shale gas development is limited. For the PDC industry, the domestic core oil and gas market is still dominated by foreign products because the domestic PDC is inferior to the imported PDC in terms of quality performance. We believe that the significance of shale gas to domestic PDC manufacturers is to expand the market space for import substitution in the future. However, before the domestic PDC changes the backwardness of technology, the domestic mainstream oil and gas and shale gas mainstream markets will still tend to use imported products.
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