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The production base of synthetic diamond in Tianping Town is deep and solid. As early as 1985, the former National Science and Technology Commission took the lead in the development of artificial diamond poverty alleviation projects in Tianping Town, and the diamond industry continued to grow and develop. In 2003, Tianping Town was awarded the title of "China Diamond Town" by the National Diamond Association. From 2004 to 2005, it has maintained a good development trend. The number of synthetic diamond manufacturers reached 38, and the annual total industrial output value was 143 million yuan, which became a new force to promote the economic development of the town. Since 2006, due to backward technology and market downturn, the diamond industry in the town has gradually declined.
The Tianping Town Party Committee Government is eager to improve quality and efficiency through research on high-quality diamond synthesis technology, re-establish, develop and strengthen the local diamond industry, and reproduce the style of the "China Diamond Town".
Recently, the party committee government of Tianping Town, Xinhua County has coordinated and actively carried out the application for the science and technology development project of provincial science and technology commissioners. Xiong Xiangjun, director of the Institute of Powder Metallurgy, Central South University, has been invited to Tianping Town to conduct research on high-quality diamond synthesis technology. Reinvigorate the "Chinese diamond town".