In the 1960s, the diamond tool manufacturing industry took the lead in realizing industrialization and rapid development in developed countries in Europe and America. In the 1970s, Japan gained a competitive advantage with its relatively low manufacturing cost and quickly became one of the leading players in the diamond tool manufacturing industry. In the 1980s, South Korea replaced Japan as a rising star in the diamond tool industry. In the 1990s, with the global rise of China’s manufacturing industry, China’s diamond tool manufacturing industry also started, and gradually showed strong competitiveness. After more than ten years of development, China has thousands of diamond tool manufacturers with an annual output value exceeding Ten billion yuan has become one of the main suppliers of the international diamond tool market after South Korea.