In this study, Fe-based diamond composites with various Ni–Cr–Mo–Si–B prealloy additives were prepared using hot-press sintering, and the effects of the Ni–Cr–Mo–Si–B content on the relative density, bending strength, Rockwell hardness, and frictional wear properties of the Fe–Cu–Co–Sn matrix were investigated. Additionally, the effect of the composition of the Ni–Cr–Mo–Si–B additives on the interface between the matrix and diamond was studied. The Ni and Cr in the additives facilitated a tight bonding interface without notable gaps between the diamond and Fe–Cu–Co–Sn matrix. Considering the overall performance of the materials, the optimal addition of Ni–Cr–Mo–Si–B was determined to be 10 %, which resulted in notably improved comprehensive performance indicators of the Fe-based diamond composite materials. For example, diamond drill bits made with this formulation exhibited a wear ratio of 1600 mm/g and a penetration rate of 29.21 mm/min, representing increases of 29 % and 44.96 %, respectively, compared to those of drill bits without Ni–Cr–Mo–Si–B additives. Developing high-performance diamond drill bits with increased ROP and extended service lives to enhanced performance, efficiency, and cost-effectiveness in drilling operations across different industries, ranging from mining and construction to oil and gas exploration.
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