Industry Analysis & Industry Trends
The Diamond and Gemstone Mining industry is dominated by the mining and export of diamonds, which are technically classed as gemstones. Australia is a major producer on the world stage, exporting a large volume of cheaper, unsorted diamonds and a limited number of rare coloured diamonds. The most famous of these are the yellow and pink diamonds of the Kimberley region, and the sale of these high-end stones contributes disproportionately to industry revenue. In addition to diamonds, the industry includes opal, sapphire and other gemstone mining.
The Diamond and Gemstone Mining industry is expected to generate revenue of $521.4 million in 2014-15. This is down from $852.8 million in 2009-10... purchase to read more
Industry Report - Industry Locations Chapter
This industry's geographic spread reflects the location of gemstone deposits. The great bulk of industry revenue comes from Western Australia, where all of Australia's diamond production originates. Western Australia also accounts for the bulk of Australia's chrysoprase output. South Australia and New South Wales are the major producers of opals, while Queensland produces sapphires and some emeralds.
In 2014-15, IBISWorld estimates that Western Australia will account for 87.6% of industry revenue from close to 70% of industry enterprises. Just two companies, Rio Tinto and Kimberley Diamonds, dominate the industry in terms of revenue. A large number of companies operating in the industry are very small operators with low income each year... purchase to read more