Industry Analysis & Industry Trends
The Diamond and Gemstone Mining industry is dominated by the mining and export of diamonds. Australia is a major producer of diamonds on the world stage. Industry players export cheaper unsorted diamonds and a limited number of rare coloured diamonds. The yellow and pink diamonds from the Kimberley region in Western Australia are Australia's most notable coloured diamonds, and the sale of these high-end stones contributes disproportionately to industry revenue. In addition to diamonds, the industry includes companies that mine opals, sapphires and other gemstones.
Industry revenue is estimated to fall at a compound annual rate of 4.0% over the five years through 2015-16, to reach $380.1 million... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Diamond and Gemstone Mining industry is in the mature stage of its economic life cycle. Revenue has declined over the past five years due to declining diamond and gemstone prices, while production volumes have also fluctuated substantially. Revenue is expected to rebound from a low base over the next five years due to modest downstream demand for local products. Nevertheless, industry players are expected to continue to face strong competition from diamond and gemstone importers.
Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to grow at a compound annual rate of 0.4% over the 10 years through 2020-21... purchase to read more