Industry Analysis & Industry Trends
Diamond mining and exports dominate the Diamond and Gemstone Mining industry. Australia is a major global producer of diamonds. 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 sales of these high-end stones contributing disproportionately to industry revenue. In addition to diamonds, the industry includes companies that mine opals, sapphires and other gemstones.
Industry revenue is expected to fall at a compound annual rate of 3.7% over the five years through 2016-17, to total $400.4 million... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry exhibits a high market share concentration. In 2016-17, the industry's four largest players are expected to account for over 90% of total revenue. Rio Tinto Group, the industry's largest player, is expected to account for over 85% of revenue in 2016-17. Rio Tinto dominates Australia's diamond production, with the firm consistently mining in excess of 7 million carats of diamonds over the past five years.
Aside from the industry's dominant major player, eight small-scale operators mine gemstones such as opal, sapphire, chrysoprase and kyanite. Due to the industry's rare commodities and the isolated nature of diamond and gemstone deposits, no single firm operates multiple establishments... purchase to read more