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Diamond and Gemstone Mining in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Diamond and Gemstone Mining Market Research Report | ANZSIC B0991 | Jan 2014

Precious profit: Margins will grow as the industry's diamond output increases

IBISWorld’s Diamond and Gemstone Mining market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$801m
Annual Growth 09-14
-1.6%
Annual Growth 14-19
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Profit
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Employment
1,550
Businesses
61
Industry Analysis & Industry Trends

Australia is a major producer of diamonds. Although most of its output by volume is classed as cheap gem or industrial grade, it also mines high-value fancy pink and yellow diamonds that can command very high prices on global and domestic markets. The Diamond and Gemstone Mining industry is expected to generate revenue of $801.4 million in 2013-14. This is down from $867.8 million in 2008-09, representing an annualised decline of 1.6%. The decline reflects lower output, while diamond prices have increased slightly on average. Despite the overall decline, industry revenue is forecast to increase by 15.9% in 2013-14 on the back of significantly higher output and prices from Rio Tinto's Argyle mine... 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 2013-14, IBISWorld estimates that Western Australia will account for 91.3% of industry revenue from 68.9% of industry enterprises. Just two companies, Rio Tinto and Kimberley Diamond Ltd, dominate the industry and industry revenue levels. A large number of companies operating in the industry are very small operators with low income each year... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Diamond and Gemstone Mining Industry?

Firms in this industry mine or quarry diamonds and other gemstones.

Industry Products
Gem-quality diamondsIndustrial diamondsCheap gem diamondsSapphires and other gemstonesOpals
 
Industry Activities
Diamond miningOpal miningSapphire miningChrysoprase miningOther gemstone mining


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