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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 Products Chapter

The Diamond and Gemstone Mining industry's major product is diamonds, accounting for an estimated for 92.8% of industry revenue and 88.3% of industry volumes in 2013-14. The only other gemstone that accounts for a material share of industry revenue is the opal, with sapphires, chrysoprase and some other gemstones only accounting for a small proportion of the industry.

Gem-quality diamonds

An estimated 7.9% of the diamonds mined in Australia are of gem quality, making them suitable for use in high-quality jewellery. This is up from 5.1% in 2008-09 due to higher volumes from Rio Tinto's Argyle mine and Kimberley Diamonds Ltd. Gem-quality diamonds attract much higher prices than cheap gem or industrial-grade stones... 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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