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 Analysis Chapter
The performance of the Diamond and Gemstone Mining industry has been volatile over the past five years. Fluctuating production volumes and prices have underpinned this volatility. Australia is a major global producer of diamonds and industry players produce more diamonds than are needed in the domestic market. As a result, the industry is heavily export-oriented and operators depend on global demand for diamonds, which are used in a range of jewellery manufacturing and industrial applications. Industry operators also face strong competition from imports, which account for a high proportion of total domestic demand. The exit of Kimberley Diamonds, previously a major player in the industry, also negatively affected the industry’s performance in 2015-16... purchase to read more