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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 | Jul 2015

Shine on: Increased production is forecast to underpin industry performance

IBISWorld’s Diamond and Gemstone Mining market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$380m
Annual Growth 11-16
-4.0%
Annual Growth 16-21
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Profit
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Employment
649
Businesses
9
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 - Starting a New Business Chapter

Entry barriers to the industry vary according to the type of product mined. There are high barriers to entry to diamond mining, reflecting the large amounts of money required for exploration and mine development, and the entrepreneurial skill required for marketing. Significant capital inputs are required for mining equipment and other inputs, while wage costs are also high to attract experienced miners. The dominance of Rio Tinto in the industry also highlights the economies of scale required for major operations.

Entry barriers are much lower for opal or sapphire mining, as the productive fields are more accessible and more amenable to mining via relatively simple methods... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Diamond and Gemstone Mining Industry?

Companies in the industry mine and quarry non-metallic minerals such as diamonds, opals, sapphires and other gemstones.

Industry Products
Gem-quality diamondsUnsorted diamondsOpalsSapphiresOther gemstones
 
Industry Activities
Diamond miningJade miningOpal miningSapphire miningChrysoprase miningKyanite miningOther gemstone mining


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