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 Key Buyers Chapter
Concentration in the Diamond and Gemstone Mining industry is high, with the two largest enterprises accounting for an estimated 92.3% of industry revenue in 2013-14. The bulk of production is in the hands of one firm, Rio Tinto Ltd. There is only one other firm of substance in the industry (Kimberley Diamonds Ltd), with the remaining operators consisting of micro-businesses. Each of these other companies account for less than 1.0% of industry revenue each year.
Industry concentration has decreased in the past five years. In 2008-09, the two largest companies accounted for 95.7% of industry revenue, with some of the smaller operators receiving higher revenue flows in the past five years. Industry concentration is expected to remain relatively steady in the next five years... purchase to read more