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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 2015

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

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
$521m
Annual Growth 10-15
-9.4%
Annual Growth 15-20
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Profit
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Employment
1,427
Businesses
63
Industry Analysis & Industry Trends

The Diamond and Gemstone Mining industry is dominated by the mining and export of diamonds, which are technically classed as gemstones. Australia is a major producer on the world stage, exporting a large volume of cheaper, unsorted diamonds and a limited number of rare coloured diamonds. The most famous of these are the yellow and pink diamonds of the Kimberley region, and the sale of these high-end stones contributes disproportionately to industry revenue. In addition to diamonds, the industry includes opal, sapphire and other gemstone mining.

The Diamond and Gemstone Mining industry is expected to generate revenue of $521.4 million in 2014-15. This is down from $852.8 million in 2009-10... 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?

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

Industry Products
Gem-quality diamondsUnsorted diamondsSapphires and other gemstones
 
Industry Activities
Diamond miningOpal miningSapphire miningChrysoprase miningOther gemstone mining


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