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 - Industry Key Buyers Chapter
Concentration in the Diamond and Gemstone Mining industry is high, with the two largest enterprises accounting for close to 95% of industry revenue in 2014-15. 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 than generate very small shares of revenue.
Industry concentration is expected to remain relatively steady in the next five years. While Merlin Diamonds Limited may increase revenue significantly in the future, this is not expected to have a major effect on industry concentration due to the scale of the Rio Tinto's operations... purchase to read more