Industry Analysis & Industry Trends
Australia is a major producer of diamonds, and although most of its output is classed as cheap gem or industrial grade, it also mines high-value fancy pink and yellow diamonds. The Diamond and Gemstone Mining industry is expected to generate revenue of $578.3 million in 2012-13. This is compared with $806 million in 2007-08, yielding a fall of 6.4% per year. The decline reflects substantially lower output and a fall in diamond prices. Despite the overall decline, industry revenue is expected to increase by 34.3% in 2012-13 on the back of higher output and prices. An anticipated decline in the value of the Australian dollar will also boost industry revenue in local currency, given that prices are typically denominated in US dollars... 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 over 90% of industry revenue. 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, with the remaining operators consisting of micro-businesses... purchase to read more