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 Products Chapter
The Diamond and Gemstone Mining industry's major product is diamonds, which account for the majority of industry revenue.
The industry mines gem-quality diamonds, including fancy diamonds. Coloured diamonds are high value. They are sorted by producers in Australia before export, as the sale channel used depends on the characteristics of the diamonds. Gemstone cutting and polishing is excluded from the industry usually occurs overseas in a specialised diamond hub.
For gem-quality diamonds, miners tend to have long-term supply arrangements with the jewellers that sell such rare stones. Major player Kimberley Diamonds, for example, has a supply agreement with Tiffany & Co for the output of its Ellendale mine... purchase to read more