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 Analysis Chapter
The industry's major product is diamonds, and trends in production, sales volumes and prices of diamond largely drive industry performance. Production at Australia's major diamond mine, Argyle, picked up in 2011-12 and 2012-13, and is expected to surge in 2013-14 as output increases at the underground mine that started production in April 2013. In 2013-14, industry revenue is forecast to increase by 15.9% to $801.4 million. However, over the past five years, industry revenue is estimated to have declined at an annualised 1.6% because revenue slumped in 2009-10.
Demand and profit
The demand, output and price trends for diamonds, particularly industrial diamonds, drive industry performance... purchase to read more