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