Industry Analysis & Industry Trends
The Diamond and Gemstone Mining industry is dominated by the mining and export of diamonds. Australia is a major producer of diamonds on the world stage. Industry players export cheaper unsorted diamonds and a limited number of rare coloured diamonds. The yellow and pink diamonds from the Kimberley region in Western Australia are Australia's most notable coloured diamonds, and the sale of these high-end stones contributes disproportionately to industry revenue. In addition to diamonds, the industry includes companies that mine opals, sapphires and other gemstones.
Industry revenue is estimated to fall at a compound annual rate of 4.0% over the five years through 2015-16, to reach $380.1 million... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry exhibits a high market share concentration. In 2015-16, the industry's four largest players are estimated to account for over 90% of total revenue. IBISWorld estimates that Rio Tinto Group, the industry's largest player, alone accounts for over 80% of revenue in 2015-16. Rio Tinto dominates Australia's diamond production, as the firm mined 9.2 million carats of diamonds in 2013-14. Over the past five years, its production peaked at 11.4 million carats in 2012-13.
Aside from the industry's dominant major player, eight very small-scale operators mine gemstones such as opal, sapphire, chrysoprase and kyanite. Due to the industry's rare commodities and the isolated nature of diamond and gemstone deposits, no single firm operates multiple establishments... purchase to read more