Industry Analysis & Industry Trends
Diamond mining and exports dominate the Diamond and Gemstone Mining industry. Australia is a major global producer of diamonds. 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 sales of these high-end stones contributing disproportionately to industry revenue. In addition to diamonds, the industry includes companies that mine opals, sapphires and other gemstones.
Industry revenue is expected to fall at a compound annual rate of 3.7% over the five years through 2016-17, to total $400.4 million... purchase to read more
Industry Report - Industry Investment Chapter
The industry displays a high level of capital intensity. In 2016-17, for every dollar spent on wages, an estimated $1.11 is invested in capital. The industry's major activity, diamond mining, is particularly capital-intensive. Production processes rely on a range of capital equipment, including excavating machinery, cutting and digging equipment, conveyor systems, crushing machinery, power generators, trucks, other vehicles and temporary buildings.
Other gemstone mining, such as opal and sapphire mining, is typically more labour-intensive, but substantial capital is still required to establish operations. Most of these mines are small, where individuals and small-scale firms use relatively basic capital equipment... purchase to read more