Australia is a major producer of diamonds, and although most of its output is classed as cheap gem or industrial grade, it also mines high-value fancy pink and yellow diamonds. The Diamond and Gemstone Mining industry is expected to generate revenue of $578.3 million in 2012-13. This is compared with $806 million in 2007-08, yielding a fall of 6.4% per year. The decline reflects substantially lower output and a fall in diamond prices. Despite the overall decline, industry revenue is expected to increase by 34.3% in 2012-13 on the back of higher output and prices.
Firms in this industry mine or quarry diamonds and other gemstones.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.