High metal prices and export volumes have contributed to strong industry revenue growth in the past five years, despite high levels of competing imports. Australian diamonds, gold and gold coins from the industry are in strong demand in foreign countries, which greatly benefits the industry's exporting firms. Over the five years through 2011-12, industry revenue is estimated to increase by an annualised 7.7% to $1.31 billion. In 2011-12, industry revenue is forecast to grow by 3.4% as export growth slows and retail sales remain subdued.
Industry operators manufacture jewellery or silverware using precious or semi-precious metal and stones, and the cutting of such stones. It also includes operators that manufacture costume jewellery, badges and medals, as well as coin minting. Industry operators may also be involved with manufacturing, engraving, chasing, or etching jewellery or precious metal, and selling these products to wholesalers or, in certain instances, directly to retailers.
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.