The industrial natural diamond production in Australia exhibited fluctuations over the past decade. In 2023, the volume stood at 14.49 million carats. The production saw significant year-on-year variations, ranging from a high of 27.78% in 2013 to a low of -20.87% in 2014. The last two years (2021-2022) experienced minimal growth with a year-on-year change of 0.12%. The 5-year compound annual growth rate (CAGR) leading to 2023 averaged at 0.99%.
Future trends to watch for:
- The forecast indicates a stable production with a 5-year CAGR of 0.1% through 2028.
- Continuous minor upticks hint at a well-stabilized market while slow growth reflects potential limitations in resource availability or market demand constraints.
- Monitoring technological advancements and market demand will be crucial for anticipating shifts in production trends.
