DUBLIN, Jan. 18, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/h6p3l7/diamond_mining) has announced the addition of the "Diamond Mining Industry 2015-2019" report to their offering.
The diamond mining industry to grow at a CAGR of around 5% during the forecast period
The increased demand from emerging markets such as China and India for diamond jewelry is driving the growth of this industry
The environmental issues arising due to diamond mining is expected to pose challenges for the growth of the market during the forecast period. Diamond mining uses a variety of mining methods, some of which include the evacuation of large amounts of soil from the earth, causing land unsettlement. The mining activities also lead to the removal of other minerals and huge carbon footprints. As a result, new regulations are being set up to ensure evacuation, stockpiling and return of other minerals to allow the region to come back to its natural state.
Industrial applications dominated the market during 2014 with a market share of 70%. This research report predicts this segment to reach a market volume of 105 karats by the end of 2019. Small pieces of diamonds are fixed in a saw blade or a grinding wheel for cutting, drilling, or grinding. Powdered diamond is made into a paste and used for polishing.
Africa accounted for 53% of the market share during 2014 and is predicted to retain its leadership until the end of 2019 with a growth rate of 6%. The growth of the diamond industry in this region is due to a large number of mines present in this region. South Africa is the market leader in this region contributing nearly 53% of the revenue.
The diamond mining market is highly competitive due to the presence of numerous players. The industry has been witnessing consolidation with the smaller entities being acquired by major vendors. Most of the vendors invest heavily in R&D to succeed in this intensely competitive market.
The leading vendors in the market are
- De Beers
- Dominion Diamond
- Gem Diamonds
- Lucara Diamond
- Petra Diamonds
- Rio Tinto
- Stornoway Diamond
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by applications
Part 07: Geographical segmentation
Part 08: Key leading countries
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/h6p3l7/diamond_mining
Laura Wood, +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets