Rio Tinto has a 60 per cent stake in the Diavik project in Canada

Local diamonds not cutting it

The small diamonds produced in WA are falling out of favour with buyers, leading to questions about the industry’s future.

RIP Western Australia’s diamond industry, 1979 to 2017, once brilliant, died from low prices and high costs.

That epitaph is yet to be written, but unless there is a dramatic improvement in the global market for diamonds, it could be just a matter of months before it is.


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Total Shareholder Return as at 31/10/16

1 year TSR5 year TSR
249thBHP Billiton29%0%
339thRio Tinto12%-1%
438thNational Australia Bank-0%12%
465thCommonwealth Bank-7%14%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$0 Bought
$90k Sold
$1k Bought
Total value as at the date of the transaction
Source: Morningstar


2nd-Rio Tinto$49,225.3m
3rd↓BHP Billiton$42,224.6m
4th-National Australia Bank$27,213.0m
5th-Commonwealth Bank$27,005.0m
79 listed non wa companies ranked by revenue.
Source: Morningstar

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