This small settlement is famous for the abundance of topaz – known colloquially as `Killiecrankie Diamonds' – found in nearby Killiecrankie Bay.
The small settlement of Killiecrankie occupies the lower slopes behind the western end of Killiecrankie beach at the southern corner of the bay. The main collecting area is among granite boulders on the foreshore in the vicinity of Diamond Gully at the northern end of the Bay.
The area yields topaz crystals and pieces, along with smoky quartz and rare zircon and beryl. The main product from this area is the topaz.
Killiecrankie Diamonds occur in other locations around Killiecrankie Bay. Another area of potential interest to fossickers is the old Tanners Bay tin field 9 kilometres to the south of Killiecrankie.
- Walk in the nearby Low Point Conservation Area