The species has five pairs of legs that are used to move across the ocean floor, the fifth set possessing claws in the female, and six smaller pairs are located at the mouth. The eyes are located at the ends of stalks. They vary in colour from a brownish purple to a pale colour. The exoskeleton is segmented, and must be shed as the animal grows. The largest recorded specimen is, but a maximum weight of is considered typical. The average accepted form of measurement, that of the carapace, is from in length.
The annual catch is 8,000–15,000 tons. The value of production in 2003/2004 was A$248 million. The fishery was one of the first in the world to be certified as ecologically sustainable by the Marine Stewardship Council. The western coastline contains eight species of rock lobster, but the harvest primarily targets Panulirus cygnus. The species is known to have been caught since the settlement of Swan River Colony, in 1829, and expanded as the larger populations were discovered in remote locations of the state. The industry came to be centred at the Houtman Abrolhos, at the edge of the continental shelf, where the mature crays occur in large populations. A cannery was established at the islands to export the seasonal catch in the 1930s. The early industry claimed to harvest up to fourteen species, however, research into the Abrolhos populations recognised only three. The population harvested near Dongara is reputed to be a greater delicacy amongst consumers, although investigation of that catch did not reveal any morphological distinctions from other populations.
Taxonomic history
Panulirus cygnus was previously classified under several taxonomic arrangements, the first description was published in 1962. The author, Ray George, recognised the similarities to other species of Panulirus, such as Panulirus longipes, but regarded the number of distinctions qualified this as a separate species. The generic name is an anagram of Palinurus, as with other genera of its nominal familyPalinuridae, the spiny lobsters. The name is derived from Palinurus, mentioned in the Aeneid, whose improper burial caused his soul to drift near the coast to the open seas; an appropriate metaphor for the habits of the spiny lobsters that develop near the coast and migrate away from it. The specific epithet is named for an emblem of Western Australia, Cygnus atratus, the black swan. The holotype was collected by George in a pool at Rottnest, at a depth of 1 metre, and preserved at the state's museum ; other specimens in their collection were reclassified as paratypes. George's taxon was demoted to a subspecies until the 1970s, when a revision recognised the population as a species. The recognition of the species was relevant to the conservation of its related fishing industry, it is unique to the region and could not be naturally repopulated from other regions. Common names of the species include "western rock lobster", "Australian spiny lobster", "crayfish" or "crays". The common names of "lobster", "homard" and "yabbie" are also used to refer to this species, along with many other crustaceans.