Global Moissanite Market: Industry Trends and Analysis, 2015 - 2021

Moissanite is a rare mineral exhibiting various crystalline polymorphs, also known by the term silicon carbide (SiC). These materials are synthesized in laboratories and termed as silicon carbide. It is a colorless gemstone, similar to the crystal structure of diamonds, and whose original deposits are found in meteorites. The mineral is widely used in various pieces of luxury jewelry, having a higher refractive index than diamonds, while possessing a colorless and aesthetic property, equal to diamonds. Due to this, light bounces inside the stone more than diamonds which creates an aesthetic display of fire and sparkle with hardness greater than other conventional gemstones. In addition, due to its durability, moissanite is preferred as the perfect and most affordable choice jewelry investments. When polished and cut, moissanite is used for making jewelry and other ornaments, as well as for decoration purposes. Certain rocks or organic materials that are not considered as minerals are also consumed in making jewelry products and are hence considered to moissanite as well. While most of the gemstones are hard in nature, certain soft minerals are used in making jewelry owing to their luster and other properties exhibiting aesthetic value.

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The global demand for moissanite has been significant owing to consumers opting for purchasing medium priced gem products via certain platforms such as home shopping through television marketing. While the mid-ranging consumers prefer towards purchasing discounted products, top consumers are opting towards investing in jewelry and gems. Moreover, certain factors such as fashion designers focusing towards developing innovative jewelry products as well as manufacturers becoming vertically integrated involved in developing gemstones as well as jewelry are contributing towards the growth of the moissanite market. 

Moissanite shares a wide application scope in making jewelry. The market for jewelry and gems has been noticing a significant increase disposable income of the individuals coupled with growing usage of ornaments in ceremonies in economies of Asia Pacific. Consumers in emerging regions such as Asia Pacific are slowly drifting away from the conventional unorganized jewelry and inclining towards organized branded products in order to protect themselves from counterfeit products. Moreover, rising awareness regarding the benefits of shopping from organized retail by implementing various promotional strategies and advertisements has also led to increasing consumption of jewelry which has further contributed towards the demand for moissanite in Asia Pacific and other regions. 

Increasing demand for jewelry as well as inclusion of gems in jewelry products owing to increasing spending of the consumers as well as changing lifestyle is expected to drive the demand for jewelry products over the forecast period thereby increasing the demand for moissanite. In addition, increasing use of gems as an individual feature for decoration purposes is also expected to contribute towards the growing consumption of moissanite. However, factors such as rising labor charges as well as inflation impacting the prices of jewelries are thereby expected to negatively affect the growth of its raw materials such as moissanite. Focus on research and development activities towards developing innovative products as well as focus on market expansion in emerging region such as Latin America and Asia Pacific is expected to provide new opportunities for the growth of the market. 

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Charles & Colvard Ltd., Gitanjali Gems Ltd., Tiffany & Co., Titan Gems, and Zales Corporation are some of key player in the moissanite industry.

Key geographies evaluated in this report are:

• North America
  • U.S
  • Canada
• Europe
  • France, Germany, Italy, Spain, and the UK
  • Eastern Europe
  • CIS
• APAC
  • China
  • India
  • Japan
  • Australia
  • Others
• Latin America
  • Argentina
  • Brazil
  • Others

Key features of this report

• Drivers, restraints, and challenges shaping the Moissanite market dynamics
• Latest innovations and key events in the industry
• Analysis of business strategies of the top players
• Moissanite market estimates and forecasts(2015 -2021)

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