Moissanite Market Report 2024 (Global Edition)

Global Moissanite Market Report 2024 Market Size Split by Shape (Round, Cushion, Oval & Pear, Emerald & Asscher, Marquise, Hearts & Arrows, Others), by Application (Rings, Earrings, Pendants, Others),...

Moissanite Market Report Description

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Moissanite Market Insights Video

Competitive Landscape of the Moissanite Market

The competitive landscape of the Moissanite Market features several key players vying for market share. Companies such as Charles & Colvard, Harro Gem, and Moissanite International are prominent contributors. These players compete based on factors like product quality, pricing, brand reputation, and distribution channels. Additionally, technological advancements, innovations in gemstone production, and marketing strategies influence competition. The market also sees competition from traditional diamond jewelry retailers and emerging players offering alternative gemstones, shaping a dynamic and evolving competitive environment.

May 2023: Louis Vuitton has unveiled a fresh lineup of Empreinte Fine Jewelry. Drawing inspiration from the Maison's iconic codes, this collection showcases unique designs that embody the essence of Louis Vuitton's heritage and style. (Source: https://in.louisvuitton.com/eng-in/jewellery/collections/empreinte/_/N-tru8ag4 )

Top Companies Market Share in Moissanite Industry: (In no particular order of Rank)

• Charles & Colvard (United States)
• Harro Gem (United States)
• Moissanite International (Australia)
• Tianyu Gems (China)
• Neo Moissanite (India)
• Amora Gem (United States)
• Better Than Diamond (United States)
• Fire & Brilliance (United States)
• JTV (Jewelry Television) (United States)
• Charles Winston (United States)
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Moissanite Market

Which Region Dominates the Moissanite Market in 2024?

According to Cognitive Market Research, North America has captured the largest market share in the Moissanite market due to several factors. The region boasts a robust consumer base with a high disposable income, making it conducive to the purchase of luxury items like moissanite jewelry. Additionally, strong marketing efforts, widespread availability of moissanite products through various retail channels, and a culture that embraces innovative and alternative gemstones contribute to North America's dominance in the market.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is experiencing the fastest compound annual growth rate (CAGR) in the Moissanite market due to several factors. Rapid economic growth, increasing urbanization, and a rising middle-class population with disposable income are driving demand for luxury goods like moissanite jewelry. Additionally, the region's strong manufacturing capabilities, coupled with a growing trend towards online shopping and digital marketing, are further accelerating market growth in Asia Pacific. These factors collectively contribute to the region's rapid expansion in the moissanite market.

The current report Scope analyzes Moissanite Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Moissanite

According to Cognitive Market Research, the global Moissanite Market size was estimated at USD 48.90 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 19.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031

• According to Cognitive Market Research, the US had a major share in the Moissanite Market with a market size of USD 15.43 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The demand is amplified by the region boasts a robust consumer base.
• The Canada Moissanite Market had a market share of USD 2.35 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. This is due to strong marketing efforts.
• The Mexico Moissanite Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 1.78 million in 2024.

Europe Moissanite

According to Cognitive Market Research, the global Moissanite Market size was estimated at USD 48.90 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 14.67 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom Moissanite Market had a market share of USD 2.46 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In the UK, Moissanite sales witness an upswing due to gion's diverse consumer base.
• The France Moissanite Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 1.35 million in 2024.
• According to Cognitive Market Research, the Germany Moissanite Market size was valued at USD 2.90 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. In Germany, Moissanite sales surged due to rising popularity of sustainable.
• The Italy Moissanite Market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 1.26 million in 2024.
• The Russia Moissanite Market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 2.27 million in 2024.
• The Spain Moissanite Market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 1.20 million in 2024
• The Luxembourg Moissanite Market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 0.45 million in 2024.
• The Portugal Moissanite Market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 0.31 million in 2024.
• The Greece Moissanite Market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 0.18 million in 2024.
• Rest of Europe's Moissanite Market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 2.27 million in 2024.

Asia Pacific Moissanite

According to Cognitive Market Research, the global Moissanite Market size was estimated at USD 48.90 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 11.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Moissanite Market size was valued at USD 5.06 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Moissanite sales surge in China due to region's large population.
• The Japan Moissanite Market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 1.55 million in 2024.
• The India Moissanite Market had a market share of USD 1.35 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. This is due to increasing disposable incomes.
• The South Korea Moissanite Market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 1.12 million in 2024.
• The Australia Moissanite Market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 0.58 million in 2024.
• The South East Asia Moissanite Market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 0.78 million in 2024.
• The Rest of Asia Pacific Moissanite Market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 0.80 million in 2024.

South America Moissanite

According to Cognitive Market Research, the global Moissanite Market size was estimated at USD 48.90 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 2.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Moissanite Market size was valued at USD 1.05 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Moissanite sales flourish in Brazil due to t region's expanding middle class.
• Argentina Moissanite Market had a market share of USD 0.41 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. This is due to ising disposable incomes.
• Colombia Moissanite Market is projected to witness growth at a CAGR of 7.2% during the forecast period with a market size of USD 0.22 million in 2024.
• Peru Moissanite Market is projected to witness growth at a CAGR of 7.6% during the forecast period with a market size of USD 0.20 million in 2024.
• Chile Moissanite Market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD 0.18 million in 2024.
• The Rest of Latin America Moissanite Market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 0.39 million in 2024.

Middle East and Africa Moissanite

According to Cognitive Market Research, the global Moissanite Market size was estimated at USD 48.90 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 0.98 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031

• The GCC Countries Moissanite Market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD 0.42 million in 2024. Moissanite sales flourish due to region's affluent consumer base.
• The Egypt Moissanite Market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 0.10 million in 2024.
• The South Africa Moissanite Market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 0.15 million in 2024. Moissanite sales flourish in South Africa due to rising disposable incomes.
• The Turkey Moissanite Market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 0.08 million in 2024.
• The Nigeria Moissanite Market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 0.10 million in 2024.
• The Rest of MEA Moissanite Market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 0.12 million in 2024.

Moissanite Market Analysis

Moissanite Market Shape Segment Analysis

According to Cognitive Market Research, Round stands out as the dominating category. Round shape moissanite has captured the largest market share in the Moissanite Market due to its timeless appeal and versatility. The round shape is a classic choice for engagement rings and other jewelry, preferred by a wide range of consumers. Its popularity is also attributed to its ability to maximize brilliance and fire, making it visually stunning. Additionally, the round shape is widely available across various price points, catering to different budget and style preferences, further solidifying its market dominance.

Cushion shape moissanite is experiencing the highest compound annual growth rate (CAGR) in the Moissanite Market due to its increasing popularity among consumers seeking a balance between traditional elegance and modern flair. The cushion shape offers a unique and distinctive appearance, combining the brilliance of round cut with the soft edges of a square cut. Its versatility makes it suitable for various jewelry styles, including engagement rings, leading to its rapid adoption and growth in the market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Moissanite Industry. Request a Free Sample PDF!

Moissanite Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is Rings. Rings application has captured the largest market share in the Moissanite Market due to several factors. Rings, particularly engagement rings, are a primary purchase category for moissanite, accounting for a significant portion of overall sales. The timeless appeal of moissanite rings, coupled with their affordability compared to diamond rings, makes them an attractive choice for couples seeking high-quality yet cost-effective options. Additionally, the growing trend of personalized and custom-designed rings further boosts the demand for moissanite in this application segment.

Earrings application is experiencing the highest compound annual growth rate (CAGR) in the Moissanite Market due to several factors. Increasing disposable incomes, changing fashion trends, and a growing preference for versatile and affordable jewelry options are driving demand for moissanite earrings. The smaller size and lower price point of earrings make them more accessible to a broader consumer base. Additionally, the wide variety of designs available in moissanite earrings caters to different style preferences, further fueling market growth in this segment.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Moissanite Source Segment Analysis

moissanite has captured the largest market share in the Moissanite Market due to its perceived authenticity and rarity. Consumers often prefer natural moissanite for its natural origin and unique characteristics. The limited availability of natural moissanite compared to lab-created options adds to its allure and exclusivity, making it a preferred choice for discerning buyers. Additionally, some consumers prioritize natural gemstones for their emotional significance and connection to nature, further driving demand for natural source moissanite.

Synthetic source moissanite is experiencing the highest compound annual growth rate (CAGR) in the Moissanite Market due to several factors. Advancements in gemstone synthesis technologies have led to the production of high-quality, visually appealing synthetic moissanite at a lower cost compared to natural sources. Additionally, the ethical and environmentally friendly nature of lab-created moissanite resonates with consumers seeking sustainable alternatives to traditionally mined gemstones. This, coupled with increasing acceptance and trust in synthetic gemstones, drives growth in this segment.

• Natural
• Synthetic

Moissanite End Use Segment Analysis

According to Cognitive Market Research, the dominating category is Jewellery & Ornaments. Jewelry & Ornaments end-use has captured the largest market share in the Moissanite Market due to several factors. Moissanite's popularity as a diamond alternative in fine jewelry, including engagement rings, earrings, and necklaces, contributes significantly to its dominance in this segment. Additionally, the versatility of moissanite allows for a wide range of designs and styles, appealing to diverse consumer preferences. The affordability of moissanite jewelry compared to diamonds further enhances its attractiveness in the jewelry & ornaments market.

Luxury Art end-use is experiencing the highest compound annual growth rate (CAGR) in the Moissanite Market due to several factors. As moissanite gains recognition as a high-quality gemstone with exceptional brilliance and durability, it is increasingly incorporated into luxury art pieces, including sculptures, decorative objects, and high-end home decor. The exclusivity and prestige associated with luxury art featuring moissanite appeal to affluent consumers seeking unique and aesthetically pleasing investments, driving growth in this segment.

• Jewellery & Ornaments
• Luxury Art
• Others

Moissanite Sales Channel Segment Analysis

According to Cognitive Market Research, the dominating category is Departmental Stores. Departmental Stores Sale Channel has captured the largest market share in the Moissanite Market due to its widespread accessibility and established retail presence. Department stores offer a diverse range of moissanite jewelry options, catering to a broad consumer base with varying preferences and budgets. Additionally, the reputation and trust associated with department stores, along with their comprehensive customer service offerings, instill confidence in consumers when making high-value purchases like moissanite jewelry, contributing to their dominance in the market.

Multi-Brand Stores Sale Channel is experiencing the highest compound annual growth rate (CAGR) in the Moissanite Market due to several factors. These stores offer a curated selection of moissanite jewelry from various brands, providing consumers with a wide range of choices under one roof. The convenience and diversity offered by multi-brand stores appeal to shoppers seeking unique designs and competitive pricing. Additionally, partnerships with multiple brands enable these stores to adapt quickly to changing consumer preferences, driving growth in this segment.

• Departmental Stores
• Multi-Brand Stores
• Exclusive Stores/ Franchises
• Exhibition
• Online Retailers
• Others

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion