Global Moissanite Market, 2015 to 2025

Global Moissanite Market, 2015 to 2025
Persistence Market Research
Global Moissanite Market is Expected to Be
Valued At US$ 48,837.2 Mn by 2025:
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Global Moissanite Market, 2015 to 2025
Persistence Market Research Released New Market Report According to a new market report
published by Persistence Market Research “Global Market Study on Moissanite: North
America to Be the Most Lucrative Region and Also To Witness Highest Growth By
2025,” the global moissanite market is estimated to be valued at US$ 26,800.5 Mn by the
end of 2015 and is anticipated to expand at a CAGR of 6.2% from 2015 to 2025, to account
for US$ 48,837.2 Mn by 2025.
Moissanite is a lab-created gemstone that is generally perceived as a diamond substitute by
consumers. Moissanite is composed of silicon carbide and is created through a thermal
process that is patented by Charles & Colvard Ltd., the only manufacturer of moissanite
across the globe. Moissanite, a synthetic diamond, has been estimated to account for
around 1.6% share of the overall gemstone market by 2015 end.
Currently, the global moissanite market across the world is mainly driven by factors, such as
resemblance of the product as diamond, rising consumer awareness about the product, and
increasing consumer inclination towards luxurious jewelry products. However, factors such
as the emergence of new technologies for creating other similar gemstones may restrain the
market growth over the forecast period. The global moissanite market is anticipated to
expand at a CAGR of 6.2 % from 2015 to 2025, to account for US$ 48,837.2 Mn by 2025.
On the basis of application, the moissanite market has been segmented into rings, earrings,
bracelets, and pendants. The rings segment is expected to account for 80.4% share of the
global moissanite market by 2015 end, and is expected to register a moderate CAGR of 6.5%
in terms of value over the forecast period (2015–2025). There has been a stupendous rise in
adoption of moissanite in rings, which are the most preferred products among consumers,
who buy them as gifts for their partners or mothers, in turn driving the segment growth in
the near future. Earrings segment has been estimated to account for 9.8% value share of
the overall market by 2015 end and is expected to register a CAGR of 6.0% in terms of value
over the forecast period.
On the basis of region, the moissanite market is segmented into North America, Latin
America, Asia-Pacific, Europe, and the Middle East & Africa. Among these, North America is
expected to account for 88.2% value share of the global moissanite market by 2015 end.
The market in the region is expected to expand at CAGR of 6.3% in terms of value during the
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Global Moissanite Market, 2015 to 2025
forecast period. Increasing consumer preference for pocket-friendly luxurious jewelry
products is expected to fuel the growth of the market in the North America region over the
forecast period.
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The report provides detailed information about the various trends driving each market
segment and offers analysis and insights into the potential of the global moissanite market
in specific regions.
View Detail Report With TOC: http://www.persistencemarketresearch.com/marketresearch/moissanite-market.asp
Currently, Charles & Colvard, Ltd is the only player operating in the market. Meanwhile, Cree
Inc. and Norstel AB are the key raw material suppliers in the global moissanite market.
The global moissanite market is segmented as follows:
By Application Type

Rings

Earrings

Pendants

Bracelets
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By region

North America

Latin America
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Global Moissanite Market, 2015 to 2025

Europe

Asia Pacific

The Middle East and Africa
Market History:
Moissanite is a lab-created gemstone that is generally perceived as a diamond substitute by
consumers. Moissanite is composed of silicon carbide and is created through a thermal
process that is patented by Charles & Colvard Ltd, the only manufacturer of Moissanite
across the globe. Moissanite has a refractive index of 2.65. Its hardness on Mohs scale is 9.5,
which makes Moissanite highly scratch-resistant. Moissanite is available at one-tenth price of
the diamond. The differences between the two stones are pretty difficult to spot and can
only be detected by a trained eye. Moissanite is also more durable and does not exhibit a
yellowish color, unlike other diamond substitutes after a definite period of time.
The global moissanite market is anticipated to grow from US$ 25,500.0 Mn in 2014 to US$
48,837.2 Mn by 2025, expanding at a CAGR of 6.2% during the forecast period (2015–2025).
Rising disposable income, coupled with increasing the inclination of consumers towards
pocket-friendly luxurious jewelry products is expected to drive the global market growth over
the forecast period. In addition, rising consumer adoption of moissanite as a gemstone
similar to diamond is further expected to fuel the market growth.
In 2014, the rings segment was valued at US$ 20,425.5 Mn and is expected to account for
US$ 40,602.3 Mn by the end of 2025. The earrings segment is also expected to expand at a
favorable growth rate over the forecast period. The earrings segment was valued at US$
2,524.5 Mn in 2014 and is expected to reach US$ 4,468.6 Mn at the end of 2025. The rise in
an adoption of bigger and multi-colored moissanite stone studded earrings is expected to
drive the segment growth over the forecast period.
In 2014, the North America moissanite market was valued at US$ 22,465.5 Mn and is
expected to reach US$ 43,556.2 Mn by the end of 2025. In terms of value, the market in the
region is expected to account for the highest CAGR of 6.3% over the forecast period,
followed by the Europe market. Unlike moissanite, other synthetic diamonds such as cubic
zirconia lose their luster after a certain period of time, due to which consumer preference in
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Global Moissanite Market, 2015 to 2025
Europe is shifting towards the moissanite stone, which is expected to fuel the market growth
across the region further over the forecast period.
Currently, Charles & Colvard, Ltd. is the only player operating in the market. Meanwhile,
Cree Inc. and Norstel AB are the key raw material suppliers in the global moissanite market.
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