Moissanite Market Size, Share, Opportunities, And Trends By Application (Earrings, Rings, Pendants, Bracelets), And By Geography - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061610336
- Pages : 114
Moissanite Market will witness robust growth over the forecast period. Moissanite is a lab-created gemstone that is considered to be a diamond substitute by consumers. The former has properties and characteristics similar to that of a diamond and is available for the about one-tenth price of a standard diamond. Rising disposable income along with growing demand for pocket-friendly luxurious jewelry products is propelling the growth of the global Moissanite market. Rising awareness among consumers about moissanite gemstone as a substitute for diamond, coupled with a growing distribution network will further fuel the demand for moissanite globally in the forthcoming years. By application, rings and earrings segments will show robust growth of bigger and multi-colored moissanite stones, thereby impacting the overall growth of the global moissanite market. Geographically, North America holds the largest market share due to a shift in the preference of consumers from expensive synthetic diamonds to luxurious yet cost-effective jewelry products. Europe will witness significant market growth over the forecast period. This is because, unlike moissanite, some synthetic diamonds like Cubic Zirconia lose their shine after a certain period of time a result of which consumers in Europe are increasingly adopting moissanite stone as a substitute for synthetic diamonds. However, the emergence of new technologies for creating other diamond-like gemstones will hinder the growth of the global moissanite market during the forecast period.
Research Methodology
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used, and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Market Dynamics
The next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities that exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations that are determining the market growth, and a brief technological aspect of moissanite. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Market Players
Finally, the competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Charles & Colvard, Joalan Design, EUROGROUP, Gems India, Shenzhen Staryee Jewelry Design Co., Ltd., and McGhee’s among others.
Segmentation
Thirdly, the Global Moissanite market has been segmented by application and geography as follows:
- By Application
- Earrings
- Rings
- Pendants
- Bracelets
- By Geography
- Americas
- North America
- South America
- Europe Middle East and Africa
- Europe
- Middle East and Africa
- Asia Pacific
Joalan Design
EUROGROUP
Gems India Ltd.
Shenzhen Staryee Jewelry Design
McGhee’s
Sand Diamond
Shandong Lily Group Ltd.
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