Global Moissanite Jewellery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Moissanite Jewellery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The raw material is one of the most important factors of Moissanite jewelry. The raw material of Moissanite jewelry is a gem that can be cultivated in artificial laboratories. Moissanite is divided into natural and artificial. Moissanite is synthetic on the market. Natural moissanite is very rare and only appears in the crater. The color is mostly dark green and black. The appearance of artificial moissanite is very similar to that of natural diamonds, and it is difficult to distinguish with the naked eye. It is also an artificial gemstone with the closest physical properties to natural diamonds.

Market Overview:

The latest research study on the global Moissanite Jewellery market finds that the global Moissanite Jewellery market reached a value of USD 2104.39 million in 2022. It’s expected that the market will achieve USD 8563.0 million by 2028, exhibiting a CAGR of 26.35% during the forecast period.

Influence of COVID-19 Outbreak on Moissanite Jewellery Industry Development

The new coronavirus not only threatens the lives of people all over the world, causing social anxiety and pessimism, but also affecting the global industrial chain. Pessimists predict that the world economy will never be the same as in the past. This conclusion has certain basis. Since the outbreak of the epidemic in Wuhan, China, China has immediately ceased production and a large number of laborers have ceased business at home. Even during the Spring Festival, the difficulty of controlling the epidemic clearly exceeded China's ability, causing China's economic activities to be suspended for nearly three months.
After the epidemic, many companies were forced to lay off employees, and a large number of laborers faced the risk of unemployment or wage cuts. But this is not necessarily bad news for moissanite jewellery. Although people's purchasing power is expected to decline, there is still demand downstream. After all, compared with diamonds and other expensive jewelry, moissanite jewellery is cheaper and has a good appearance and texture, which may become the best choice in the current economic situation.

Drivers

With economic development, technological progress, improvement of people's living standards and improvement of consumers' purchasing power, people are willing to spend a lot of money on luxury goods to improve their quality of life. Elegance, fashion, and noble taste are no longer unique to residents of developed countries and high society, but have become a common demand of the public.
Moreover, millennials are just entering the period of starting a family, and engagement rings and wedding rings are a necessity. But most millennials are middle class, with mortgages and car loans. Faced with expensive diamonds, they often feel helpless. Moissanite is the closest to diamond in both appearance and texture, but the price is often only one-tenth that of diamond. Under the same budget, consumers can choose larger and better-quality moissanite. At the same time, Moissanite is artificially cultivated in the laboratory. Unlike diamonds that may be bloodied during the production process, moissanite is more sustainable. Therefore, for millennials who are very concerned about environmental protection, moissanite jewellery is a better choice.

Limitations

The media and merchants claim the benefits of Moissanite, which has been described as the best substitute for diamonds. Admittedly, Moissanite does have some advantages, and it indeed can replace diamonds when exercising decorative functions. Then, consumers, especially female consumers, wear jewelry for more than decoration. Because diamonds are produced naturally and are very scarce, the price can sometimes reach several to dozens of times the price of moissanite. Therefore, wearing diamond jewelry has become a symbol of high-standard economic conditions and social status. Male consumers are proud of their ability to buy diamonds for their girlfriends, fiancées, wives, and even mothers, thereby gaining psychological satisfaction. This what moissanite jewelry cannot achieve.

Region Overview:

In 2022, the share of the Moissanite Jewellery market in China stood at 27.11%.

Company Overview:

Guangdong Mahengtai Investment Co., Ltd. is one of the major players operating in the Moissanite Jewellery market, holding a share of 2.98% in 2023.

Guangdong Mahengtai Investment Co., Ltd.

Guangdong Mahengtai Investment Co., Ltd. is a Chinese company. Vizuanhui is its brand. Vizuanhui specializes in Mosangite jewelry, including rings, pendants, earrings, and bare stones; it also provides customized services.

Vitamoss

Vitamoss is a brand of Shenzhen Jinxin Fengli Jewelry Co., Ltd. Shenzhen Jinxin Fengli Jewelry Co., Ltd., Shenzhen, China, established in 2014, is a high-tech R & D type focusing on R & D and production of various types of artificial diamonds Jewelry business.

Segmentation Overview:

By type, Rings segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Offline Retail Store segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Moissanite Jewellery market covered in Chapter 3:

Trans Gems
Moissy Fine Jewellery
Debebians
Karat Jewelry Group
Guangdong Mahengtai Investment Co., Ltd.
Charles and Colvard
Vitamoss
My Moissanite Inc
Trabert Goldsmiths

In Chapter 4 and Chapter 14.2, on the basis of types, the Moissanite Jewellery market from 2018 to 2029 is primarily split into:

Rings
Earrings
Bracelets
Pendants
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Moissanite Jewellery market from 2018 to 2029 covers:

Online Store
Offline Flagship Store
Offline Retail Store
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)