PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1792791
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1792791
Global Moissanite Market to Reach US$57.3 Million by 2030
The global market for Moissanite estimated at US$43.3 Million in the year 2024, is expected to reach US$57.3 Million by 2030, growing at a CAGR of 4.8% over the analysis period 2024-2030. Round Shape, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$16.0 Million by the end of the analysis period. Growth in the Cushion Shape segment is estimated at 5.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$11.8 Million While China is Forecast to Grow at 8.8% CAGR
The Moissanite market in the U.S. is estimated at US$11.8 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$12.0 Million by the year 2030 trailing a CAGR of 8.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.9% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.
Global Moissanite Market - Key Trends & Drivers Summarized
What Is Driving Interest in Moissanite as a Gemstone Alternative?
Moissanite, a lab-created gemstone composed of silicon carbide, is gaining popularity as a substitute for diamonds in fine jewelry. Its appeal lies in its visual similarity to diamonds, exceptional brilliance, and lower price. Ethical sourcing concerns and the growing demand for sustainable luxury are also influencing consumer choices, with many opting for moissanite over mined gemstones. As awareness grows, moissanite is becoming a mainstream choice for engagement rings, fashion jewelry, and statement pieces.
Compared to diamonds, moissanite scores slightly lower on the Mohs hardness scale but offers higher refractive brilliance, giving it a sparkling, fire-like appearance. Jewelry buyers value its durability and affordability, making it accessible for a wider audience without sacrificing aesthetic quality. The gemstone’s growing reputation as an ethical, conflict-free alternative is resonating with younger, value-driven consumers seeking responsible purchases in the luxury market.
How Is Technology Influencing Moissanite Production and Design?
Advancements in laboratory processes have significantly improved the quality, clarity, and consistency of moissanite stones. Manufacturers now produce moissanite in a variety of cuts, colors, and sizes, enabling greater customization for both standard and bespoke jewelry designs. Controlled lab environments ensure a high degree of uniformity, minimizing the imperfections often found in natural stones. Some moissanite stones are created to appear near-colorless or with specific hues to suit market trends.
Jewelry designers are incorporating moissanite into traditional and modern settings, supported by precision cutting technologies that enhance brilliance and symmetry. With CAD tools and rapid prototyping, custom jewelry incorporating moissanite can be developed more efficiently than ever before. As digital retail expands, online platforms offer virtual try-ons and customization tools, making moissanite jewelry more accessible to global consumers who value design flexibility and visual appeal.
Where Is Demand Increasing and Who Are the Core Consumers?
Moissanite is attracting attention from cost-conscious consumers, ethically motivated buyers, and fashion-forward individuals seeking distinctive styles. Major demand comes from North America, where lab-grown gemstones have seen broader acceptance, particularly among millennials and Gen Z. E-commerce platforms and independent jewelers are helping spread awareness by offering moissanite jewelry in varied price ranges and styles.
Retail growth is also visible in parts of Europe and Asia-Pacific, where preferences are shifting towards sustainable luxury and non-traditional gemstone choices. Wedding and engagement jewelry remains the largest application segment, though moissanite is also being featured in everyday wear collections and upscale fashion lines. Men’s jewelry, such as cufflinks and rings, is another emerging segment using moissanite for its clean finish and modern aesthetic.
What Factors Are Driving Growth In The Moissanite Market?
Growth in the moissanite market is driven by several factors including increasing consumer preference for ethical and affordable alternatives to diamonds, rising interest in lab-grown gemstones, and improved access through digital retail channels. Demand from younger generations seeking responsible luxury products supports the shift toward moissanite. Technological enhancements in gemstone creation and jewelry customization are also helping jewelers meet diverse style and budget requirements.
Broader awareness of sustainability and social responsibility in supply chains is encouraging retailers to include moissanite in their offerings. Competitive pricing, high visual appeal, and reduced environmental impact further strengthen its position in both traditional and contemporary jewelry markets. As branding, education, and product variety improve, moissanite is likely to continue expanding its presence in global fine jewelry and consumer lifestyle segments.
SCOPE OF STUDY:
The report analyzes the Moissanite market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Shape (Round Shape, Cushion Shape, Oval & Pear Shape, Emerald & Asscher Shape, Marquise Shape, Hearts & Arrows Shape, Other Shapes); Source (Natural Source, Synthetic Source); Application (Jewelry & Ornaments Application, Luxury Art Application, Other Applications); Distribution Channel (Departmental Stores, Multi-Brand Stores, Exclusive Stores / Franchises, Online Distribution Channel, Other Distribution Channels)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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