For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Market Overview of Global Moissanite Jewellery market:
According to our latest research, the global Moissanite Jewellery market looks promising in the next 5 years. As of 2022, the global Moissanite Jewellery market was estimated at USD 2104.39 million, and it's anticipated to reach USD 8563.0 million in 2028, with a CAGR of 26.35% during the forecast years.
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.
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.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Moissanite Jewellery market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Moissanite Jewellery Market Report:
Market Size Estimates: Moissanite Jewellery market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Moissanite Jewellery market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Moissanite Jewellery market
Segment Market Analysis: Moissanite Jewellery market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Moissanite Jewellery market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Moissanite Jewellery Market: Revenue and sales volume of major countries in each region
Moissanite Jewellery Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Moissanite Jewellery market in major regions.
Moissanite Jewellery Industry Value Chain: Moissanite Jewellery market raw materials & suppliers, manufacturing process, distributors, downstream customers
Moissanite Jewellery Industry News, Policies & Regulations
Key players in the global Moissanite Jewellery market are covered in Chapter 12:
Debebians
Vitamoss
Trabert Goldsmiths
Charles and Colvard
Karat Jewelry Group
Trans Gems
Moissy Fine Jewellery
Guangdong Mahengtai Investment Co., Ltd.
My Moissanite Inc
In Chapter 2 and Chapter 15.1, based on types, the Moissanite Jewellery market from 2018 to 2028 is primarily split into:
Rings
Earrings
Bracelets
Pendants
Others
In Chapter 3 and Chapter 15.2, based on applications, the Moissanite Jewellery market from 2018 to 2028 covers:
Online Store
Offline Flagship Store
Offline Retail Store
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Moissanite Jewellery market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028