Moissanite Market

Global Moissanite Market: Introduction

Moissanite is the crystalline form of silicon carbide, renowned for its exceptional hardness, optical properties, and thermal conductivity. While moissanite occurs naturally, it is extremely rare—most commercially available moissanite today is lab-created.

Natural moissanite is primarily found in kimberlite igneous rocks in South Africa and can also be present in meteorites. However, natural specimens are typically unsuitable for gemological use due to difficulties in faceting.

With diamond-like brilliance and extraordinary durability, moissanite has become a popular diamond alternative. It’s available in various colors, including green, yellow, and blue, offering both aesthetic versatility and remarkable physical properties.

Moissanite Market: Overview

Based on source, the moissanite market can be classified into natural and synthetic. In terms of application, the moissanite market can be classified into jewelry and others. In jewelry, moissanite is used as a substitute for diamond in rings, earrings, bracelets, and pendants. It is preferred over other alternatives for diamond, as it does not exhibit yellowing over a period of time. Electronic devices containing moissanite (silicone carbide) are employed in protection circuits of motors, energy storage systems, and actuators. Moissanite is used in turbine blades, crucibles, and furnaces, wherein chemical resistance as well as temperature resistance are desired.

Moissanite Market: Market Trends & Developments

Moissanite is widely used in experimental setups where diamond-like performance is needed at a lower cost. Key applications include:

High-pressure research: Used as anvil and gasket materials in pressure chambers and diamond anvil cells
Optical windows: Serves as transparent viewing ports in high-pressure apparatus
Radiation dosimetry: Being explored as a potential material for retrospective and forensic dose measurement

Moissanite Market: Regional Outlook

Geographically, the global moissanite market has been segmented into five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The global moissanite market is expected to witness significant growth during the forecast period. North America is the largest region for moissanite market. The region is estimated to witness the highest increase in the demand for moissanite across the world during the forecast period.