Global Moissanite Market: Growing Trade Among Emerging Economies Opening New Opportunities to 2020-2027
Increase in disposable income and rise in trend of precious stones and jewelry as a status symbol are appealing to consumers and attracting them toward choosing a premium product. Diamond is a precious stone and cost is expensive than any other stones, moissanite is used as a substitute for diamond in rings, earrings, bracelets, and pendants. These following factors drive the market growth at a global level. As some of its properties are quite similar to diamonds, moissanite can be used for scams, which hampers growth of the market. Market players are bringing in innovations in products using technology advancements and design enhancements to keep the demand constant.
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New products that contain improved capabilities have been launched by leading market players. They have been focusing on market developments and trends, in terms of advancements of manufacturing process and increase in product lines as per diverse consumer demands.
The key market players profiled in the report include Charles & Colvard, Moissanite International, Wholesale Moissanite, Amora, HRB Exports, Viktor K mmerling, Stars Gem, Wuzhou Changsheng Gems, Unimoss, America Cree, Transgems and C3.
North America is anticipated to hold the largest market share of the moissanite market, in terms of sales and growth. Increase in demand for moissanite products as a diamond and rise in disposable income is the key growth factor for the moissanite market.
North America (the US, Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific)
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COVID-19 Scenario Analysis:
• Owing to the COVID-19 outbreak, the demand for moissanite has witnessed a low in the market, closure of jewelry stores in the lockdown period impacts inconsistent growth of the bra market at a global level.
• The lockdown has impacted manpower and resource availability, which has affected scale of production in the moissanite industry.
• Due to restrictions on transport, the supply channel system of the moissanite market has been affected.
Key Segments Covered:
• Round Brilliant
• Square Brilliant
Key Benefits of the Report:
○ This study presents the analytical depiction of the moissanite market along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global moissanite market share.
○ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Moissanite market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed global moissanite market analysis based on competitive intensity and how the competition will take shape in the coming years.
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