Global Moissanite Market Predicted to Grow to Nearly $50 Million by 2025

March 07, 16 by David Brummer

(IDEX Online News) – The global market for moissanite is anticipated to grow to $48.84 million, according to the most recent report form Persistence Market Research.

North America dominates the current moissanite market and is expected to maintain its position over the next decade or so. In 2014, the North America moissanite market was valued at $22.47 million and is expected to reach $43.56 million by the end of 2025.

The research group’s study "Global Market Study on Moissanite: North America to Be the Most Lucrative Region and Also to Witness Highest Growth By 2025,” estimated the global market for moissanite at the end of 2015 to be valued at $26.8 million.

The report stated that current global demand is driven by a number of factors, including the resemblance of the material to diamonds, rising consumer awareness about it as a product, and increasing consumer interest in luxury jewelry. The report also said that the growth of the market may be inhibited by the development of other similar gemstones.

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