Global Moissanite Market Forecast to Rise From $39.7 Million (2025) to $62.9 Million by 2031

 

Source: Absolute Reports

 

Moissanite, often promoted as an ethical and cost-effective alternative to diamonds, has seen accelerating demand in jewellery markets worldwide. Analysts attribute the growth to shifting consumer priorities, particularly the increasing focus on sustainability and affordability.

 

The report underlines that younger buyers, particularly millennials and Generation Z, are driving the surge in moissanite sales. These groups often prioritise transparency in sourcing and environmental responsibility, making moissanite an attractive choice compared to traditionally mined stones.

 

“Consumers are not only looking for brilliance and durability in jewellery,” the report noted, “but also reassurance that their purchases align with modern ethical standards.”

 

While diamonds remain dominant in the global market, moissanite’s competitive pricing is helping it secure a stronger position. Engagement rings, necklaces, earrings, and fashion pieces featuring moissanite are gaining traction, especially in markets such as the UK, where demand for sustainable luxury is rising.

 

Jewellers have been quick to respond, expanding their offerings with moissanite collections that rival diamond designs in style and craftsmanship. The stone’s hardness, measured at 9.25 on the Mohs scale, adds to its appeal, ensuring long-term wearability.

 

North America continues to hold the largest market share, but the UK and wider European markets are expected to see faster adoption during the forecast period. Analysts say that shifting lifestyle preferences, combined with rising awareness of artificial gemstones, will push demand steadily upward across the region.

 

In the Asia-Pacific region, growing disposable incomes and evolving fashion trends are also fuelling interest. The report indicates that emerging economies will play a critical role in sustaining global growth through 2031.

 

The projected growth presents opportunities for jewellery retailers, manufacturers, and designers. Increased investment in product innovation, marketing campaigns emphasising sustainability, and expansion of distribution channels are expected to shape the competitive landscape.

 

Analysts believe that brands that position moissanite as both affordable and aspirational will be best placed to benefit. With demand steadily rising, the gemstone is moving from a niche product into the mainstream.

 

By 2031, the global moissanite market is forecast to be worth $62.9 million, nearly double its current value. The figures underscore the shifting dynamics of the jewellery industry, where consumer choice is expanding beyond traditional diamonds.

 

For the UK market, the trend points to strong opportunities for jewellers and brands that adapt quickly to changing expectations. As consumer confidence grows, moissanite is expected to secure a lasting position as a preferred gemstone in the global luxury market.