Global Musanite Jewelry Market Size is Expected to Reach $2711 Million In 2023

Carbonaceous silica, or natural silicon carbide, also known as Musanite, was named after Henri Moissan, who discovered it in a meteorite in 1892. 
At present, the market development of Musanite jewelry is still in its infancy. According to our research data, the global Musanite jewelry market is expected to reach $2711 million in 2023, among which the estimated size of the ring segment market is $896 million, with an estimated market share of 33.05%, making it the largest segment market. In the future, as consumers' awareness and acceptance of new jewelry products increase, market demand may gradually increase. It is expected that its market size will reach $4410 million by 2025.
Global Moissanite Jewelry Market Size Forecast and Market Segmentation Analysis  

Global Moissanite Jewelry Market Size Forecast and Market Segmentation Analysis

Source: www.globalmarketmonitor.com

From the perspective of market competition patterns, the concentration of the global carbon silica jewelry market is extremely low. Data shows that in 2020, the total share of carbon-silicon jewelry production value of the top 3 enterprises in the industry was only 5.77%. The top 3 companies were Guangdong Mahengtai Investment Co., Ltd., Vitamoss, and Charles and Colvard. In 2020, the three companies accounted for 2.97%, 1.52%, and 1.28% of the global market's carbon silicon jewelry production value, respectively. In the future, with the continuous expansion of the market and intensified competition, differentiation of brands and products will become the key to competition.

Moissanite Jewelry Production Value Share of Major Enterprises in 2020

Enterprises

Production Value Share

Guangdong Mahengtai Investment Co., Ltd.

2.97%

Vitamoss

1.52%

Charles and Colvard

1.28%

Top3

5.77%

Source: www.globalmarketmonitor.com

With the continuous upgrading of people's demand for jewelry, the market prospects of new jewelry products such as Moissanite jewelry will be even broader. At the same time, with the popularization of environmental protection concepts and the increasing recognition of environmentally friendly products by consumers, the market competitiveness of carbon silica jewelry will gradually enhance. Overall, the carbon silica jewelry market has broad development prospects and potential.

For more information, please click: 《2023 Global Jewelry Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast》.

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