The most recent diamond substitute developed is Moissanite, a substance originally discovered in a meteorite, or shooting star, that fell to earth. While moissanite is used in jewelry as a diamond substitute, many experts feel it to be even more beautiful than the gemstone itself. Moissanite has a similar pattern of refraction to diamonds, however unlike diamonds, it is hexagonal -- which, means its facet edges are doubled when compared to diamonds, producing a stone that is twice as glittering as its counterpart. As those in the know would say, moissanite offers a gem with twice the fire of a diamond. While the limited availability of moissanite makes it more expensive than cubic zirconia, it is still considerably cheaper than real diamonds. Choosing moissanite will give your ring twice the sparkle at a much-reduced price.

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