Diamond, as the majority of us know, is a carbon allotrope, which is the hardest known substance on Earth, and is mostly used in the jewelry as a precious stone and is industrially used as an excellent abrasive and cutting agent. Its most unique quality as a gemstone is its fire which enhances its ornamental appeal and is attributed to its heightened ability to disperse light rays. Moving on to moissanite vs diamond, let's see if the former can really substitute the latter in terms of aesthetic appeal, industrial utility and - the biggest point of concern - cost.