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Charles & Colvard, a fine jewelry company specializing in moissanite and lab-grown diamonds, reported third-quarter fiscal year 2024 financial results. Despite a challenging quarter, the company remains focused on growth through strategic initiatives and technology investments. They saw growth in repeat customers and positive responses to new products and marketing efforts. The company introduced new gemstone brands, expanded product lines, and partnered with a celebrity brand ambassador. However, they experienced a 21% decrease in net sales, primarily in the Traditional segment. Gross profit margin declined to 23%, and operating expenses increased by 13%. The net loss was $3.6 million for the quarter, with cash and inventory decreasing.