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Charles & Colvard, Ltd. (Nasdaq: CTHR) is a pioneer in the fine jewelry industry, recognized globally as the original creator of lab-grown moissanite. Since its inception in 1995, the company has been synonymous with innovation, quality, and ethical practices. Headquartered in North Carolina's Research Triangle Park, Charles & Colvard produces and markets created gems and fine jewelry using exclusively Made, not Mined™ above-ground gemstones and 100% recycled precious metals.
Charles & Colvard's flagship products include the Forever Classic™, Forever Brilliant®, and Forever One™ moissanite gems. These gems exhibit superior fire, brilliance, and sparkle compared to fine diamonds, yet are available at a fraction of the cost. The company also offers Caydia® lab-grown diamonds, catering to a variety of jewelry needs from bridal to high fashion and everyday wear.
The company's operations are divided into two segments: the Online Channels and the Traditional segments. Through its e-commerce outlets—including charlesandcolvard.com and moissaniteoutlet.com—Charles & Colvard generates the majority of its revenue. It also sells its products through third-party online marketplaces, drop-ship retail, and other exclusively e-commerce outlets. In addition to online sales, their jewelry is distributed through fine jewelry stores, shopping networks, and catalogs, both domestically and internationally.
In recent developments, Charles & Colvard has reported a strong financial condition despite industry challenges. As of the latest fiscal quarter, the company maintains a robust cash position with no debt, ensuring stability and confidence among shareholders. The company has also announced strategic initiatives, including a new digital B2B trade portal, Charles & Colvard Direct, aimed at supporting independent jewelers and retailers. This platform offers the company's premium moissanite brands directly to the trade, bypassing traditional distributor models.
Another notable achievement is the exclusive strategic alliance with the International Gemological Institute (IGI). This collaboration introduces comprehensive grading reports for Charles & Colvard's moissanite gemstones, enhancing consumer confidence by providing standardized measures of quality and authenticity.
Charles & Colvard remains committed to its mission of delivering exquisite, ethical jewelry. Recent partnerships, such as the endorsement by actress Skyler Samuels, aim to enhance brand awareness and consumer education on the benefits of choosing lab-grown gems.
For more information, please visit www.charlesandcolvard.com.
Charles & Colvard, Ltd. (Nasdaq: CTHR) announced on April 25, 2023, that it has regained compliance with Nasdaq's minimum bid price listing requirement. The company confirmed that as of April 20, 2023, the minimum bid price of its common stock was at least $1.00 per share for the last 10 consecutive trading days. This achievement fulfills the Listing Rule 5550(a)(2) requirement, effectively closing the compliance issue. Charles & Colvard specializes in fine jewelry, particularly lab-grown diamonds and moissanite, and operates under the motto of ethical sourcing and sustainability.
Charles & Colvard, Ltd. (Nasdaq: CTHR) will host an investor conference call on May 4, 2023, at 4:30 p.m. ET to discuss its financial results for the quarter ended March 31, 2023.
The results will be released after the market closes on the same day. Interested parties can join the call by dialing (844) 875-6912 (US) or (412) 317-6708 (international). A live webcast will also be available on the company's Investor Relations site.
A teleconference replay will be accessible until May 11, 2023. Charles & Colvard specializes in lab-grown moissanite and diamonds, promoting ethical jewelry through their innovative brands.
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