Profile: Charles & Colvard Ltd (CTHR.OQ)
18 Jun 2019
Charles & Colvard, Ltd., incorporated on June 28, 1995, manufactures, markets and distributes Charles & Colvard Created Moissanite jewels (moissanite) and finished jewelry featuring moissanite. The Company's segments are Wholesale, Moissanite.com and Charles & Colvard Direct. The Company sells loose moissanite jewels and finished jewelry at wholesale to distributors, manufacturers and retailers, and at retail to end consumers through its operating subsidiaries. The Company manages its business primarily through its three distribution channels that it uses to sell its product lines, loose jewels and finished jewelry, which included Charles and Colvard Direct, LLC.
The Company sells loose moissanite jewels and finished jewelry featuring moissanite at wholesale to retailers, television (TV) shopping networks, and designers to be sold to end consumers and directly to consumers through its e-commerce sales channel Moissanite.com and third-party marketplaces. The Company primarily sells near-colorless moissanite jewels, including Forever Classic and Forever Brilliant. The Company offer these products in a range of shapes, including round, square brilliant, princess, cushion, radiant, pear, marquise, heart, and oval, among others, in sizes ranging from 1.3 to 12 millimeters (0.008 to 5.3 carats). The Company also offers Forever One, a colorless moissanite jewel. The Company's finished jewelry basic designs include stud earnings, solitaire and three-stone rings, pendants, and bracelets. The Company also develops several pieces of jewelry in alternative metals, such as sterling silver and palladium. The Company's moissanite jewels are made from gem-grade SiC crystals.
The Company competes with DeBeers, Sumitomo, GE, Chatham, Diamond Foundry, Apollo Diamonds, The Carborundum Corporation, Cree, Siemens AG, Norstel, Bridgestone, ABB, Dow Chemical, SiC Crystal AG, Northrop Grumman Corporation, David Yurman, Tacori, Harry Winston, Tiffany & Co. and Pandora.
Charles & Colvard Ltd
170 Southport Dr
MORRISVILLE NC 27560-7327