Charles & Colvard Names Lein to Board Jun 30, 2009
Charles rd makes moissanite, a laboratory-created jewel that is nearly colorless and is sold primarily through U.S. and international retailers. Shares of Morrissville, N.C.-based Charles rd fell a penny to 50 cents a share. (ABC News -- Wire)
No shine on C&Cs earnings May 6, 2009
Charles & Colvard (Nasdaq: CTHR) is the sole provider of the manmade jewel moissanite, but demand for the diamond-like product has dropped as the economy has tanked ... We are experiencing sharply reduced sales and sales prospects, particularly with some of our larger existing customers and primarily due to higher than desired inventories of moissanite jewelry at retailers, but also due to bankruptcies and financial challenges facing retailers, CEO Richard A. Bird said in a statement. (Triangle Business Journal)
Charles & Colvard swings to loss; shares slump Feb 23, 2008
Charles & Colvard is a Morrisville company that manufactures and sells moissanite, a man-made gem similar to a diamond. The company sells the materials to jewelry manufacturers, who in turn sell finished pieces to retailers. (Raleigh Triangle Business Journal, NC)
Moissanite sparkles in media spotlight Oct 7, 2007
Moissanite is a lab-created gemstone the company is selling to more than 100 jewelers internationally. "This product is very compelling," said Jeff Hunter, chairman and chief executive officer of C3 Inc. "It's brand new to the jewelry industry, and the jewelry industry seeks new.". (Raleigh Triangle Business Journal, NC)
Jeweler pays for 'bad deed' Sep 29, 2007
Colonie police investigated the case and have said at least two customers of Spinelli's ended up with moissanite: a flawless-looking synthetic dupe that experts say would be nearly impossible for a novice to identify. Soares acknowledged the restitution checks likely wouldn't make up for victims' losses, but he told them he hoped it would bring some closure. (Albany Times Union)
Analyst initiates coverage, sees value in moissanite maker Jun 16, 2007
Chris Krueger, senior analyst at , wrote bullishly on Charles & Colvard's primary product, the synthetic, diamond-like gem moissanite. His report states that Charles & Colvard eventually can meet its goal of capturing 1 percent of the U.S. jewelry market, which would give it $300 million in annual sales. (Triangle Business Journal)
Prison, home sale for thief Mar 30, 2007
Instead of diamonds, police say customers often ended up with moissanite - a flawless-looking synthetic dupe that experts say even fools some detectors and would be nearly impossible for a novice to identify. Moissanite sells for between $400 and $500 a carat. (Albany Times Union)
Colonie jeweler will serve 3 to 9 year prison term Mar 29, 2007
In one case, he was handed a 73-year-old family stone for re-setting and replaced it with moissanite, a manufactured stone that can fool people into thinking it's a real diamond. Spinelli also failed to pay state personal income taxes in 1999, 2000 and 2001, according to Soares. (Albany Business Review, NY)
Is that rock real? Feb 8, 2007
His store specializes in moissanite, the alternative to the classic diamond ... Moissanite's appearance and many of its properties rival diamonds, so much so, that a thermal diamond sensor can't even detect its fake ... NewsChannel 4 photographer Kevin Josefy took a moissanite ring and an undercover camera to seven metro jewelers. (KFOR Oklahoma City, OK)
