Charles & Colvard, Ltd.

Charles & Colvard, Ltd. is a North Carolina corporation founded in 1995, operating as a globally recognized fine jewelry company specializing in lab created gemstones. The company manufactures, markets, and distributes Charles & Colvard Created Moissanite®, which it introduced nearly three decades ago. In 2015, Charles & Colvard debuted the world's first colorless moissanite and its premium moissanite gemstone brand, Forever One™. In September 2020, the company expanded into the lab grown diamond market with the launch of Caydia®, its brand of premium lab grown diamonds. Charles & Colvard offers gemstones and finished jewelry featuring its proprietary moissanite jewels, premium lab grown diamonds, created color gemstones, and lab grown diamonds in color. These products are sold in the worldwide fine jewelry market through two operating segments. The Online Channels segment includes digital properties such as charlesandcolvard.com, moissaniteoutlet.com, charlesandcolvarddirect.com, and madenetwork.com websites, along with e-commerce outlets, marketplaces, drop-ship customers, and other pure-play e-commerce customers. The Traditional segment consists of domestic and international distributors and retail customers, including end-consumers through its first Charles & Colvard Signature Showroom, which opened in October 2022. The company reports segment information based on the "management" approach.