Charles
& Colvard, Ltd. (NASDAQ:CTHR), the exclusive global supplier of
the Forever Brilliant® moissanite gem, has
entered into a distribution agreement with Zale Corporation, a
Texas-based company known for its friendly customer service, doing
business since 1924, and Gordon’s Jewelers, a division of Zale
Corporation doing business since 1905, to directly supply Forever
Brilliant® moissanite fine jewelry in 14-karat
gold to both retailers’ e-commerce sites just in time for the busy
holiday shopping season.
“Our partnership with Zale Corporation and Gordon’s Jewelers, both
exceptional U.S. jewelry retailers, is timely as Charles & Colvard
continues to expand channel offerings and increase consumer awareness of
moissanite,” said Randy N. McCullough, CEO at Charles & Colvard. “For
more than 150 years, combined, Zales and Gordon’s Jewelers has provided
customers with superior service and high-quality jewelry, and the
availability of Forever Brilliant® moissanite
in their online stores is a testament to the growing excitement for our
proprietary gemstone.”
“Bringing Forever Brilliant® moissanite jewelry
to Zales and Gordon’s Jewelers’ online customers is designed to give
consumers increased access to moissanite,” said Steve Larkin, COO of
Charles & Colvard. “We believe that this is the perfect opportunity to
build awareness of our finest brand of Moissanite, Forever Brilliant®
through these fine retailers. We look forward to bringing our
proprietary Forever Brilliant gem to the many Zales and Gordon’s
Jewelers’ consumers and satisfying their demand for beautiful 14-karat
gold Forever Brilliant® moissanite stud
earrings, solitaire rings, bridal, and fashion fine jewelry through
Zales and Gordon’s online stores.”
More information about the entire Charles & Colvard moissanite line is
available at www.charlesandcolvard.com.
About Charles & Colvard:
Charles & Colvard, Ltd., based in the Research Triangle Park area
of North Carolina, is the global sole source of moissanite, a unique,
near-colorless created gemstone that is distinct from other gemstones
and jewels based on its exceptional fire, brilliance, luster,
durability, and rarity. Charles & Colvard Created Moissanite® and Forever
Brilliant® are currently incorporated into fine
jewelry sold through domestic and international retailers and other
sales channels. Charles & Colvard, Ltd.'s common stock is listed on the
NASDAQ Global Select Market under the symbol “CTHR.” For more
information, please visit www.charlesandcolvard.com.
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Statements
expressing expectations regarding our future and projections relating to
products, sales, revenues, and earnings are typical of such statements
and are made under the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, but are not limited to,
statements about our plans, objectives, representations, and contentions
and are not historical facts and typically are identified by use of
terms such as “may,” “will,” “should,” “could,” “expect,” “plan,”
“anticipate,” “believe,” “estimate,” “predict,” “continue,” and similar
words, although some forward-looking statements are expressed
differently.
All forward-looking statements are subject to the risks and
uncertainties inherent in predicting the future. You should be
aware that although the forward-looking statements included herein
represent management’s current judgment and expectations, our actual
results may differ materially from those projected, stated, or implied
in these forward-looking statements as a result of many factors
including, but not limited to, our dependence on consumer acceptance and
growth of sales of our products resulting from our strategic
initiatives; dependence on a limited number of customers; our ability to
fulfill orders on a timely basis; the financial condition of our major
customers; dependence on Cree, Inc. as the sole current supplier of the
raw material; our current wholesale customers’ potential perception of
us as a competitor in the finished jewelry business; intense competition
in the worldwide jewelry industry; general economic and market
conditions, including the current economic environment; risks of
conducting business in foreign countries; the pricing of precious
metals, which is beyond our control; the potential impact of seasonality
on our business; our ability to protect our intellectual property; the
risk of a failure of our information technology infrastructure to
protect confidential information and prevent security breaches; possible
adverse effects of governmental regulation and oversight; and the
failure to evaluate and integrate strategic opportunities, in addition
to the other risks and uncertainties described in our filings with the
Securities and Exchange Commission, or the SEC, including our Annual
Report on Form 10-K for the fiscal year ended December 31, 2012 and
subsequent reports filed with the SEC. Forward-looking statements
speak only as of the date they are made. We undertake no
obligation to update or revise such statements to reflect new
circumstances or unanticipated events as they occur except as required
by the federal securities laws, and you are urged to review and consider
disclosures that we make in the reports that we file with the SEC that
discuss other factors relevant to our business.
Copyright Business Wire 2013