Charles
& Colvard, Ltd. (NASDAQ:CTHR), the sole source of created
moissanite and Forever Brilliant®, The
World’s Most Brilliant Gem®, has now made its new Survivor
Collection™ available for purchase online at LuluAvenue.com,
Charles & Colvard’s direct sales division.
The Survivor Collection™ features unique and beautiful three-stone
jewelry designs celebrating a cancer survivor’s journey. These exclusive
designs consist of two brilliant, clear Forever Brilliant®
stones flanking a pink center, signifying life before the
diagnosis, the journey through treatment, and the magical moment when
the doctor says you are clear.
The inspiration for the Survivor Collection™ came from a true story of
two special friends, one battling cancer and the other supporting and
championing her friend through her struggle, and the search for
something special to symbolize the brilliant promise of the future ahead.
Susan K. Paist, President of SKP Concepts, Inc., said, “The Survivor
Collection™, inspired by my relationship with my friend, offers cancer
survivors a new and unique way to celebrate their fight and survival. I
feel Forever Brilliant® is the ideal gemstone with which to
craft the special survivor pieces that will inspire conversations for
years to come. My choice of Forever Brilliant® gems created
by Charles & Colvard, a unique, near-colorless gem that is distinct from
other gemstones, is based on its exceptional fire, brilliance, luster,
durability and rarity. The collection is unique to the market with
suggested retail pricing from $189.99, which vary by retailer depending
on settings and stone sizes. The Survivor Collection™ is beautiful,
brilliant and impressive, just like the survivors it celebrates. I am
honored to be involved with this project.”
Charles & Colvard will donate five percent of retail sales of
Survivor Collection™ merchandise to the Breast Cancer Research
Foundation. Additionally, an alliance was formed with the Women
Survivors Alliance resulting in the Survivor Collection™ debuting last
month at The National Women’s Survivors Convention at the Gaylord
Opryland Resort and Convention Center in Nashville, Tennessee. The
National Women’s Survivors Convention brings together women survivors of
all ages, all stages and all cancers.
Randy N. McCullough, Chief Executive Officer of Charles & Colvard, said,
“We intend for the Survivor Collection™ to be a wonderful way to
celebrate cancer survival and aid research. We have been eager to form a
cause-related partnership for Forever Brilliant, and relationships with
the Breast Cancer Research Foundation and the Women Survivors Alliance
provide us the opportunity to support cancer for women in a meaningful
way. We hope women will be inspired to share their personal stories
through our Survivor Collection™ jewelry, and are encouraged to do so at www.survivor-collection.com/mysecondact.”
Mr. McCullough continued, “We are thrilled to have commitments to sell
our new collection in both Boscov’s 43 department stores throughout the
states of Pennsylvania, New Jersey, Maryland, New York, Delaware and
Ohio, and Rogers & Hollands and Ashcroft & Oak Jewelers, a family-owned
and operated fine jewelry business with almost 80 stores operating in
the greater Midwest. Additionally, we look forward to expanding our
retail base to other select independent jewelers throughout the United
States and Canada, as the initial reception we have received from
retailers about the Collection has been overwhelmingly positive.”
For more information about the Survivor Collection™, please visit www.survivor-collection.com.
For information on where to purchase the Survivor Collection™, please
visit http://www.survivor-collection.com/where_to_buy.
About Charles & Colvard, Ltd.
Charles & Colvard, Ltd., is the global sole source of moissanite, a
unique, near-colorless created gem that is distinct from other gems 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.
Forward-Looking Statement
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, timing of product launches, 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; the impact of
the execution of our business plans on our liquidity; 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, including
regulations related to conflict minerals; 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, 2013 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 2014