Skip navigation

Moissanite Sales Up

By JCK Staff
Posted on April 27, 2012
Printer-friendly versionsend to friend
Moissanite Sales Up

Charles & Colvard announced that its first quarter net sales ended March 31 are up 40 percent compared to the same period last year, to $4.2 million.

“I’m very pleased with a $500,000 gross margin increase for the first quarter of 2012 over the first quarter of 2011,” Randy N. McCullough, chief executive officer of Charles & Colvard, said in a statement. “This demonstrates that we’re on the right track toward building profitable long-term sustainable revenue.”

Other highlights from Charles & Colvard’s first quarter financial statement (ended March 31) include:

  • Loose moissanite gemstone sales: $2.5 million, down 4 percent
  • Finished jewelry sales: $1.7 million, up 319 percent
  • $10.6 million cash and investments and no long-term debt
To receive the latest jewelry news and blogs every day, subscribe to JCK’s e-newsletter here.
© 2015 Reed Exhibitions, a division of Reed Elsevier Inc. All rights reserved. Use of this website is subject to its Terms of Use and Privacy Policy.
Website design and management by McMurry/TMG, a custom media firm. 1129 20th Street NW, Suite 700, Washington, DC 20036.