Charles & Colvard 4Q Sales Double

Charles & Colvard’s net sales for the three months ended Dec. 31 increased 105 percent to approximately $7.2 million.

“The turnaround story continues at Charles & Colvard, and we’re thrilled with our outstanding results in the fourth quarter,” said CEO Randy N. McCullough in a statement. “Revenues benefited from our investments in new sales and marketing initiatives throughout our distribution channels.”

Highlights of Charles & Colvard’s financial statement (three months ended Dec. 31):

  • Total net sales: Up 105%
  • Loose moissanite gemstone sales: Up 149%
  • Finished jewelry sales: Up 50%