Charles & Colvard, the manufacturer of created moissanite gemstones, saw a 40 percent jump in 2012 sales, the company announced.
The year’s sales totaled $22.4 million. Fourth quarter sales jumped 13 percent to $8.1 million.
“Our continued success growing our business at Charles & Colvard is a tribute to the many initiatives put in place over the past three years,” Randy N. McCullough, chief executive officer of Charles & Colvard, said in a statement. “We are very pleased with our results in the fourth quarter and for the year.”
Other highlights for the fourth quarter ended Dec. 31:
- Net sales: up 13 percent, to $8.1 million
- Loose moissanite gemstone sales: down 3 percent
- Finished jewelry sales: up 87 percent
The company also announced that it had named Jewelry Television its Vendor of the Year.