GemNotes

Moissanite Company Chairman Resigns Jeff Hunter, chairman and CEO of Charles & Colvard (formerly C3 Inc.), the sole source of moissanite, resigned his position effective May 14. Dr. Frederick A. Russ, former dean of business administration at the University of Cincinnati, has been appointed chairman. Robert S. Thomas, the current company president, will also serve as acting chief executive officer. At Charles & Colvard?s May board meeting, it was noted that the company has not met financial expectations. Officials admitted making marketing mistakes that resulted in insufficient consumer response, despite a new distribution strategy. A few weeks earlier, the company had named Stuller Settings in Lafayette, La., and Rio Grande of Albuquerque, N.M., as wholesale distributors. There?s good news for tanzanite lovers?there should be a steady supply of good-quality material for
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