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  September 5, 2001
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Home > Company Index > Chemicals > Specialty Chemicals > Charles & Colvard Ltd.

Charles & Colvard Ltd.
Nasdaq: CTHR
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 PROFILE
Charles & Colvard Ltd. (formerly C3, Inc.) hopes that it isn't just some shooting star. The company makes and markets gemstones made from moissanite, a diamond substitute created in laboratories. Composed of silicon and carbon, moissanite (a.k.a. silicon carbide or SiC) is typically found in meteorites. Charles & Covard makes its gemstones from SiC crystals grown by Cree, Inc. The company also markets a device used to distinguish between diamonds and moissanite. Charles & Colvard sells through nearly 250 independent jewelry stores in North America and has distribution agreements in Europe and Southeast Asia. President and CEO Robert Thomas and director Chester Paulson (about 20%) together control 25% of the company.

 COMPETITION
De Beers Consolidated Mines Limited (dossier)
General Electric Company (GE)
Sumitomo Group (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 12.80
1-Yr. Sales Growth: 4.1%
Employees: 34
Revenue per employee: $376,470.59

 KEY PEOPLE
• Robert S. Thomas
    CEO
• Earl R. Hines
    CFO

 CONTACT INFO
3800 Gateway Blvd., Ste. 310
Morrisville, NC 27560
US
Phone: 919-468-0399
Fax: 919-468-0486
Online: Web Site

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