| Business Summary | | Charles
&
Colvard
Ltd.
manufactures,
markets
and
distributes
Charles
&
Colvard-created
moissanite
jewels
for
sale
in
the
worldwide
jewelry
market.
Moissanite,
also
known
by
its
chemical
name,
silicon
carbide
(SiC),
is
a
rare,
naturally
occurring
mineral
found
primarily
in
meteorites.
The
Company's
moissanite
jewels
are
made
from
SiC
crystals
grown
by
Cree,
Inc.
Cree
has
an
exclusive
license
to
a
patent
related
to
a
process
for
growing
large
single
crystals
of
SiC.
The
Company
has
certain
exclusive
licenses
and
supply
rights
with
Cree
for
SiC
materials
to
be
used
for
gemstone
applications.
The
scientifically
made
moissanite
jewels
are
distinct
from
other
jewels
based
on
its
fire,
brilliance,
luster,
durability
and
rarity. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Charles
and
Colvard
Ltd.
manufactures,
markets
and
distributes
lab-created
moissanite
gemstones
for
sale
in
the
jewelry
market.
For
the
six
months
ended
6/30/01,
net
sales
fell
19%
to
$5.4
million.
Net
income
totaled
$606
thousand
vs.
a
loss
of
$3.4
million.
Revenues
reflect
decreased
shipments
of
moissanite
jewels
and
lower
selling
prices
due
to
purchase
discounts
offered
to
new
customers.
Net
income
reflects
lower
advertising
costs
and
decreased
compensation
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Thomas, 53 Chairman,
Pres, CEO | $125K | James Braun CFO | -- | Earl Hines, 64 VP
of Manufacturing, Treasurer, Sec. | 120K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|