Charles & Colvard, Ltd. Provides Sales Guidance for the Fourth Quarter and Full Year of 2019
June 06, 2019 at 04:58 pm EDT
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Charles & Colvard, Ltd. provided sales guidance for the fourth quarter and full year of 2019. For the quarter, the company expects net sales to be in the range of $7.0 to $7.2 million
For the year, the company expects net sales to be in the range of $31.6 to $31.8 million.
Charles & Colvard, Ltd. is a fine jewelry company that specializes in moissanite and lab grown diamonds. The Company operates through two segments: Online Channels and Traditional. The Online Channels segment consists of e-commerce outlets, including charlesandcolvard.com, moissaniteoutlet.com, third-party online marketplaces, drop-ship retail, and other pure-play, exclusively e-commerce outlets. The Traditional segment consists of wholesale and retail customers, including its own Charles & Colvard Signature Showroom and charlesandcolvarddirect.com. The Company manufactures, markets, and distributes Charles & Colvard Created Moissanite and finished jewelry featuring moissanite, including Forever One, the Companyâs premium moissanite gemstone brand, for sale in the worldwide fine jewelry market. The Company also markets and distributes Caydia lab grown diamonds and finished jewelry featuring lab grown diamonds for sale in the worldwide fine jewelry market.
CHARLES & COLVARD, LTD. 