Charles & Colvard Signs New Manufacturing Agreement With Frederick Goldman, Inc.

Charles & Colvard, Ltd. (NASDAQ: CTHR), the sole manufacturer of moissanite jewels, The Most Brilliant Jewel in the World™, announced that it has signed a new manufacturing and distribution agreement with Frederick Goldman, Inc. (Goldman), America’s pre-eminent wedding ring leader and one of the largest bridal and fine jewelry manufacturing companies in North America. Under the terms of the agreement, Goldman has the exclusive right to distribute and sell finished jewelry featuring Charles & Colvard Created Moissanite to certain national retail customers.

Goldman is dedicated to developing high quality brands, including Goldman, ArtCarved, Keepsake, Lyric, and Triton, for the bridal and fine jewelry industry that are sold throughout North America and, with manufacturing resources in the U.S., Mexico, China, India, and Thailand, the company is at the forefront of global competiveness. Goldman’s success is the result of years of uncompromising dedication to a never-ending quest for excellence, and the use of precious metals, precious stones, special finishes, and manufacturing techniques has made the company a master in the art of jewelry making. In addition, innovative and sophisticated marketing programs, developed and offered across multiple divisions, have helped solidify the company’s position as a leader in the industry and the fine jewelry manufacturer of choice for thousands of retailers across America.

Randy N. McCullough, President and Chief Executive Officer of Charles & Colvard, commented, “We are confident that Frederick Goldman, with its manufacturing and distribution capabilities, will be a great partner for Charles & Colvard as we move forward with our branding initiatives. Its professional approach to our industry provides opportunities to put our moissanite jewel in front of millions of Americans.”

“We are delighted to work with Charles & Colvard, providing a unique brand of jewelry containing moissanite jewels to major retailers operating across America,” said Jonathan Goldman, Chief Executive Officer of Goldman. “We believe its in-depth experience and understanding of our industry will be a great benefit to developing and launching the brand.”