GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Charles & Colvard's 3Q Profit +13%

30 october 2012

Charles & Colvard reported sales of $5.08 million, a 76 percent year-on-year increase, for the third quarter that ended on September 30. Costs and expenses rose 63 percent to $3.05 million. Net income increased 13 percent to $123,625 or 1 cent per share, Rapaport reported.
The company held $11.9 million in cash and investments and no long-term debt as of September 30. Loose moissanite sales increased 71 percent to approximately $3.8 million during the quarter.  Finished jewelry sales increased 90 percent year on year to approximately $1.3 million.
“Continued top-line revenue growth in the first three quarters of 2012 in excess of 60 percent over the prior year period validates we are on the right track,” said Randy N. McCullough, the chief executive of Charles & Colvard. “I am extremely excited with our results as we continue to position our company to become a powerful collection of brands through multiple sales channels.
“We continue to invest in our direct-to-consumer retail channels, Lulu Avenue and, in order to provide Charles & Colvard with potential significant future revenue, profitability, and shareholder value. Recently, we accomplished several important initiatives that build upon their foundation to help achieve these goals,'' he said.
McCullough added that Charles & Colvard entered into a services and licensing agreement with JudeFrances Jewelry Inc., where it would custom design fashion and moissanite jewelry for the company's Lulu Avenue property. ''This provides Lulu Avenue the ability through JudeFrances, the coveted designer jewelry brand known for stunning designs and high-quality pieces, to offer exclusive jewelry designs available nowhere else,'' he said.