Rapaport News




Advanced search
Latest Articles
Rough Markets
Polished Markets

Charles & Colvard Sees Sales Increase

Moissanite maker cites rise in e-commerce, expanded presence in Helzberg Diamonds stores.
Aug 6, 2017 10:01 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Charles & Colvard’s expanded relationship with Warren Buffett’s Helzberg Diamonds helped boost the moissanite manufacturer’s sales for the second quarter, it said Thursday.

Net sales at Charles & Colvard increased 1.8% year on year to $6.6 million, due to higher revenues from alternative channels such as e-commerce and the 100 Helzberg stores where it has a presence, the brand reported. In March, the company announced it was doubling the number of Helzberg stores carrying its diamond-substitute jewelry.

Meanwhile, its online sales for the second quarter jumped 10% to $2.2 million, contrasting with a 2% drop in revenue from its “traditional” segment — its wholesale, retail and television customers — to $4.4 million.

The company also reduced its losses by 59% to $402,781, it said.
Tags: Charles & Colvard, diamond substitutes, Helzberg Diamonds, moissanite, Rapaport News, retail
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us