Charles & Colvard added Jaqui Lividini and Suzanne Miglucci to its Board of Directors

– USA, NC – Charles & Colvard, Ltd. (Nasdaq:CTHR), the original and leading worldwide source of Classic Moissanite™ and Forever Brilliant®, The World’s Most Brilliant Gem®, appointed Jaqui Lividini and Suzanne Miglucci to serve on the Company’s Board of Directors, effective August 18. The addition of Ms. Lividini and Ms. Miglucci brings the total number of Board members to seven, six of whom are independent. In addition, the Board appointed Ms. Lividini to the Board’s Nominating and Governance Committee and Ms. Miglucci to the Board’s Compensation Committee.

Ms. Lividini brings years of brand marketing experience in the fashion, retail and luxury industries to the Company. Since May 2005, she has served as Chief Executive Officer and Founding Partner of Lividini & Co., a brand strategy company that specializes in brand development and marketplace positioning, engagement marketing, and retail strategy. Previously, she served as Senior Vice President Fashion Merchandising & Communications at Saks Fifth Avenue. She also serves as Chairman of the Board of Women In Need, Inc., a non-profit organization that provides housing, programs and critical services to New York City’s homeless mothers and their children, and serves on the Board of Trustees of the Fashion Institute of Technology, an internationally recognized college for fashion, design, art, communications, and business.

Ms. Miglucci has an extensive marketing background working with public and private technology companies, particularly with global footprints. She has served as Chief Marketing Officer of ChannelAdvisor Corporation, a software and services solution provider, since June 2012. Prior to joining ChannelAdvisor, she served as Senior Director, Global Procurement Solution Marketing, at SAP, a market leader in enterprise application software. Prior to her time at SAP, Ms. Miglucci served as a Strategic Marketing Consultant for Miglucci on Marketing, LLC, a marketing consultant company. She has also held executive marketing positions at SciQuest, Inc., MicroMass Communications and Arsenal Digital Solutions.

Ms. Lividini said, “My years of experience in brand strategy, marketing and communications for fashion, retail and luxury brands has given me deep understanding of the importance of marketplace positioning, for both the industry and the consumer. I look forward to working with my fellow Board members to enhance Charles & Colvard’s portfolio of brands and broadening the Company’s position as the original and leading worldwide source of moissanite jewelry.”

Ms. Miglucci said, “Effectively utilizing innovative technology and marketing strategies is key to any successful business venture in the 21st century. As I join the Board, I expect to work closely with my new colleagues to help realize the full potential of Charles & Colvard’s traditional and web-based sales and marketing efforts to make moissanite the gem of choice for consumers around the world.”

Neal Goldman, Executive Chairman of Charles & Colvard’s Board of Directors, said, “Jaqui Lividini and Suzanne Miglucci join our Board as we continue to grow as a notable brand and expand our presence as an online retailer. We welcome them to the Board and are confident the Company will benefit from their considerable experience in the months and years ahead.”

About Charles & Colvard, Ltd.

Charles & Colvard, Ltd., based in the Research Triangle Park area of North Carolina, is the original and leading worldwide source of moissanite, a unique, near-colorless created gem that is distinct from other gems and jewels based on its exceptional fire, brilliance, durability, and rarity. Charles & Colvard’s Classic Moissanite™ and Forever Brilliant® are currently incorporated into fine jewelry sold through domestic and international retailers and other sales channels. Charles & Colvard, Ltd.’s common stock is listed on the NASDAQ Global Select Market under the symbol “CTHR.”

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