Charles and Colvard appoints Neal Goldman to Board of Directors

– USA, NC – Charles & Colvard, Ltd. (NASDAQ:CTHR), the sole source of created moissanite and Forever Brilliant®, The World’s Most Brilliant Gem®, announces the appointment of Neal I. Goldman to its Board of Directors.

Mr. Goldman has served as President of Goldman Capital Management, Inc., an investment advisory firm, since he founded the firm in 1985. Prior to that, Mr. Goldman was an analyst and portfolio manager at Shearson/American Express Inc. Mr. Goldman also serves on the Board of Directors of Blyth, Inc. (NYSE:BTH), a multi-channel company focused on the direct-to-consumer market, and includes in its portfolio two direct sales companies, PartyLite Gifts and ViSalus. He also serves on the Board of Imageware Systems, Inc. (OTCQB:IWSY), a leading company in the emerging market for biometrically enabled software-based identity management solutions.

“We are pleased to welcome Neal as an independent member of our Board of Directors,” stated George R. Cattermole, Director and Chairman of the Board of Charles and Colvard, Ltd. “We believe his long-term vision, financial expertise and knowledge of direct-to-consumer sales channels will be invaluable to us as we continue to grow our business.”

About Charles & Colvard, Ltd.

Charles & Colvard, Ltd., is the global sole source of moissanite, a unique, near-colorless created gem that is distinct from other gems and jewels based on its exceptional fire, brilliance, luster, durability, and rarity. Charles & Colvard Created 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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