RESEARCH TRIANGLE
PARK, N.C., May 23, 2024 /PRNewswire/ -- Charles
& Colvard, Ltd. (Nasdaq: CTHR) (the "Company"), a globally
recognized fine jewelry company that specializes in moissanite and
lab grown diamonds, is pleased to announce an exclusive strategic
alliance with the International Gemological Institute (IGI),
introducing comprehensive grading reports for moissanite gemstones
and jewelry.
"Not all moissanite is created equal," says Don O'Connell, President and CEO of Charles
& Colvard. "The new collaboration with IGI emphasizes our
commitment to maintaining brand integrity in a market increasingly
saturated with false information and counterfeit products."
The grading reports, with unique identifiers tying back to each
individual laser-inscribed gemstone, are designed to boost consumer
confidence by providing standardized measures for loose Forever
One™ moissanite gemstones, ensuring a reliable standard of quality
and authenticity for purchasers.
Expert gemologists will rigorously evaluate and authenticate
each moissanite gemstone and provide comprehensive certification
reports detailing its quality characteristics. Consumers will
recognize the standard 4Cs used in diamond grading—cut, clarity,
carat, and color—in the grading report, along with Charles &
Colvard moissanite-specific grading measures.
"Moissanite has long been celebrated for its brilliance and
durability, but until now, consumers have not had access to
moissanite gemstones with grading reports backed by an industry
leader in the space. We believe our collaboration with IGI will be
a significant turning point in the lab-grown industry. This
strategic alliance will bring unparalleled transparency and
accountability regarding the quality of moissanite gemstones. We
believe our new certifications will allow consumers, retailers, and
distributors to further validate the quality and value of our gems
while helping to safeguard customers against misinformation and
false claims made by other moissanite providers," continued
O'Connell.
"This development underscores IGI's commitment to supporting our
industry with detailed, accurate assessments," added Avi Levy, President of IGI North America. "It
demonstrates our dedication to reinforcing consumer trust in all of
the gemstone products they purchase."
Forever One™ moissanite gemstone reports will be available
exclusively to the trade beginning next week in a limited capacity
for the launch. IGI will scale to meet the demand for the reports
as their experts continue to grade Charles & Colvard's
moissanite gemstone inventory. Later this year, consumers will also
be able to purchase finished jewelry mounted with IGI-certified
gemstones from Charles & Colvard.
Both companies will be exhibiting at the upcoming JCK Show, one
of the largest and most trusted jewelry industry trade events, in
Las Vegas, Nevada, from
May 31 – June
3, 2024. Visitors can find IGI at booth #11065 and Charles
& Colvard at booth #12058 in the Bridal Pavilion.
To learn more about IGI, visit www.igi.org.
About Charles & Colvard, Ltd.
Charles &
Colvard, Ltd. (Nasdaq: CTHR) believes that fine jewelry should be
as ethical as it is exquisite. Charles & Colvard is the
original creator of lab grown moissanite (a rare gemstone formed
from silicon carbide). The Company brings revolutionary gems and
fine jewelry to market by using exclusively Made, not Mined™
above ground gemstones and a dedication to 100% recycled precious
metals. The Company's Forever One™ moissanite and
Caydia® lab grown diamond brands provide exceptional
quality, incredible value and a conscious approach to bridal, high
fashion, and everyday jewelry. Charles & Colvard was founded in
1995 and is based in North
Carolina's Research Triangle
Park region. For more information, please visit
www.charlesandcolvard.com.
About IGI
About IGI: The International
Gemological Institute (IGI), a Blackstone portfolio company. IGI
has 30 laboratories and 19 education facilities in major diamond
and jewelry centers around the world. For close to 50 years, IGI
has provided the fine jewelry community and consumers with a broad
range of services including natural and laboratory-grown diamond
reports, colored stone grading and origin reports, as well as
jewelry identification and appraisal reports. With the increase of
lab-grown diamonds in the marketplace, IGI screens millions of
natural and lab-grown diamonds in order for the industry and
consumers to receive the product they expect. Regardless of
location or marketplace, authentic IGI Laboratory Reports are
designed to empower trust and confidence among buyers and sellers
alike.
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SOURCE Charles & Colvard, Ltd.
