Charles & Colvard signs expanded distribution agreement with Stuller

(MORRISVILLE, N.C.) - Charles & Colvard, Ltd., the sole manufacturer of moissanite jewels, has announced they have signed a new and expanded distribution agreement with Stuller, Inc., North America’s largest manufacturer and supplier of gemstones, finished jewelry and jewelry-related products to independent retail jewelers.

Under the terms of the agreement, Stuller has the right to sell Charles & Colvard Created Moissanite as either a loose jewel or in manufactured jewelry in North America through December 31, 2010. Together, Stuller and Charles & Colvard will collaborate to increase moissanite sales in the near-term as well as build a foundation for a sustainable long-term partnership.

George R. Cattermole, interim Chief Executive Officer and Chairman of the Board of Charles & Colvard stated: “Stuller is a premier organization with an excellent reputation among its customer base and within the jewelry industry. We are very proud to be part of the Stuller distribution network. We look forward to working closely with the Stuller team to grow the Charles & Colvard brand, and we believe the provisions of our new agreement will help us both to fulfill this objective.”

“We are extremely pleased to renew our agreement with Charles & Colvard,” said Kerry Hand, Stuller’s Executive Director of Marketing and Public Relations. “We believe many retail jewelers have come to truly appreciate the business opportunity created by Charles & Colvard Created Moissanite. For this reason, we look forward to re-establishing a strong brand among fashion-minded consumers in the North American jewelry market.”

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