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Moissanite Sales Are Down.
Charles & Colvard Ltd., the global source of moissanite, reported first quarter of 2007 sales fell 28 percent to $5.8 million. For the three months ending March 31, 2007, net income fell 78 percent to $339,000, or 2-cents per diluted share.
Does this mean that Guys and Gals want real Diamonds for their Engagement Rings?
Stay tuned.
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