Monday, July 23, 2007

UPDATE 1-Charles & Colvard Q2 profit falls, cuts FY revenue view

(Reuters) - The producer of moissanite gemstones also cut its 2007
revenue forecast, partly due to a delay in its chain-wide
rollout at retailer Sears Holdings Corp. . The rollout
was scheduled for the second half of 2007.




Moissanite is a rare, naturally occurring mineral found in
meteorites that can be grown in laboratories due to its silicon
carbide composition.


Read more at Reuters.com Market News

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