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Jun132012

Charles & Colvard Appoints Anne M. Butler, Former Vice Chairman of Direct Selling Association, to Board of Directors

MORRISVILLE, N.C., Jun 13, 2012 (BUSINESS WIRE) -- Charles & Colvard, Ltd. (nasdaq global select market:CTHR), the sole manufacturer of created moissanite gemstones, The Most Brilliant Jewel in the World(R), today announced the appointment of Anne M. Butler to its Board of Directors.

As a leading executive in the direct selling industry, Anne Butler has successfully run global businesses for Avon Products, Inc., Mary Kay Cosmetics, Inc., and PartyLite Gifts, Inc. ("PartyLite"). Since January 2012, Ms. Butler has served as CEO of Butler Advisors, while also serving as Senior Advisor to the Chairman of Blyth, Inc. ("Blyth"). From May 2007 to January 2012, she served as President of PartyLite, a home fragrances and accents direct selling business. She also served on the Board of ViSalus Sciences, the weight loss and fitness direct sales subsidiary of Blyth. Ms. Butler currently serves on the Board of the Direct Selling Education Foundation, and this month concluded two years of service as Vice Chairman of the Board of the Direct Selling Association.

"We are pleased to welcome Anne Butler as an independent member of our Board of Directors," stated George R. Cattermole, Director and Chairman of the Board of Charles & Colvard, Ltd. "Anne is a highly accomplished senior executive, and we believe her experience and knowledge of direct-to-consumer sales channels will be invaluable to us as we continue to grow our home party business."

About Charles & Colvard, Ltd.

Charles & Colvard, Ltd., based in the Research Triangle Park area of North Carolina, is the global sole source of moissanite, a unique, near-colorless created gemstone that is distinct from other gemstones and jewels based on its exceptional fire, brilliance, luster, durability, and rarity. Charles & Colvard Created Moissanite(R) is currently incorporated into fine jewelry sold through domestic and international retailers and other sales channels. Charles & Colvard, Ltd. is headquartered in Morrisville, North Carolina, and its common stock is listed on the NASDAQ Global Select Market under the symbol "CTHR." For more information, please visit www.charlesandcolvard.com .

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