Charles & Colvard, Ltd., the sole source of moissanite, reported an increase of 118 percent in third quarter sales to $11.3 million, compared with the corresponding period of 2004. For the quarter ending September 30, 2005, the company’s operating income surged to $3.1 million, an increase of 372 percent over the previous corresponding period. Net income, in the third quarter increased 639 percent to $2.2 million.

Sales for the nine month period ending September 30, 2005 reached $31.9 million on shipments of 186,000 carats. Net income for the first nine months of 2005 was $4.9 million or 33 cents per diluted share. Year-to-date sales are 110 percent over the first nine month 2004 sales of $15.2 million on shipments of 86,000 carats. Net income for the first nine months of 2005 was 335 percent higher than 2004 at $1.2 million or 8 cents per diluted share.

Find out more about 2005 moissanite sales at http://www.diamonds.net/news/newsitem.asp?num=13493&type=all&topic=all.