FINALLY, A REASON TO BE EXCITED ABOUT BEING A BRIDESMAID! A GIFT OF MOISSANITE SHOWS APPRECIATION AND ADDS SHINE TO THE 'BIG DAY'

FOR IMMEDIATE RELEASE

Media Contact: Renae Placinski, North Shore Public Relations, (847) 945-4505 or renae@northshorepr.com

December 10, 2007 – Women know the scariest thing about being a bridesmaid is the chance they may have to wear an unflattering dress. But now brides have the opportunity to give a gift to the members of their bridal party that will truly shine. The bridesmaid dress may only be worn once, but a gift of moissanite jewelry lasts long after the "I do!"

Moissanite created by Charles & Colvard™, a jewel born from the discovery of particles from a meteor crater, holds more intense fire, brilliance and luster than any other jewel. Moissanite is a near-colorless jewel with 2.4 times the fire of diamond; it complements any color and any style of bridesmaid dress.

In addition to moissanite's outstanding characteristics, bridesmaids will be happy to learn they're receiving a fashionable gift. Moissanite has been featured recently in some of the world's top fashion and lifestyle publications, such as Vogue, InStyle, O The Oprah Magazine and Self. It's so striking and popular, in fact, that it was deemed "In" for 2007 by the Washington Post's exclusive "In & Out List."

Market research indicates that 78 percent of moissanite buyers are women, showing that a piece of moissanite jewelry is what women turn to when it's time to find something simply stunning for the most important of occasions. It exemplifies all the characteristics women seek in a luxury accessory—quality, beauty and durability. Plus, it has one "surprise" characteristic—it's affordable!

"Moissanite makes the perfect bridesmaid gift," says Charles & Colvard President and Chief Marketing Officer Dennis M. Reed. "Recognizing your bridesmaids with a gift of moissanite jewelry is an expression of gratitude that will last a lifetime."

Moissanite is a jewel as unique as the women who wear it, and the first choice for a gift that says, "I'm glad to share my most important moment with you."

To learn more about Charles & Colvard created Moissanite, visit www.moissanite.com.

About Charles & Colvard, Ltd.
Charles & Colvard, Ltd. (Nasdaq: CTHR), based in the Research Triangle Park area of North Carolina, is the global sole source of lab-created moissanite, a unique, near-colorless jewel that is distinct from other gemstones and jewels based on its exceptional fire, brilliance, luster, durability and rarity. Currently used in fine jewelry, Charles & Colvard created Moissanite™ is primarily marketed to the self-purchasing woman as the perfect reward or indulgence for a woman celebrating her achievements, whether personal or professional, big or small. For more information, please access www.charlesandcolvard.com.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements expressing expectations regarding our future and projections relating to products, sales, revenues and earnings are typical of such statements and are made under the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently.

All forward-looking statements are subject to the risks and uncertainties inherent in predicting the future. You should be aware that although the forward-looking statements included herein represent management's current judgment and expectations, our actual results may differ materially from those projected, stated or implied in these forward-looking statements as a result of many factors, including, but not limited to the Company's ability to manage growth effectively, dependence on Cree, Inc. as the current supplier of the substantial majority of the raw material, ability to develop a material second source of supply, dependence on a limited number of jewelry manufacturing customers, dependence on continued growth and consumer acceptance of the Company's products, in addition to the other risks and uncertainties described in more detail in our most recent annual report on Form 10-K filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur except as required by the federal securities laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors relevant to our business.