SAY 'I DO' TO MOISSANITE JEWELRY: MOISSANITE QUICKLY BECOMING RECOGNIZED AS THE PERFECT COMPLEMENT TO THE WEDDING DRESS THIS SEASON

FOR IMMEDIATE RELEASE

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

December 4, 2007 – On "The Big Day," everything should be perfect. From hair to makeup, dress to shoes, brides spend months perfecting each detail. But something that's often overlooked is jewelry. The bride's earrings, necklace and bracelets are usually last-minute purchases or borrowed items that just happen to work. This upcoming wedding season, though, brides can truly shine with moissanite, a brilliant, near-colorless jewel designed to be the perfect complement on the most special of days.

Moissanite created by Charles & Colvard™, a jewel born from the discovery of particles from a meteor crater, works well for weddings because its characteristics are also those associated with love. Love is intense, brilliant and filled with fiery passion—so is moissanite. Plus, love lasts forever-and so does moissanite. Not only does this symbolism mean a great deal to brides and grooms, it's factually true. Moissanite holds more intense fire, brilliance and luster than any jewel. Gemological research shows it has 2.4 times the fire of diamond! A certificate of authenticity proves moissanite's fire and brilliance are guaranteed for the life of the jewel.

With a more affordable price tag than many popular gemstones, a bride can wear moissanite and still stay within her budget. But she doesn't have to forsake fashion! 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."

"Moissanite jewelry is the perfect complement to a bride's wedding dress," says Charles & Colvard President and Chief Marketing Officer Dennis M. Reed. "Whether moissanite appears in the wedding band, in earrings or a necklace, moissanite is a gemstonejewel that will last long after 'I do.'"

Moissanite is as unique as the women who wear it, and the first choice for jewelry that will make a bride truly shine on her "Big Day."

Advanced technology affords Charles & Colvard the ability to create moissanite exclusively. 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.