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Charles & Colvard, Ltd. operates as a fine jewelry company in the United States and internationally. The company primarily focuses on producing diamond simulants and selling colored gemstones, such as rubies and sapphires, to the consumer electronics industry for use in screens and electroluminescent lamps. It also offers a variety of colored gemstone jewelry pieces and accessories through retail channels; and conducts research and development of new materials for producing fine gemstones. The firm distributes its products directly to consumers through its e-commerce website that also sells diamonds, colored gemstones, fine jewelry, and watches in the United States, as well as through retailers located in Europe, Latin America, and Asia-Pacific regions.