RESEARCH TRIANGLE PARK, N.C.,
June 28, 2021 /PRNewswire/
-- Charles & Colvard, Ltd. (Nasdaq: CTHR) (the "Company"),
a globally recognized fine jewelry company specializing in lab
created moissanite and lab grown diamonds, announced today the
Company's addition to the Russell Microcap®
Index, effective after the US market opens on June 28, 2021, as a part of the Russell indexes
annual reconstitution.
Membership in the Russell Microcap®
Index, which remains in place for one year, means automatic
inclusion in the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
"Our addition to the Russell Microcap Index is a testament to
the team's focus on disciplined growth over the past three
quarters," said Don O'Connell,
President and CEO of Charles & Colvard. "Since the leadership
transition last June, we've experienced continuous positive
momentum and joining the Russell Microcap Index is another
important milestone for the Company. We believe this added exposure
will broaden our reach and bring additional value to our
shareholders."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $10.6 trillion in assets are benchmarked against
Russell's US indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
For more information on the Russell
Microcap® Index and the Russell indexes
reconstitution, go to the "Russell Reconstitution" section on the
FTSE Russell website.
About Charles & Colvard, Ltd.
Charles & Colvard, Ltd. (Nasdaq: CTHR) believes fine jewelry
can be accessible, beautiful and conscientious. Charles &
Colvard is the original pioneer of lab-created moissanite, a rare
gemstone formed from silicon carbide. The Company brings
revolutionary gemstones and jewelry to market through its pinnacle
Forever One™ moissanite brand and its
premium Caydia™ lab grown diamond
brand. Consumers seek Charles & Colvard fashion, bridal and
fine jewelry because of its exceptional quality, incredible value
and shared beliefs in environmental and social responsibility.
Charles & Colvard was founded in 1995 and is based in
North Carolina's Research Triangle Park. For more information,
please visit www.charlesandcolvard.com.
About FTSE Russell
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately
$17.9 trillion is currently
benchmarked to FTSE Russell indexes. For over 30 years, leading
asset owners, asset managers, ETF providers and investment banks
have chosen FTSE Russell indexes to benchmark their investment
performance and create ETFs, structured products and index-based
derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/charles--colvard-joins-russell-microcap-index-301320780.html
SOURCE Charles & Colvard, Ltd.