Charles & Colvard Delisted From Nasdaq Due to Noncompliance
The company failed to file its quarterly reports in a timely manner.

The North Carolina-based company announced in October 2024 that it received a letter from the stock exchange stating it was not in compliance with the Nasdaq rule that requires the timely filing of all necessary periodic reports.
As of press time, the company has not filed its annual report via a Form 10-K for the quarters ending Sept. 30 and Dec. 31, 2024.
The company had filed a notification in October 2024 stating that it needed more time to complete the report due in part to the “pending outcome of confidential arbitration against the company.”
Charles & Colvard was involved in a dispute with Wolfspeed, a developer and manufacturer of wide-bandgap semiconductors, and had been accused of breach of contract, though Charles & Colvard said it disputes the allegations.
Charles & Colvard said at the time that it would file the necessary paperwork to regain compliance, but it has not.
As for its Nasdaq delisting, the company has the option to appeal the decision but said it does not intend to request a hearing to appeal.
“This decision was based on a careful review of numerous factors, including the potential for limiting the significant costs associated with remaining listed on Nasdaq and complying with Nasdaq listing standards,” said Charles & Colvard.
Nasdaq is expected to file a Form 25-NSE, a notification of removal from listing, with the U.S. Securities and Exchange Commission. The trading of its common stock will be suspended on Friday.
After the delisting, the company said it expects that its common stock will be quoted on the OTC Experts Market.
OTC stocks are stocks that are traded “over the counter” through a broker-dealer network rather than through an exchange like the Nasdaq.
“No assurances can be provided, however, that a trading market in the common stock in any over-the-counter market will be maintained,” Charles & Colvard said.
Founded in 1995, Charles & Colvard is best known for its moissanite jewelry but branched out into lab-grown diamonds in 2020.
The company previously faced the risk of being delisted due to a low stock price.
Charles & Colvard went public 27 years ago, first listing on the Nasdaq on Nov. 14, 1997, as per its website.
The Latest

It will quit assigning the stones specific color and clarity grades in favor of applying “new descriptive terminology.”

From design trends to sustainability, here’s a roundup of can’t-miss education sessions at JCK Las Vegas.

The Jewelers’ Security Alliance offers advice for those attending the annual trade shows.

When investing in your jewelry business, it's important not to overlook the most crucial element of success: the sales associates.

Her new role is director of strategic initiatives.


The entrepreneur and “Shark Tank” star will share his top tips for success.

The designer is embracing bold pieces with weight to them in “AU79,” a collection she celebrated with a creative launch party.

More shoppers are walking out without buying. Here’s how smart jewelers can bring them back—and the tool they need to do it right.

The index partially rebounded after months of decline, due in part to the U.S.-China deal to temporarily reduce import tariffs.

The actress stars in the latest campaign set in Venice, Italy, and is set to participate in other creative initiatives for the jeweler.

The company has joined other labs, including GIA and Lotus Gemology, in adopting the Chinese term for "jadeite jade."

The large stone will be offered at its June sale along with a selection of secondary-type rubies from a new area of the Montepuez mine.

Located in Bangkok, the laboratory is Gemological Science International’s 14th location worldwide.

Those born in June have a myriad of options for their birthstone jewelry.

The diamond industry veteran has been named its senior sales executive.

Between tariffs and the sky-high cost of gold, designers enter this year’s Las Vegas shows with a lot of questions and few answers.

Designed by founder Renato and his daughter Serena Cipullo, it showcases a flame motif representing unity and the power of gathering.

However, the tariffs remain in effect in the short term, as an appeals court has stayed the U.S. Court of International Trade’s decision.

The pop icon is one step closer to launching her “B Tiny” jewelry collection, a collection she first began posting about last fall.

Sponsored by Stuller

It was featured in the miner’s latest sale, which brought in $24.8 million.

GemText AI uses artificial intelligence to generate tailored product titles, descriptions, and tags with jewelry-specific language.

The 3,300-square foot location is the jeweler's largest store in North America.

Aging and with myriad health issues, none will serve time for their roles in robbing the billionaire celebrity at gunpoint in 2016.

The WNBA team received rings imbued with meaning, from leaf motifs and its Liberty torch to the number of diamonds used.

A longtime executive at RDI Diamonds, Rickard has served on the JBT board for the past five years.

The two organizations have signed an affiliation agreement that’s expected to be finalized in the coming weeks.