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

Sponsored by the Gemological Institute of America

The 2025 Australian Open champion is the jewelry brand’s first athlete ambassador.

The West Village jewelry boutique’s new shop-in-shop is the cornerstone of Nordstrom’s revamped jewelry hall.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

This past year, the manufacturer said it recorded below-zero emissions per carat of natural diamond.


The brand’s “Golden Strada” statement necklace features round, marquise, and pear diamonds that sparkle like Fourth of July fireworks.

JSA’s Scott Guginsky provided a list of nine security measures jewelers should observe while locking up for the long weekend.

The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.

Located on Rodeo Drive, the store’s design was inspired by Hollywood and Los Angeles culture.

The new location continues the brand’s celebration of its 25th anniversary.

The online watch marketplace’s “Time Is Our Thing” campaign highlights the importance of time.

She will oversee strategic planning, fundraising, industry partnerships, and the launch of the Gem Legacy Campus in Tanzania.

Working with Amazon’s Counterfeit Crimes Unit and law enforcement, Pandora helped to shut down a large-scale counterfeit network in China.

The jewelry company has closed its three California brick-and-mortar stores, as well as its online shop, for now.

The company is providing the opportunity for an FIT student to work alongside master diamond cutter Willie Lopez in its workshop.

He is remembered for his successful entrepreneurship, generosity, and dedication to his family.

The jewelry store chain has reportedly been struggling with costs related to tariffs as well as tough retail competition.

Welcome warm summer days with red hot rubies perfectly chosen as July’s birthstone.

Co-founders Afzal Imram and Lin Ruiyin brought their son’s story of a cosmic egg, toadstool, and railroad to life in their new collection.

The best time to prepare for the holiday season is right now, according to columnist Emmanuel Raheb.

This year’s winner is Morgan Keefe, who is currently studying at GIA to be a gemologist.

“The Jewelry Book” comes out this September.

The company is focused on modernizing the custom jewelry buying experience with e-commerce tools like product visualization and 3D styling.

Following its recent acquisition, the storied brand has updated its leadership team and regional managers.

AGS also named the recipient of its “Women in Leadership” scholarship.

The 20-karat yellow gold and diamond wrap ring is modeled after the Monstera plants in the garden of the brand’s Miami villa.

Rocksbox President Allison Vigil shared the retailer’s expansion plans, and her thoughts on opening stores in malls.