FinancialsOct 31, 2024
Charles & Colvard Faces Possible Nasdaq DelistingFinancialsApr 24, 2025
Charles & Colvard Delisted From Nasdaq Due to Noncompliance
The company failed to file its quarterly reports in a timely manner.
A 14-karat rose gold swirl bypass solitaire engagement ring set with a 1.10-carat “Forever One” cushion-cut moissanite by Charles & Colvard. The company has been delisted from the Nasdaq stock exchange after failing to file its annual report on time.
Research Triangle Park, N.C.—Charles & Colvard has been delisted from the Nasdaq due to noncompliance.
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.
Related stories will be right here …
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.
Editors' Picks
Sponsored by
More on Financials
The Latest
PodcastsJun 17, 2026
Episode 6: Las Vegas 2026-Trends, Traffic, Broken BathroomsCouture’s Michelle Orman joins Amanda Gizzi and Michelle Graff for this special post-Market Week episode of My Next Question.
GradingJun 17, 2026
SSEF Issues Warning on Refilled EmeraldsThe lab is seeing emeralds with filler added post-testing enter the market, accompanied by reports that indicate little to no treatment.
WatchesJun 17, 2026
Patek Philippe’s ‘Visionary’ Leader Philippe Stern Dies at 88 The third generation of the Stern family to head Patek Philippe, he navigated the “quartz crisis” and preserved the brand’s independence.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
MajorsJun 17, 2026
James Avery to Revamp In-Store Retail ExperienceThe Texas-based jeweler is gradually rolling out a new experience-forward layout in its stores.
Weekly QuizJun 17, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsJun 17, 2026
Seahawks’ Super Bowl Ring Blends Meaningful Design, Technical CraftsmanshipThe Super Bowl LX champions were honored with diamond and blue sapphire rings by Jason of Beverly Hills.
Policies & IssuesJun 17, 2026
Community for Ethical Jewelry Names New Executive DirectorMarianna Smirnova previously spent a decade working with the Responsible Minerals Initiative, in addition to other relevant roles.
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce SolutionsDCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.
MajorsJun 16, 2026
5 Things to Know About the 2026 NBA Championship TrophyThe New York Knicks took home the Larry O'Brien Trophy crafted by Tiffany & Co.
TrendsJun 16, 2026
Post-Vegas Jewelry Trend Report: Big Beads, Western Flair, White MetalsAssociate Editor Natalie Francisco lists the trends she spotted during Jewelry Market Week that will dominate the second half of 2026.
SourcingJun 16, 2026
GemGuide Updates Ruby PricesIts app now reflects increased prices for Mozambique ruby, as well as changes to its Burma ruby charts.
MajorsJun 16, 2026
Sasha Primak Hires New Design DirectorThe manufacturer has tapped Alicia Arnold, the former director of custom design at Tiny Jewel Box.
IndependentsJun 15, 2026
DeBoulle Diamond & Jewelry to Renovate Dallas FlagshipThe revamped, elevated space will feature a two-story Patek Philippe atelier and a rooftop patio for parties.
WatchesJun 15, 2026
G-Shock, Coca-Cola Partner on Bottle-Inspired WatchThe special-edition piece marks the 140th anniversary of the iconic beverage brand.
TrendsJun 15, 2026
Amanda’s Style File: Tiny Charms Are TrendingHere are 13 small charms to inspire your layered looks this summer.
AuctionsJun 12, 2026
16th-Century ‘Hogback’ Diamond Ring Going Up for Auction in LondonFound by a metal detectorist, the ring likely belonged to a wealthy, possibly royal, owner, said Noonans.
CollectionsJun 12, 2026
Chouette Designs To Launch Collection Celebrating All Types of LoveOur Pride Month Piece of the Week, the “Margaux” ring, is part of the wife-and-wife team’s new “Lovestoned” collection.
Events & AwardsJun 12, 2026
CBG Announces Plans for Phoenix ShowThe group has named the keynote speaker and announced a new pavilion for its next event, which is slated for September.
EditorsJun 11, 2026
This Was the Best Animal Jewelry in Las Vegas From lions and hippos to snails and fish, Senior Editor Lenore Fedow wrangles her picks for cutest jewelry critters in Las Vegas.
SourcingJun 11, 2026
Grandview Klein, London Jewelers Partner To Cut 63-Carat RoughThe big stone will be fashioned into a 20.26-carat diamond in celebration of the retailer’s 100th anniversary this year.
MajorsJun 11, 2026
Former Cartier Creative Director To Head Chanel’s Jewelry Creation StudioMarie-Laure Cérède will join Chanel as the new director of its jewelry creation studio, starting in October.
Lab-GrownJun 11, 2026
Smiling Rocks’ ‘Wish Jar’ Generates 100+ Wishes in Las Vegas At the JCK show, the lab-grown diamond brand teamed up with Jewelers for Children to support Make-A-Wish India.
SourcingJun 11, 2026
Signet Jewelers Exec Joins Diamonds Do Good BoardIlana McCabe is Signet’s vice president of public relations and brand communications.
AuctionsJun 10, 2026
31.62-Carat ‘Azure Blue’ Diamond Sells For $8M+ at Christie’sIt was a banner day for blue gemstones, with another blue diamond topping $8 million and a 41-carat sapphire going for $2.3 million.
MajorsJun 10, 2026
Saks Global Receives Bankruptcy Court Approval for ReorganizationThe approval means the retailer is on track to exit bankruptcy proceedings this summer.
CrimeJun 10, 2026
2 Suspects Arrested in Texas Jewelry Store RobberyThe men are believed to be part of the group of several masked suspects that robbed Marc Robinson Jewelers in April.
CollectionsJun 10, 2026
Sylvie Debuts ‘Elevated’ Bridal Collection Inspired By Designer’s RingThe bridal-focused brand is also launching its Custom Atelier this summer, a digital custom design tool for its authorized retailers.
