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.
More on Financials
The Latest
Policies & IssuesJul 30, 2025
Tariff on India Will Be 25%, Trump Says The president made the announcement via Truth Social Wednesday, adding that India also will face a penalty for its dealings with Russia.
WatchesJul 30, 2025
Peek Inside Zadok Jewelers’ New Rolex Showroom in AustinIts opening marks the completion of the retailer’s new 11,000-square-foot store in the Texas capital.
SurveysJul 30, 2025
Consumer Confidence Ticks Up in JulyRespondents shared concerns about tariffs and commentary on the “Big Beautiful Bill.”
Brought to you by
Taking the Moment Head On: How Rio Grande Champions the Present & Future of Fine JewelryAs a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.
SourcingJul 30, 2025
Rob Bates to Release Latest Book in His ‘Diamond District Mystery’ Series“Making a Killing in Diamonds” tells the story of Mimi Rosen, the disappearance of a scientist, and the murder of lab-grown diamond CEO.
Weekly QuizJul 25, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
EditorsJul 29, 2025
Out & About: Visiting Tacori’s Design Studio in LASenior Editor Lenore Fedow learned a lot when she took a behind-the-scenes factory tour with the jewelry brand earlier this year.
Events & AwardsJul 29, 2025
Melee The Show Welcomes 15 New DesignersThe first-time exhibitors, set to debut at the New York City show, share a devotion to craftsmanship, storytelling, and material integrity.
Brought to you by
Investing in the Next Generation of Bench JewelersThe Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.
SourcingJul 29, 2025
Auctim to Offer 7.3M+ Carats of Rough EmeraldsThe online auction house’s September sale will feature rough Brazilian emeralds of various qualities.
MajorsJul 29, 2025
Alexis Padis Re-Elected AGS Board President She’ll lead an executive committee consisting of President-Elect Bryan Moeller, Mitchell Clark, Bill Farmer, and Larry Rickert.
Policies & IssuesJul 28, 2025
U.S.-EU Come to Agreement on Tariffs Announced Sunday, the deal will set the tax on goods imported into the United States from the European Union at 15 percent.
CollectionsJul 28, 2025
Nanis Brings a New Palette to ‘Ipanema’A new edition of the Italian brand’s “Ipanema” collection has debuted with gemstones that evoke Brazil’s breathtaking views.
MajorsJul 28, 2025
The 1916 Company Partners with ‘Shark Tank’ Star’s Watch Insurance PlatformThe retailer will refer its customers to WonderCare, founded by venture capitalist and watch collector Kevin O’Leary.
IndependentsJul 28, 2025
Sissy’s Log Cabin to Open Flagship in Arkansas The jeweler’s largest store yet is set to open in Little Rock next fall.
CollectionsJul 25, 2025
Piece of the Week: Jemma Wynne’s ‘Forme’ NecklaceAnne Hathaway was seen wearing the toggle necklace three times while filming scenes for “The Devil Wears Prada 2.”
Events & AwardsJul 25, 2025
Pre-Registration Open for September Hong Kong ShowJewellery & Gem World Hong Kong is scheduled for Sept. 15 to 21, and buyer pre-registration will be available until Sept. 7.
Events & AwardsJul 24, 2025
2 Retailers to Receive 2026 Gem Award for Lifetime AchievementMark and Candy Udell of London Jewelers will receive the honor at the 24th annual Gem Awards next March.
SourcingJul 24, 2025
De Beers Sees Diamond Production Sink 36% in Q2 While struggles continue at the mining and trading end of the pipeline, consumer demand for diamond jewelry is holding steady.
CollectionsJul 24, 2025
Francesca Villa Adds Dimension to Her Intaglio CharactersThe “Fantasia” jewelry collection turns the intaglio animals from her “Close Encounters” collection into 3D characters.
WatchesJul 24, 2025
Breitling Drops Super Bowl Watch Honoring the Philadelphia Eagles The special Classic Avi Chronograph 42 with an Eagles-green dial is limited to 59 pieces, a nod to the Super Bowl Philadelphia just won.
CrimeJul 23, 2025
JSA Warns of Violent String of Smash-and-Grabs in California JSA has received reports of mobs swarming jewelry stores, driving cars into the storefront or smashing through the windows.
CollectionsJul 23, 2025
Silvia Furmanovich’s ‘Kashmir’ Collection Is a Tribute to Northern IndiaThe “Kashmir” collection features centuries-old craft techniques made in collaboration with the region’s master papier-mâché artisans.
IndependentsJul 23, 2025
Montreal’s Ecksand Eyes Move to SoHoCreative Director Erica Bianchini shared why the jeweler is looking to expand into the U.S. and how it’s putting Canadian craftsmanship on the map.
IndependentsJul 23, 2025
IJO Raises Nearly $37K for LA Fire Relief Two Los Angeles Fire Department stations plan to use the donations to upgrade their equipment and tools.
CollectionsJul 22, 2025
Jewelry With a Rock ‘n’ Roll Aesthetic Heads to Sotheby’s LondonNext week, the auction house will kick off a selling exhibition of jewelry by British artist Hannah Martin and Coldplay’s Guy Berryman.
SourcingJul 22, 2025
Antwerp Diamond Heist Documentary Coming to Netflix“Stolen: Heist of the Century” is based on “Flawless,” the book about the middle-of-the-night theft, and will debut on Netflix in August.
ColumnistsJul 22, 2025
The Gifting Gap: How to Market Jewelry Beyond the HolidaysEmmanuel Raheb shares the top five gifting moments outside of major holidays that jewelers should build marketing campaigns around.
