MajorsApr 17, 2026
QVC Group Files for Chapter 11 BankruptcyLab-GrownApr 23, 2026
Charles & Colvard May Sell Assets for $1.5M
The proposed agreement follows the moissanite maker’s Chapter 11 bankruptcy protection filing last month.
A model wearing jewelry from Charles & Colvard’s lab-grown diamond “Couture” collection. The retailer has inked a proposed agreement to sell most of its assets following its recent bankruptcy filing.
Morrisville, N.C.—Moissanite maker Charles & Colvard has entered into an agreement to sell most of its assets to one of its lenders, though it will entertain other offers if they come along.
Van Lang Jewelry and its affiliate, Jewelry Design Partners, have offered to buy Charles & Colvard’s assets for $1.5 million, according to an April 20 filing with the U.S. Securities and Exchange Commission.
The assets include intellectual property, inventory, and fixed assets.
Charles & Colvard filed for Chapter 11 bankruptcy protection last month, faced with declining revenue, a drop in lab-grown diamond prices, rising metal prices, and increased competition from retailers like Brilliant Earth and Blue Nile.
The retailer secured a debtor-in-possession loan facility of up to $1 million from Van Lang Jewelry, as per an SEC filing on March 27.
Van Lang Jewelry, based out of San Jose, California, is owned by Duc Pham, a former director on Charles & Colvard’s board. He resigned from the board on March 25, as per an SEC filing.
Van Lang Jewelry is the stalking- horse bidder for Charles & Colvard’s assets, with the sale subject to bankruptcy court approval as well as higher or better offers.
“As the process unfolds, we expect to receive other proposals that will improve on the initial one,” Charles & Colvard board Chair Mike Levin told National Jeweler.
However, if a different bidder is chosen, Van Lang Jewelry could be entitled to a $45,000 break-up fee and up to $45,000 in expense reimbursement under certain conditions, as per court documents.
Van Lang Jewelry or Charles & Colvard can terminate the agreement under certain conditions if the deal does not close by July 7.
Related stories will be right here …
Van Lang Jewelry and its affiliate, Jewelry Design Partners, have offered to buy Charles & Colvard’s assets for $1.5 million, according to an April 20 filing with the U.S. Securities and Exchange Commission.
The assets include intellectual property, inventory, and fixed assets.
Charles & Colvard filed for Chapter 11 bankruptcy protection last month, faced with declining revenue, a drop in lab-grown diamond prices, rising metal prices, and increased competition from retailers like Brilliant Earth and Blue Nile.
The retailer secured a debtor-in-possession loan facility of up to $1 million from Van Lang Jewelry, as per an SEC filing on March 27.
Van Lang Jewelry, based out of San Jose, California, is owned by Duc Pham, a former director on Charles & Colvard’s board. He resigned from the board on March 25, as per an SEC filing.
Van Lang Jewelry is the stalking- horse bidder for Charles & Colvard’s assets, with the sale subject to bankruptcy court approval as well as higher or better offers.
“As the process unfolds, we expect to receive other proposals that will improve on the initial one,” Charles & Colvard board Chair Mike Levin told National Jeweler.
However, if a different bidder is chosen, Van Lang Jewelry could be entitled to a $45,000 break-up fee and up to $45,000 in expense reimbursement under certain conditions, as per court documents.
Van Lang Jewelry or Charles & Colvard can terminate the agreement under certain conditions if the deal does not close by July 7.
Charles & Colvard’s product offerings include moissanite and other created gemstones as well as lab-grown diamonds and finished jewelry.
It has a premium moissanite brand, Forever One, and its Caydia brand of lab-grown diamonds.
Charles & Colvard sells its jewelry online and through retailers. It also opened its own store on its Morrisville, North Carolina, campus in 2022.
Levin said Charles & Colvard, which was founded in 1995 as C3 Diamante Inc., plans to stay in business, one way or another.
“As for what’s next, we’re using the bankruptcy process to reorganize and are moving forward, either on our own or with an industry partner,” he said.
“As that process provides, we welcome serious proposals from industry partners.”
More on Lab-Grown
The Latest
CollectionsSep 11, 2026
A Sapphire ‘Stardust’ Ring From Greenwich St. Jewelers The Latine-owned New York jeweler is marking two milestones this year: its 50th anniversary and the 25th anniversary of the 9/11 attacks.
ColumnistsSep 11, 2026
Sherry Smith: Stop Waiting for December to Save Your ChristmasThe stores that have a great December are the ones that made good decisions in August, September, and October, Sherry Smith writes.
MajorsSep 11, 2026
The Wishing Place by JTV OpensThe jewelry retail broadcast network has sponsored a new space for Make-A-Wish East Tennessee on its campus in Knoxville.
Brought to you by
Your Piece Could Be the One Editors Talk AboutSubmit your pieces for a chance to win in this year's competition.
Events & AwardsSep 11, 2026
The Edge Awards Scholarships to 2 Young Jewelry ProfessionalsThe recipients were recognized at the 24 Karat Club of the Southeastern United States’ annual banquet.
Weekly QuizSep 10, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsSep 10, 2026
Lagos Founder Steven Lagos Steps Down as CEO Keith Rolfe, CFO and COO of Lagos, is now at the jewelry brand’s helm while Steven takes on the role of executive chairman.
CrimeSep 10, 2026
FBI Offers $50K Reward for ‘Most Wanted’ Fugitive in $1M Jewelry HeistAlberto Perez-Elias is one of four men charged in the armed robbery of a Cape Coral, Florida, jewelry store and remains at large.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
AuctionsSep 10, 2026
Massive Matched Pair of Paraíba Tourmalines Head to Sotheby’sThe “Kat Florence Luminas” will be offered together as one lot and could fetch up to $637,000.
SourcingSep 10, 2026
AGTA Announces 4 Newly Elected DirectorsFour directors were elected to the AGTA board and will serve three-year terms beginning in February.
AuctionsSep 10, 2026
Former Sotheby’s, Christie’s Exec Appointed CEO of Julien’s Auctions Ken Citron joins the celebrity memorabilia-focused auction house ahead of its first week-long series of events in Abu Dhabi.
FinancialsSep 09, 2026
Signet Jewelers to ‘Double Down’ on Blue Nile Amid Strong SalesThe jewelry retailer said it sees opportunity at higher price points, particularly in natural diamonds for bridal and fashion.
IndependentsSep 09, 2026
Sarah Leonard Fine Jewelers Closes After Nearly 80 YearsThe Los Angeles-based, family-owned jeweler was founded by Lenny and Sunny Friedman in 1946.
SourcingSep 09, 2026
Fura Gems Notes ‘Remarkable’ Interest in Larger Rubies at Latest SaleThe auction, held in Bangkok, was 96 percent sold by lot, with nearly 411,000 carats of Mozambiquan rubies sold.
MajorsSep 09, 2026
Stuller’s Latest Catalog Includes Its New Demi-Fine CollectionFine Jewelry 2027-2028 has more than 900 new styles, including silver, gold-filled, gold-plated sterling silver, and vermeil jewelry.
Policies & IssuesSep 09, 2026
8 Key Changes the FTC Made to the Jewelry Guides: A Refresher Learn more about the new terms for lab-grown diamonds and composite gemstones, and the major changes in store for precious metals jewelry.
IndependentsSep 08, 2026
Ricky Bromberg, Longtime President of Bromberg & Co., Dies at 67 Bromberg is remembered as a Southern gentleman who always wore a suit and tie and treated others with kindness.
TrendsSep 08, 2026
Amanda’s Style File: A Hot Take on September’s Birthstone With high durability and a wide range of colors to choose from, sapphires may be the ultimate birthstone, Gizzi claims.
ColumnistsSep 08, 2026
Peter Smith: Humor Is No Laughing MatterLaughter is often considered a distraction in the workplace, but it has benefits for both staff and management, Peter Smith writes.
MajorsSep 08, 2026
Former Tiffany & Co. Exec Joins Exemplar Luxury GroupGretchen Koback Pursel is the new chief people officer at the company formerly known as Saks Global.
IndependentsSep 04, 2026
Orloff Jewelers Will Soon Unveil a Bigger, Better LocationThe California jeweler is renovating its store in Fresno, with plans to show off the new space in December.
CollectionsSep 04, 2026
Chelsea Gabrielle Transforms Pilates Reformer Springs Into Ring A lifelong practitioner of Pilates, Gabrielle looked to the springs’ tension and suspension when creating this ring, our Piece of the Week.
Events & AwardsSep 04, 2026
JCK Industry Fund Accepting 2027 ApplicationsThe deadline to apply is Nov. 13.
AuctionsSep 04, 2026
Christie's Names New Global Head of WatchesThe auction house has promoted Remi Guillemin, formerly its head of watches for the Americas and EMEA, to the role.
EditorsSep 03, 2026
Q&A: Simon G.’s CEO on Why He Won’t Use AI for Jewelry DesignZaven Ghanimian discussed the value of human craftsmanship and where the implementation of artificial intelligence does work.
Events & AwardsSep 03, 2026
Here Are the First Recipients of Nina Pugliese Memorial Scholarship Jewelers of America also revealed the recipients of the Seymour & Evelyn Holtzman Bench Scholarship and its own scholarship programs.
WatchesSep 03, 2026
Robert Pattinson Joins Jaeger-LeCoultre as Brand AmbassadorThe British actor, known for his roles in “Twilight” and “The Odyssey,” will star in a campaign for the Master Control Chronometre.
