Charles & Colvard, Ltd. CTHRQ

Company Overview

Charles & Colvard, Ltd. is a U.S.-based jewelry company primarily known for the manufacture and retail of lab-created gemstones, most notably moissanite. The company operates within the jewelry manufacturing, direct-to-consumer e-commerce, and luxury accessories industries, focusing on ethically sourced, lab-grown alternatives to traditional mined gemstones. Its core revenue historically derived from the sale of moissanite gemstones and finished jewelry products, including rings, earrings, necklaces, and bracelets, marketed as sustainable and conflict-free.

Founded in 1995, the company gained prominence as the original commercial producer of moissanite for jewelry applications after securing intellectual property rights related to silicon carbide gemstones. Over time, Charles & Colvard evolved from a wholesale gemstone supplier to a vertically integrated retailer, emphasizing branded finished jewelry and direct-to-consumer sales through its proprietary e-commerce platform. In recent years, the company has faced financial distress, culminating in a Chapter 11 bankruptcy filing and subsequent transition to OTC Markets under the ticker CTHRQ.