Recent Updates — CTHR

Charles & Colvard filed its monthly operating report for June 2026 as part of its Chapter 11 bankruptcy case initiated in March 2026. The company received $2.7 million from AJS Creations, the winning bidder at a court-approved asset auction held on June 22, 2026. During the period, Charles & Colvard operated with a cash loss and secured $85,920 in DIP financing proceeds from Van Lang Jewelry LLC. The company is currently working with counsel to formulate its Chapter 11 plan of reorganization following the asset sale. Charles & Colvard operates in the jewelry industry, specializing in lab-created gemstones.

Charles & Colvard, Ltd. filed its monthly operating report for the period ended May 31, 2026, as part of its ongoing Chapter 11 bankruptcy proceedings. The report indicates the company operated at a cash loss for the month. Additionally, the company announced that AJS Creations was the winning bidder for its assets in an auction held on June 22, 2026, for $2.7 million. The company operates in the jewelry industry and sells diamonds and other jewelry.

Charles & Colvard, Ltd. completed the sale of its assets to AJS Creations, Inc. for $2,700,000 in cash following a Bankruptcy Court approval on July 1, 2026. This transaction superseded a previous agreement with JDP, resulting in a $45,000 break-up fee paid to JDP. The company is currently undergoing a Chapter 11 bankruptcy process. Charles & Colvard, Ltd. operates in the gemstone and jewelry industry.