CHARLES & COLVARD LTD
charlesandcolvard.comWhat Do They Do?
Sells finished jewelry set with lab-created gemstones, along with loose moissanite and lab-grown diamonds, to consumers, retailers, and distributors.
10-K for FY2024, filed Apr 3, 2025
How Do They Make Money?
Customers typically pay for gemstone and jewelry orders after shipment or delivery; website shoppers pay in advance. For consigned goods, payment follows the customer telling the company it will keep the inventory.
10-K for FY2024, filed Apr 3, 2025
-
10-K for FY2024, filed Apr 3, 2025
FY2024 revenue by product or service ↗
$22M
-
10-K for FY2024, filed Apr 3, 2025
$22M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Finished Jewelry
Sold outright
10-K for FY2024, filed Apr 3, 2025 |
92%
FY2021: 62%
|
Finished Jewelry, FY2024
$20.1M Sources
|
Sold outright |
|
Loose Jewels
Sold outright
|
8.3%
FY2021: 38%
|
Loose Jewels, FY2024
$1.8M Sources
|
Sold outright |
Who Are Their Customers?
Consumers buy through the company’s websites and online marketplaces; distributors, retailers, and online-only sellers source goods through wholesale and drop-ship arrangements.
10-K for FY2024, filed Apr 3, 2025We offer gemstones and finished jewelry featuring our proprietary moissanite jewels, premium lab grown diamonds, created color gemstones…View ↗
Charles & Colvard Direct. In May 2023, we launched charlesandcolvarddirect.com, a direct-to-wholesaler online sales portal, which is…View ↗
Drop Ship Retail. In an effort to expand their product offerings and assortments, many retailers utilize direct fulfillment from their…View ↗
Do Revenues Turn Into Profits?
No. It lost $14.4M in FY2024.
10-K for FY2024, filed Apr 3, 2025
−$14.6MView ↗
10-K for FY2024, filed Apr 3, 2025
−$14.4MView ↗
10-K for FY2024, filed Apr 3, 2025
−$8.3MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2025, filed Aug 4, 2025
−$2MView ↗
- ▼ −46% (Loss)
- vs −$3.6M in Q3 FY2024
10-Q for Q3 FY2025, filed Aug 4, 2025
Open tableView ↗
-
Sep 3, 2026
Company reports asset sale and cessation of operations
A monthly bankruptcy report says the company sold its assets during the reporting period and ceased operations.
Sources
8-K, filed Sep 3, 2026
The Debtor sold it's assets during the reporting period and ceased operations.View ↗
Shrinking. Revenue fell 25% in 4 years, from $29.2M in FY2020 to $22M in FY2024, about 7% a year.
Wholesale online portal
The latest report adds a direct-to-wholesaler portal for loose gemstones, giving domestic and international gemstone retailers and distributors online access; the earlier report described consumer websites, marketplaces, drop-ship sellers, and online-only outlets.
10-K for FY2021, filed Sep 3, 2021 10-K for FY2024, filed Apr 3, 2025We sell loose moissanite jewels, lab grown diamonds, and finished jewelry set with these gems through two operating segments: our Online…View ↗
Charles & Colvard Direct. In May 2023, we launched charlesandcolvarddirect.com, a direct-to-wholesaler online sales portal, which is…View ↗
Company showroom
The latest report includes end-consumers among Traditional segment customers through the company’s Signature Showroom; the earlier report described distributors and retail customers but not its own showroom.
10-K for FY2021, filed Sep 3, 2021 10-K for FY2024, filed Apr 3, 2025We sell loose moissanite jewels, lab grown diamonds, and finished jewelry set with these gems through two operating segments: our Online…View ↗
We offer gemstones and finished jewelry featuring our proprietary moissanite jewels, premium lab grown diamonds, created color gemstones…View ↗
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