Please note: This review reflects information we gathered on the date it was researched and may now be out of date. Providers frequently change their pricing, plans, medications, and policies. Any ratings, reviews, and customer feedback are gathered from publicly available online sources and may have since changed or no longer be accurate. Always do your own research and confirm the latest details directly with the provider before making any decision.
Charles & Colvard Review
The stones are real and the prices are keen. The company filed Chapter 11 in March 2026 and sold its assets for $1.5 million — and the site still promises a lifetime warranty.
Charles & Colvard
Chapter 11, March 2026From its own SEC filings: on 2 March 2026 Charles & Colvard, Ltd. filed a voluntary Chapter 11 petition in the Eastern District of North Carolina. In July 2026 it reported that Jewelry Design Partners LLC would acquire its assets and assume “certain liabilities” for $1,500,000, largely by credit bid. Meanwhile the homepage still advertises Forever One as “backed by a lifetime warranty” — while the warranty page says “limited warranty”.
And the sizing trap. Returns close 30 days after shipping, at your postage cost — but engraved, personalised and custom jewellery is final sale. Engagement rings are what people engrave, and substantial weight loss commonly moves a finger one to two ring sizes. Buy plain, buy resizable, buy late.
To be clear about what is not wrong: moissanite is a legitimate silicon carbide gemstone and this company originated the commercial lab-grown version in 1995; the Caydia line is genuine lab-grown diamond. The site was trading normally when we checked, with a service portal offering repair or resize. Note the return fees: $50 if moissanite comes back without its warranty card, $150 for a lab-grown diamond without certification.
Affiliate disclosure: GLP1Drugs.org earns a commission if you buy through the links on this page. Every bankruptcy fact here is read from the company's own 8-K filings, which are public record. Our advice — do not buy a gift card, do not engrave it, and ask about pre-March-2026 warranties in writing — reduces what we earn. Verified 8 August 2026.
Visit Charles & ColvardOur Top Recommended Provider: CoreAge Rx
After reviewing dozens of GLP-1 telehealth providers, CoreAge Rx is the one we recommend most. CoreAge Rx is one of our partners — read on for why we recommend them:
Flat-Rate Pricing
Same cost at every dose level — no price jumps as you titrate up.
Verified Pharmacies
US-licensed physicians and NABP-verified 503A compounding pharmacies you can trust.
Everything Included
Medication, supplies, free shipping, and ongoing clinical support — no hidden fees.
Active Community of Members
Ask questions, share progress, and get answers from other patients on the same journey — alongside ongoing clinical support from your care team.
$1.5m
Its Assets Sold For
1-2
Ring Sizes Lost Is Ordinary
30
Day Returns, Postage On You
$0
Returnable If You Engrave It
What The Filings Say
Six findings, four of them straight from the company's own 8-K reports to the SEC.
It Filed Chapter 11 On 2 March 2026
Its own 8-K, Item 1.03: 'Charles & Colvard, Ltd… filed a voluntary petition for relief… under Chapter 11… in the United States Bankruptcy Court for the Eastern District of North Carolina', continuing as debtor in possession
And Its Assets Were Sold For $1.5 Million
A July 2026 8-K reports Jewelry Design Partners LLC agreed to acquire the Company's assets and 'assume certain liabilities' for consideration of $1,500,000, largely by credit bid against its own debtor-in-possession loan
'Certain Liabilities' Is The Phrase To Notice
A bankruptcy asset sale transfers what the buyer agrees to take. Long-tail consumer obligations like a lifetime warranty are precisely the sort of liability that can be left behind with the estate rather than assumed
The Site Still Advertises A Lifetime Warranty
The homepage says Forever One moissanite is 'backed by a lifetime warranty'. The warranty page itself uses the narrower phrase 'limited warranty'. Those are not the same promise, and only one appears in the marketing
Engraved And Custom Rings Are Final Sale
The returns policy excludes 'personalized or engraved fine jewelry' and 'custom-designed jewelry'. Engagement rings are the item people most often engrave — so the sizing-sensitive purchase is the non-returnable one
And Your Finger Size Is Changing
Substantial weight loss reduces finger circumference. Rings are the one piece of jewellery that becomes genuinely unwearable or unsafe when loose, and returns close at 30 days against a treatment course of a year or more
The Timeline, From Public Filings
None of this is inference. Each row is drawn from a filing the company made itself.
| Date | What was filed or reported |
|---|---|
| 31 Mar 2025 | Last quarter with published financials: cash $1.26m, nine-month loss $6.64m |
| 17 Feb 2026 | NT 10-Q filed — notification that a quarterly report would be late |
| 2 Mar 2026 | Voluntary Chapter 11 petition filed, E.D.N.C.; continues as debtor in possession |
| 29 Apr 2026 | Court approves JDP as “stalking horse” bidder; bidding procedures set |
| 1 Jul 2026 | Asset sale completed — JDP acquires assets, assumes “certain liabilities”, $1,500,000 |
The brand and the website continue under the buyer, and the company said at filing that operations would carry on in the ordinary course. What we cannot tell you is whether warranties issued before March 2026 were among the liabilities assumed — which is why we would ask in writing rather than assume either way. If it is a ring you are buying while your weight is changing, our provider rankings and side-effects guide cover the treatment timeline that makes sizing the real issue.
Pros & Cons
Pros
- ✓The products are legitimate: moissanite is a real gemstone and lab-grown diamonds are chemically and physically diamond, so this is not a counterfeit or misrepresented material
- ✓The company originated lab-grown moissanite and has traded since 1995, so the expertise behind the gemstone is genuine
- ✓Every gemstone and jewellery item is stated to come with a certificate of authenticity and a warranty card
- ✓A service portal exists with distinct routes to register a warranty, submit a return, and request repair or resize — the resize option matters for anyone whose size is changing
- ✓The site remained operational and taking orders when we checked, and the company stated at filing that business would continue in the ordinary course
- ✓A 30-day return window from shipping, with a clear published list of what is and is not eligible
- ✓Lab-grown stones avoid the sourcing concerns of mined gems, and the company states it uses 100% recycled precious metals
- ✓Free shipping is advertised, with live chat, a phone line and virtual consultations available
- ✓Prices for moissanite are a fraction of mined diamond equivalents, which is the core value proposition and remains true
Cons
- ✕Charles & Colvard, Ltd. filed a voluntary Chapter 11 petition on 2 March 2026 in the Eastern District of North Carolina
- ✕Its assets were agreed to be sold to Jewelry Design Partners LLC for $1,500,000, with the buyer assuming only 'certain liabilities'
- ✕Whether pre-bankruptcy lifetime warranty obligations were assumed by the buyer is not something we could establish, and it is the single most important question for a buyer
- ✕The shares no longer show a Nasdaq listing in SEC records and the company described itself as OTC: CTHR at the time of filing
- ✕It filed an NT 10-Q in February 2026 notifying late reporting, and we found no financial statements published after the quarter ended 31 March 2025
- ✕Before filing, cash had fallen from $4.14m at 30 June 2024 to $1.26m at 31 March 2025, with a $6.64m loss over those nine months
- ✕A former director who resigned on 25 March 2026 is a Manager of the buying entity, a related-party feature of the sale
- ✕The homepage promises a 'lifetime warranty' while the warranty page describes a 'limited warranty'
- ✕Engraved, personalised and custom-designed jewellery is final sale and cannot be returned at all
- ✕Return shipping is at the customer's expense, and returns require original packaging, proof of purchase and an RMA number
- ✕Moissanite returned without its warranty card incurs a $50 fee; a lab-grown diamond returned without certification incurs $150
- ✕Any free promotional gift must be returned too, or its full retail value is deducted from your refund
- ✕A 30-day window is far shorter than the period over which GLP-1 treatment changes your ring size
Our Verdict
2.3 / 5 — genuine stones at genuine value, and a lifetime promise attached to a company that has been through Chapter 11 and an asset sale.
Nothing is wrong with the product, and that matters given what follows. Moissanite is a real gemstone — silicon carbide, hard, durable, brighter and more dispersive than diamond — and Charles & Colvard originated the commercial lab-grown version in 1995. Its Caydia line is lab-grown diamond, which is chemically and physically diamond rather than an imitation. The company states it uses 100% recycled precious metals. The website was trading normally when we checked, with a working service portal offering warranty registration, returns and repair or resize, plus live chat and a phone line. The value proposition — a large, bright stone for a fraction of mined-diamond money — is real and unaffected by anything below.
The problem is the corporate history, and it comes from the company's own filings rather than from rumour. On 2 March 2026 Charles & Colvard, Ltd. filed a voluntary Chapter 11 petition in the Eastern District of North Carolina. On 1 July 2026 it reported completion of a transaction in which Jewelry Design Partners LLC acquired its assets and assumed 'certain liabilities' for $1,500,000, largely satisfied by credit bid against the debtor-in-possession loan JDP had itself provided; a director who resigned in March is a Manager of the buyer. Before all this, cash had fallen from $4.14m in June 2024 to $1.26m by March 2025 against a $6.64m nine-month loss, and a late-filing notice went in during February 2026. Meanwhile the homepage still promises Forever One is 'backed by a lifetime warranty', while the warranty page itself says 'limited warranty'. In an asset sale the buyer takes the obligations it agrees to take, and decades-long consumer warranties are exactly the sort of liability that can be left with the estate. We could not establish whether they were assumed, and that uncertainty is the finding.
For our readers there is a second problem stacked on top. Returns close 30 days after shipping with postage at your cost, and engraved, personalised and custom-designed jewellery cannot be returned at all — which is precisely the category engagement rings fall into. Substantial weight loss commonly moves a finger by one to two ring sizes, and a loose ring is not a cosmetic issue but a lost-ring risk. So the recommendation is specific rather than a refusal. Buy a finished piece rather than a custom one. Do not engrave it while your size is changing. Keep the box, the warranty card and the diamond certification, because losing them costs $50 or $150 on a return. Do not buy a gift card, leave a deposit, or accumulate points. And if a ring is the point, a local jeweller who will resize it in person for years is worth more to you than any manufacturer's warranty right now.
Visit Charles & ColvardFrequently Asked Questions
Is Charles & Colvard still in business?
It was still trading when we checked, and it has been through Chapter 11 and an asset sale, and both of those things need stating together. The facts come from the company's own filings with the SEC. On 2 March 2026 Charles & Colvard, Ltd. filed a voluntary petition for relief under Chapter 11 in the United States Bankruptcy Court for the Eastern District of North Carolina, continuing to operate as a debtor in possession. In its news release the following day the company said customers 'can continue to shop with confidence… with business operations continuing in the ordinary course without interruption', and described a court-supervised process as the best path to long-term success. Then on 1 July 2026 it reported completion of a transaction under which Jewelry Design Partners LLC — an affiliate of Van Lang Jewelry LLC — acquired the assets of the company and assumed certain liabilities for consideration of $1,500,000, largely satisfied by credit bid against the debtor-in-possession loan JDP had itself provided. JDP had been approved as the stalking-horse bidder in April, with a final sale hearing on 22 June 2026. So: the brand continues, the website works, and the corporate entity that built it went through bankruptcy and sold its assets for one and a half million dollars. None of that makes the jewellery bad. It changes what a long-term promise attached to it is worth.
Is the lifetime warranty still good?
We cannot tell you, and that uncertainty is itself the answer you need. Here is the problem stated precisely. The homepage advertises Forever One moissanite as 'backed by a lifetime warranty'. A lifetime warranty is a promise that may need honouring in twenty or thirty years. The entity that issued those promises filed Chapter 11 in March 2026, and in July 2026 reported that a buyer had agreed to acquire its assets and assume 'certain liabilities'. That phrase is doing a great deal of work. In a bankruptcy sale the purchaser takes the obligations it agrees to take; liabilities it does not assume generally remain with the estate, where consumer claims rank as unsecured and typically recover little or nothing. Long-tail obligations such as lifetime warranties, gift cards and loyalty balances are exactly the category most often excluded. We could not establish from the filings we read whether pre-petition warranty obligations were assumed, and we are not going to guess. Note too that the marketing and the policy page do not use the same word: the homepage says 'lifetime warranty', while the warranty page says the company offers 'a certificate of authenticity and limited warranty'. If a durable warranty is part of why you are buying, ask in writing, before ordering, whether the current operating entity honours warranties issued before March 2026 — and keep the reply.
Why does this matter more for engagement rings?
Because an engagement ring is the purchase where a long warranty, a permanent fit and an irreversible personalisation all collide. Consider the combination. A ring is the one piece of jewellery that stops working when it no longer fits: too loose and it turns, catches and falls off, and people lose them. Engraving is common and, per the published returns policy, 'personalised or engraved fine jewelry' and 'custom-designed jewelry' are final sale — so the most personal version of the purchase is the one you cannot return at all. Returns otherwise close 30 days after shipping, with return postage at your cost. And the warranty that would normally cover a stone loosening in its setting over years is the promise whose durability we have just questioned. Now add the reason our readers are here: substantial weight loss reduces finger circumference, and a ring bought at the start of treatment may not fit by the end of it. Resizing is possible — the company's service portal offers repair or resize — but resizing has limits depending on the setting, and it depends on there being a company to do it. If you are buying a ring during active weight change, the safest structure is: buy unengraved, buy from a jeweller who resizes locally, and treat any manufacturer warranty as a bonus rather than a plan.
How much does weight loss actually change ring size?
Enough to matter, and more than people expect. There is no single conversion, but the direction and rough scale are well recognised: hands lose subcutaneous fat and any fluid retention resolves, so finger circumference drops, and a change of one to two ring sizes over a substantial weight loss is entirely ordinary — sometimes more. For context on the size of the underlying change, semaglutide 2.4mg produced a mean 14.9% body-weight reduction over 68 weeks in STEP 1, and tirzepatide 15mg 20.9% over 72 weeks in SURMOUNT-1. Those are averages across trial populations rather than predictions for you, but a person 15 to 20% lighter is usually not wearing the same rings. Three practical notes. Fingers also swell and shrink with heat, salt, exercise and time of day, so measure in the afternoon at a normal temperature rather than first thing on a cold morning. If a ring has become loose enough to spin freely, treat it as at risk of loss and stop wearing it until resized. And if you are between sizes during active weight change, a temporary ring guard or sizing insert is a cheap interim fix that does not commit you to a permanent alteration you will need to reverse.
Is moissanite a legitimate stone or a fake diamond?
It is a legitimate gemstone in its own right, and this is worth saying clearly because the criticisms in this review are about the company rather than the material. Moissanite is silicon carbide. It occurs naturally but so rarely that essentially all jewellery moissanite is lab-created, and Charles & Colvard originated the commercial lab-grown version. It is not a diamond and it is not a diamond simulant in the sense that cubic zirconia is a cheap stand-in: it is a hard, durable stone with higher refractive index and more dispersion than diamond, which is why it shows more coloured fire and why some people prefer its look while others find it too flashy. It scores just below diamond on hardness, which for everyday wear is entirely adequate. Separately, the company's Caydia line is lab-grown diamond, which is chemically, physically and optically diamond — not an imitation — and graded on the same scales as mined stones. So on materials there is no deception here at all, and the value case is real: you get a large, bright, durable stone for a fraction of the mined-diamond price. If a lab-grown diamond specifically is what you want, note that it has become dramatically cheaper across the market generally, so compare several sellers rather than assuming any one is priced keenly.
What is the returns policy exactly?
Thirty days with a substantial list of conditions, and the fees are worth knowing before you order. Returns must be made within 30 days of your item being shipped, and return shipping is your responsibility. Items must be in complete, unused, original condition with original packaging, the original warranty card or lab-grown diamond certification where applicable, proof of purchase, and a Return Merchandise Authorization number written on the outside of the package with the invoice inside. Ineligible for return: anything outside the 30-day window, anything intentionally altered or damaged, personalised or engraved fine jewellery, custom-designed jewellery, and Exotic Collection products whose tag has been damaged or removed. Two fees to note, because they are unusual and easy to trigger. Moissanite returned without its warranty card is subject to a $50 lost warranty card fee. Lab-grown diamond merchandise returned without the certification is subject to a $150 fee. So the small card in the box is worth $50 to $150 — keep the entire package intact until you are certain. And if your order came with a free promotional gift, that gift must go back too, or its full retail value is deducted from your refund. None of these terms is outrageous individually; together they mean a return needs the box you were sent, unopened paperwork included.
What did the financials look like before the filing?
Deteriorating quickly, which is the context for what followed. From the company's own SEC filings: revenue of $11.9m for the nine months to 31 March 2025 with a net loss of $6.64m over the same period, including a $1.97m loss in the January-to-March quarter alone. Cash and equivalents fell from $4.14m at 30 June 2024 to $2.74m at 30 September, $1.52m at 31 December, and $1.26m at 31 March 2025. Stockholders' equity declined from $23.6m to $19.1m across those quarters. In February 2026 the company filed an NT 10-Q, the form used to notify the SEC that a quarterly report will be late, and we found no financial statements published for any period after the quarter ended 31 March 2025 — which is itself informative. It had entered a Convertible Secured Note Purchase Agreement with Ethara Capital LLC in June 2025, an obligation the Chapter 11 filing noted might be accelerated. We report these figures because they are public and because they explain the outcome, not to editorialise about management. The practical takeaway for a buyer is simply that this was not a sudden shock: cash had been draining for at least a year and a half before the petition.
Should I buy a gift card or leave a deposit?
No. This is the clearest recommendation in the review. A gift card, a store credit, a deposit or an accumulated loyalty balance is your money sitting on someone else's balance sheet as an unsecured obligation. In a Chapter 11 case, holders of those balances are unsecured creditors, and in an asset sale where the buyer assumes only 'certain liabilities' they can be left with the estate. Historically, gift card holders in retail bankruptcies have been honoured partially, for a short window, or not at all. We would apply the same rule to any custom order requiring a deposit and to anything you pay for now and collect later. This is not a prediction about the current operating business, which was trading normally when we looked. It is the ordinary consequence of the disclosed facts, and the fix costs nothing: pay for a finished item, on a credit card so you retain a chargeback route, take delivery, and keep the paperwork. If you want to give jewellery as a gift and are worried about size — which, if the recipient is losing weight, you should be — a gift card is the intuitive answer and the wrong one here. Buy a plain, unengraved, resizable piece instead, or wait.
Who should buy here and who should not?
Buy if you want a large, bright moissanite or a lab-grown diamond at a keen price, you are buying a finished piece you can return within 30 days, you are not engraving it, and you are treating any lifetime warranty as a bonus rather than part of the value. On those terms this is a real product from the company that pioneered the stone, and the price advantage over mined diamond is genuine. Keep every card and the original box, because losing the warranty card or the diamond certification costs $50 or $150 on a return. Do not buy if the lifetime warranty is a material part of why you are choosing this brand — ask in writing first whether warranties issued before March 2026 are honoured by the current operating entity. Do not buy a gift card, leave a deposit, or bank loyalty points. Do not engrave an engagement or wedding ring bought during active weight change, because engraved items are final sale and your finger size is moving. And if a ring is the purchase, the strongest option for someone mid-treatment is a local jeweller who will resize it for you in person for years to come, which is a service that does not depend on any one company's balance sheet.
Do Not Engrave It While Your Size Is Moving
Engraved and custom jewellery is final sale, returns close at 30 days, and weight loss commonly moves a finger one to two ring sizes. Buy plain, keep the box, and skip the gift cards.
Visit Charles & ColvardCompare Other GLP-1 Providers
See how other telehealth providers stack up.
CoreAge Rx
#1 RecommendedFlat-rate pricing for compounded semaglutide and tirzepatide with NABP-verified pharmacies
Read Review →Boston Medical Group
Top RatedEstablished telehealth provider with physician oversight and transparent pricing
Read Review →Form Health
Comprehensive ProgramMultidisciplinary obesity medicine program with physicians, dietitians, and behavioral coaching
Read Review →Henry Meds
Top RatedWell-established telehealth platform with fast physician reviews and competitive pricing
Read Review →LifeMD
Top RatedPublicly traded telehealth company with comprehensive health platform and competitive pricing
Read Review →BeyondMD
Top RatedBoard-certified physician-led care with comprehensive medical oversight
Read Review →Disclaimer: This page is informational and is neither legal, financial nor medical advice. Charles & Colvard sells jewellery; it is not a healthcare provider and has no connection to any medication. Body-weight figures cited are averages from published trials in specific populations and are not predictions for any individual; ring-size change is described in general terms and varies between people. Consult a licensed clinician about any treatment decision. Information about bankruptcy proceedings and financial condition is drawn from public filings with the Securities and Exchange Commission as at the dates stated, is historical, and is not a forecast, an assessment of solvency, legal advice about the enforceability of any warranty or contract, investment advice or a recommendation regarding any security. We do not assert that any particular warranty is or is not enforceable; readers with an existing warranty or an intended purchase should seek confirmation directly from the current operating entity and, if the sum involved matters, their own legal advice. Descriptions of how liabilities are treated in bankruptcy asset sales are general and simplified.
Date reviewed: 8 August 2026. Corporate information is from Charles & Colvard, Ltd. (CIK 0001015155, described in its own March 2026 news release as OTC: CTHR) filings with the SEC. The Form 8-K filed 4 March 2026 states under Item 1.03 that 'On March 2, 2026… Charles & Colvard, Ltd… filed a voluntary petition for relief… under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the Eastern District of North Carolina', that the Debtor 'will seek to continue to operate its business and manage its properties as a debtor in possession', and under Item 2.04 that the filing might trigger defaults including under a Convertible Secured Note Purchase Agreement with Ethara Capital LLC dated 24 June 2025 and a lease with SBP Office Owner, L.P. The accompanying news release stated that customers 'can continue to shop with confidence for the Company's lab-grown fine jewelry at charlesandcolvard.com, with business operations continuing in the ordinary course without interruption'. The Form 8-K filed 8 July 2026, reporting an event dated 1 July 2026, states under Item 2.01 that Jewelry Design Partners LLC — an affiliate of Van Lang Jewelry LLC — 'agreed to acquire the assets of the Company (except for the Excluded Assets…) and assume certain liabilities… for consideration of $1,500,000 (subject to a credit bid and offset against all of the indebtedness owed to JDP under the Section 364 Financing Loan Agreement dated March 24, 2026)', that the Bankruptcy Court approved JDP as stalking-horse bidder on 29 April 2026 with a final sale hearing scheduled for 22 June 2026, and that a former director, Duc Pham, who resigned from the Board on 25 March 2026, is a Manager of JDP. Reported financials: revenue of $11,912,007 and net loss of $6,643,190 for the nine months ended 31 March 2025, including a net loss of $1,973,147 for the quarter then ended; cash and cash equivalents of $4,137,055 at 30 June 2024, $2,738,990 at 30 September 2024, $1,519,295 at 31 December 2024 and $1,257,099 at 31 March 2025; stockholders' equity of $23,559,275 at 30 September 2024, $21,053,733 at 31 December 2024 and $19,088,552 at 31 March 2025. An NT 10-Q was filed on 17 February 2026, and we located no financial statements for periods after the quarter ended 31 March 2025. Site content was read from charlesandcolvard.com on 8 August 2026 and may change, including the homepage statement that Forever One moissanite is 'backed by a lifetime warranty', the warranty page statement that 'With every gemstone and jewelry item we offer a certificate of authenticity and limited warranty', and the returns policy stating a 30-day window from shipping, that 'Return shipping costs are the responsibility of the customer', that returns must be 'in complete, unused, and original condition' with original packaging, warranty card or lab-grown diamond certification, proof of purchase and an RMA number, that ineligible items include 'personalized or engraved fine jewelry', 'custom-designed jewelry' and Exotic Collection products with damaged or removed tags, that 'Moissanite merchandise returned without a warranty card is subject to a $50 lost warranty card fee' and lab-grown diamond merchandise without certification 'is subject to a $150 fee', and that free promotional gifts must be returned or their full retail value deducted. STEP 1 and SURMOUNT-1 figures are as published.
Affiliate Disclosure: This site may receive compensation from affiliate partners. This does not influence our editorial content or review ratings.