Charles & Colvard to Sell Assets to Van Lang Jewelry

Charles & Colvard, Ltd. (OTC: CTHR) entered into an asset purchase agreement dated April 15, 2026 with Van Lang Jewelry LLC, or its affiliate Jewelry Design Partners LLC, as purchaser. The seller filed for Chapter 11 relief on March 2, 2026.

The agreement contemplates a sale of all right, title, and interest of Charles & Colvard and its bankruptcy estate in and to the assets, with assignment of assumed contracts, under Sections 363 and 365 of the Bankruptcy Code, subject to entry of a sale order. The filing describes Charles & Colvard as a lab-created gemstone fine jewelry company with online and traditional operating segments and a workforce of 26 full-time and 1 part-time employee as of the petition date.