French retailer Courbet, which made a splash when it brought lab-grown diamonds to the Place Vendôme, has filed a bid with the Paris Commercial Court to reorganize, according to a public notice dated Jan. 8.
The filing followed “a cessation of payments on Nov. 29, 2024” and a court-ordered receivership on Dec. 23, the notice said.
Courbet president Manuel Mallen tells JCK the judicial recovery procedure “gives us 18 months to find solutions.”
The company is “still alive and still working,” he adds. “We are optimistic. Business is better than expected, and new investors are interested.”
Courbet’s past investors included Chanel—which also invested in DiamConcept, a French lab-grown producer that went into receivership last May, then dissolved later in the year.
The court-appointed administrator for Courbet did not return a request for comment.
Top: One of Courbet’s jewelry pieces (photo courtesy of Courbet)
- Subscribe to the JCK News Daily
- Subscribe to the JCK Special Report
- Follow JCK on Instagram: @jckmagazine
- Follow JCK on X: @jckmagazine
- Follow JCK on Facebook: @jckmagazine
