Courbet, the French luxury retailer known for introducing lab-grown diamonds to Place Vendôme, has filed for reorganization after struggling with financial difficulties. The move comes after the company ceased payments in November 2024 and entered receivership in December. Despite this, Courbet president Manuel Mallen remains hopeful, stating, "We are still alive and still working," and that the company is optimistic about turning things around.
The filing has granted Courbet an 18-month period to explore solutions, with new investors showing interest in the brand. This is not the first time Courbet has faced challenges; it follows a broader trend of French lab-grown diamond producers, such as DiamConcept, which also went into receivership last year.
As Courbet seeks to reorganize and secure its future, it faces mounting pressure but remains determined to navigate the hurdles ahead, supported by its strong brand presence and the growing demand for sustainable luxury jewelry. Will this iconic French brand bounce back, or is this the end of its journey in the lab-grown diamond market?