Moissanite money inspires dueling lawsuits

Moissanite maker Charles and Colvard and manufacturer K and G Creations are locked in a head-to-head battle in a North Carolina court, over which one owes the other money. Morrisville, N.C.-based Charles and Colvard fired the first shot on June 16, when it filed a complaint against K and G Creations in U.S. District Court for the Eastern District of North Carolina, Western Division. The complaint alleges that K and G Creations, also referenced in court documents as Jewelnet Corp. and Jewelnet Acquisition Corp., owes Charles and Colvard $2.83 million..

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