💥New Chapter 11 Bankruptcy Filing - Lugano Diamonds & Jewelry Inc.💥
Jewelry fraudster chose the wrong target: the wealthy
On November 16, 2025, Lugano Diamonds & Jewelry Inc. (“Lugano Diamonds”) and four affiliates (collectively, together with Lugano Diamonds, the “debtors”) filed chapter 11 cases in the District of Delaware (Judge Shannon). The debtors are designers, manufacturers, and retailers of “high-end” jewelry and are all-in trope as far as the wealthy go. We mean …
📍The name itself. The debtors take it from the luxurious Lake Lugano, which straddles the border of Switzerland and Italy … despite calling Newport Beach, CA home, which is, uh, 6k miles, ~1/4th of the way around the globe, away to the south and west.
📍The products. They scream for a paper bag to be dropped over ‘em.
Good g-d, is that sh*t ugly. This is their first day declaration best?
📍Their philanthropic endeavors. The debtors sponsor equestrian events and … holy hell … started an entire division of 🐎-inspired jewelry back in ‘08. Maybe the ultra elite have more in common with (a subset of) us than we ever imagined.
📍Their social scene. The debtors own Lugano Privé, an “… exclusive private social club …” where trust-fund kids can get hammered while pretending to be “… committed to philanthropic endeavors and giving back to and supporting the community,” without ever, you know, interacting with that community. Although founders and ~40% minority owners, Mordechai Haim “Moti” Ferder and Idit Ferder, may get the chance before long because …
📍Their finances. Nothing was amiss until spring ‘25, when the debtors’ parent, Compass Diversified Holding ($CODI), which had acquired a majority interest in the business from the Ferders in ‘21,* found out that the debtors’ financials were held up by … well …
