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Inventories, Net | 12 Months Ended
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Dec. 31, 2021
Inventory Disclosure [Abstract] |
Inventories, Net | INVENTORIES, NET Inventories, net consist of the following (in thousands):
| December 31,
| 2021 |  | 2020
Loose diamonds | $ | 9,013 |  |  | $ | 4,938 |
Fine jewelry and other | 15,990 |  |  | 8,863 |
Allowance for inventory obsolescence | (260) |  |  | (242) |
Total inventories, net | $ | 24,743 |  |  | $ | 13,559 |
The allowance for inventory obsolescence consists of the following (in thousands):
| December 31,
| 2021 |  | 2020 |  | 2019
Balance at beginning of period | $ | (242) |  |  | $ | (169) |  |  | $ | (145) |
Change in allowance for inventory obsolescence | (18) |  |  | (73) |  |  | (24) |
Balance at end of period | $ | (260) |  |  | $ | (242) |  |  | $ | (169) |
Provisions for inventory obsolescence included in cost of sales in the consolidated statements of operations were less than $0.1 million for the years ended December 31, 2021, 2020 and 2019, respectively. As of December 31, 2021 and December 31, 2020, the Company had $16.9 million and $11.7 million, respectively, in consigned inventory held on behalf of suppliers which is not recorded in the consolidated balance sheets.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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