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Inventories, Net

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Inventories, Net

INVENTORIES, NET

Inventories, net consist of the following (in thousands):

			March 31,						December 31,
			2024						2023
Loose diamonds			$	7,490					$	8,168
Fine jewelry and other			31,704						29,975
Allowance for inventory obsolescence			(289)						(355)
Total inventories, net			$	38,905					$	37,788

The allowance for inventory obsolescence consists of the following (in thousands):

			Three Months Ended March 31,
			2024						2023
Balance at beginning of period			$	(355)					$	(307)
Change in allowance for inventory obsolescence			66						(64)
Balance at end of period			$	(289)					$	(371)

As of March 31, 2024 and December 31, 2023, the Company had $21.1 million and $24.8 million, respectively, in consigned inventory held on behalf of suppliers which is not recorded in the unaudited condensed consolidated balance sheets.

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- References

No definition available.

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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
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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