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INVENTORIES, NET

9 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

INVENTORIES, NET

INVENTORIES, NET

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

			September 30,						December 31,
			2024						2023
Loose diamonds			$	7,032					$	8,168
Fine jewelry and other			31,696						29,975
Allowance for inventory obsolescence			(198)						(355)
Total inventories, net			$	38,530					$	37,788

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

			Nine Months Ended September 30,
			2024						2023
Balance at beginning of period			$	(355)					$	(307)
Change in allowance for inventory obsolescence			157						(49)
Balance at end of period			$	(198)					$	(356)

As of September 30, 2024 and December 31, 2023, the Company had $16.3 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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