v3.25.1
INVENTORIES, NET
 3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
INVENTORIES, NET INVENTORIES, NET
Inventories, net consist of the following (in thousands):

March 31,December 31,
20252024
Loose diamonds$6,491 $6,097 
Fine jewelry and other34,011 32,732 
Allowance for inventory obsolescence(654)(537)
Total inventories, net$39,848 $38,292 

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

Three Months Ended
March 31,
20252024
Balance at beginning of period$(537)$(355)
Change in allowance for inventory obsolescence(117)66 
Balance at end of period$(654)$(289)

As of March 31, 2025 and December 31, 2024, the Company had $16.2 million and $15.6 million, respectively, in consigned inventory held on behalf of suppliers which is not recorded in the unaudited condensed consolidated balance sheets.