INVENTORIES (Details) - USD ($) |
Sep. 30, 2024 |
Jun. 30, 2024 |
|---|---|---|
| Inventories [Abstract] | ||
| Total supplies inventory | $ 214,194 | $ 227,477 |
| Total inventory | 23,334,650 | 24,930,385 |
| Short-term portion | 5,911,568 | 7,507,303 |
| Long-term portion | 17,423,082 | 17,423,082 |
| Work-in-process inventories issued to active production jobs | 976,000 | 841,000 |
| Finished Jewelry [Member] | ||
| Inventories [Abstract] | ||
| Raw materials | 1,020,568 | 1,014,072 |
| Work-in-process | 836,342 | 433,150 |
| Finished goods | 8,239,263 | 10,927,372 |
| Finished goods on consignment | 2,137,870 | 2,247,609 |
| Total | 12,234,043 | 14,622,203 |
| Loose Jewels [Member] | ||
| Inventories [Abstract] | ||
| Raw materials | 1,776,615 | 1,908,677 |
| Work-in-process | 5,271,681 | 5,393,035 |
| Finished goods | 3,641,069 | 2,577,648 |
| Finished goods on consignment | 197,048 | 201,345 |
| Total | $ 10,886,413 | $ 10,080,705 |
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- Definition Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of completed merchandise or goods owned by the entity but in the hands of a customer, typically a reseller. No definition available.
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- Definition Including the current and noncurrent portions, aggregate carrying value as of the balance sheet date of inventory, after valuation and LIFO reserves. No definition available.
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- Definition Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of raw materials, work in process and finished goods, including those on consignment. No definition available.
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- Definition Work-in-process inventories issued to active production jobs. No definition available.
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- Definition Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Inventories not expected to be converted to cash, sold or exchanged within the normal operating cycle. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of products used directly or indirectly in the manufacturing or production process, which may or may not become part of the final product. May also include items used in the storage, presentation or transportation of physical goods. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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