v3.26.1
INVENTORIES, NET
 3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
INVENTORIES, NET INVENTORIES, NET
Inventories, net consist of the following (in thousands):

March 31,
December 31,
2026
2025
Loose diamonds
$
10,603 
$
11,834 
Fine jewelry and other
44,655 
42,187 
Allowance for inventory obsolescence
(835)
(783)
Total inventories, net
$
54,423 
$
53,238 

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

Three Months Ended
March 31,
2026
2025
Balance at beginning of period
$
(783)
$
(537)
Change in allowance for inventory obsolescence
(52)
(117)
Balance at end of period
$
(835)
$
(654)

As of March 31, 2026 and December 31, 2025, the Company had $13.1 million and $12.6 million, respectively, in consigned inventory held on behalf of suppliers which is not recorded in the unaudited condensed consolidated balance sheets.