INVENTORIES (Tables)

6 Months Ended

Dec. 31, 2024

INVENTORIES [Abstract]

Inventories

The Company’s total inventories, net, consisted of the following as of the dates presented:

	December 31, 2024		June 30, 2024
Finished jewelry:
Raw materials	$	1,037,575	$	1,014,072
Work-in-process		1,242,017		433,150
Finished goods		9,219,522		10,927,372
Finished goods on consignment		1,984,040		2,247,609
Total finished jewelry	$	13,483,154	$	14,622,203
Loose jewels:
Raw materials	$	1,732,876	$	1,908,677
Work-in-process		4,684,664		5,393,035
Finished goods		3,046,554		2,577,648
Finished goods on consignment		200,675		201,345
Total loose jewels		9,664,769		10,080,705
Total supplies inventory		180,338		227,477
Total inventory	$	23,328,261	$	24,930,385

As of the dates presented, the Company’s total inventories, net of reserves, are classified as follows:

	December 31, 2024		June 30, 2024
Short-term portion	$	5,905,179	$	7,507,303
Long-term portion		17,423,082		17,423,082
Total	$	23,328,261	$	24,930,385