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INVENTORIES, NET
12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
INVENTORIES, NET

6. INVENTORIES, NET

 

Inventories, net consist of the following:

 

Schedule of inventories, net          
   December 31,  December 31,
   2023  2022
       
Diamonds  $29,778,241   $— 
Impairment  $

(12,600,000

)     
Platinum   366,912    — 
Total prepayments, net  $17,545,153   $— 

 

Product obsolescence is closely monitored and reviewed by management on an ongoing basis. As of end of December 31 2023, allowance for obsolete was nil.