INVENTORIES (Details) (USD $)	6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Total inventories, net of reserves [Abstract]
Raw materials	$ 3,144,963	$ 3,448,686
Work-in-process	9,366,504	3,900,950
Finished goods	23,605,336	24,978,221
Finished goods on consignment	718,713	843,153
Less inventory reserves	(450,000)	(375,000)
Total	36,385,516	32,796,010
Current portion	9,031,685	8,442,430
Long-term portion	27,353,831	24,353,580
Period considered for classification of long term inventory	12 months
Work-in-process inventories issued to active production jobs	4,750,000	1,120,000
Inventory reserve for obsolescence	39,000
Shrinkage reserve for finished goods on consignment	6,000	20,000
Inventory of net loose jewels	28,950,000	25,990,000
Inventory reserve for shrinkage of loose jewels	88,000	36,000
Inventory reserve for shrinkage of loose jewels on consignment	0	17,000
Inventory reserve for recuts	134,000	109,000
Inventory of net jewelry	7,430,000	6,710,000
Scrap reserve	169,000	132,000
Inventory reserve for shrinkage of finished jewelry	20,000	98,000
Inventory reserve for shrinkage of finished jewelry on consignment	$ 6,000	$ 3,000