INVENTORIES (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Total inventories, net of reserves [Abstract]
Raw materials	$ 5,410,016	$ 4,917,399
Work-in-process	6,141,611	6,292,679
Finished goods	26,890,920	27,985,067
Finished goods on consignment	219,769	677,484
Less inventory reserves	(1,138,000)	(934,000)
Total	37,524,316	38,938,629
Current portion	13,927,427	13,320,639
Long-term portion	23,596,889	25,617,990
Period considered for classification of long term inventory	12 months
Work-in-process inventories issued to active production jobs	1,610,000	2,050,000
Inventory reserve for obsolescence	429,000	250,000
Carrying value of inventory reserve for obsolescence of moissanite		31,000
Shrinkage reserve for finished goods on consignment	26,000	53,000
Inventory of net loose jewels	30,970,000	31,950,000
Inventory reserve for shrinkage of loose jewels	9,000	17,000
Inventory reserve for shrinkage of loose jewels on consignment	8,000	17,000
Inventory reserve for recuts	216,000	216,000
Inventory of net jewelry	6,500,000	6,930,000
Scrap reserve	96,000	101,000
Inventory reserve for shrinkage of finished jewelry	231,000	192,000
Inventory reserve for shrinkage of finished jewelry on consignment	18,000	36,000
Inventory reserve for shrinkage of finished jewelry on repairs	$ 157,000	$ 127,000