INVENTORIES (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Total inventories, net of reserves [Abstract]
Raw materials	$ 6,932,139	$ 4,917,399
Work-in-process	6,031,745	6,292,679
Finished goods	20,441,535	27,985,067
Finished goods on consignment	293,001	677,484
Less inventory reserves	(1,370,000)	(934,000)
Total	32,328,420	38,938,629
Short-term portion	10,739,798	13,320,639
Long-term portion	21,588,622	25,617,990
Shrinkage reserve for finished goods on consignment	37,000	53,000
Inventory of net loose jewels	28,190,000	31,950,000
Inventory reserve for shrinkage of loose jewels	50,000	17,000
Inventory reserve for shrinkage of loose jewels on consignment	10,000	17,000
Inventory reserve for recuts	449,000	216,000
Sale of slow moving loose jewel inventory of less desirable quality	2,280,000
Lower of cost or market value	352,000
Inventory of net jewelry	4,100,000	6,930,000
Scrap reserve	4,000	101,000
Inventory reserve for shrinkage of finished jewelry	95,000	192,000
Inventory reserve for shrinkage of finished jewelry on consignment	27,000	36,000
Inventory reserve for shrinkage of finished jewelry on repairs	$ 31,000	$ 127,000