INVENTORIES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Total inventories, net of reserves [Abstract]
Raw materials	$ 4,858,734	$ 6,932,139
Work-in-process	8,488,719	6,031,745
Finished goods	13,909,914	20,441,535
Finished goods on consignment	247,416	293,001
Less inventory reserves	(1,422,000)	(1,370,000)
Total	26,082,783	32,328,420
Current portion	10,121,500	10,739,798
Long-term portion	$ 15,961,283	21,588,622
Period considered for classification of long term inventory	12 months
Work-in-process inventories issued to active production jobs	$ 6,010,000	3,020,000
Sale of slow moving loose jewel inventory of less desirable quality		2,280,000
Lower of cost or market reserve	528,000	352,000
Inventory reserve for obsolescence	155,000	164,000
Carrying value of inventory reserve for obsolescence of moissanite	185,000	225,000
Shrinkage reserve for finished goods on consignment	39,000	37,000
Inventory of net loose jewels	22,050,000	28,190,000
Inventory reserve for shrinkage of loose jewels	47,000	50,000
Inventory reserve for shrinkage of loose jewels on consignment	6,000	10,000
Inventory reserve for recut	400,000	449,000
Inventory of net jewelry	4,000,000	4,100,000
Inventory reserve for shrinkage of finished jewelry	93,000	95,000
Inventory reserve for shrinkage of finished jewelry on consignment	33,000	27,000
Inventory reserve for shrinkage of finished jewelry on repairs	$ 14,000	$ 31,000