CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)	3 Months Ended
Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 6,581,204us-gaap_ProfitLoss	$ 16,112,644us-gaap_ProfitLoss
Adjusted to reconcile net income to cash provided by (used in) operating activities:
Depreciation	334,192us-gaap_Depreciation	339,387us-gaap_Depreciation
Amortization of intangible assets	3,075us-gaap_AmortizationOfIntangibleAssets	3,089us-gaap_AmortizationOfIntangibleAssets
Share based compensation for services	212,783us-gaap_ShareBasedCompensation	612,995us-gaap_ShareBasedCompensation
Inventory valuation allowance	2,978,101us-gaap_InventoryWriteDown	0us-gaap_InventoryWriteDown
Deferred tax (benefit) provision	(744,525)us-gaap_DeferredIncomeTaxExpenseBenefit	275,634us-gaap_DeferredIncomeTaxExpenseBenefit
(Increase) decrease in:
Accounts receivable	503,537	473,101
Inventories	(2,360,577)us-gaap_IncreaseDecreaseInInventories	(45,275,221)us-gaap_IncreaseDecreaseInInventories
Other current assets and prepaid expenses	(48,362)	8,147,809
Deferred financing costs	(488,249)	0
Value added tax recoverable	158,617us-gaap_IncreaseDecreaseInPrepaidTaxes	(1,628,968)us-gaap_IncreaseDecreaseInPrepaidTaxes
Increase (decrease) in:
Other payables and accrued expenses	442,050	(263,291)
Customer deposits	687,386	0
Income tax payable	1,749,934	3,222,075
Other taxes payable	(652,139)	(847,977)
Net cash provided by (used in) operating activities	9,357,027	(18,828,723)
Purchase of property and equipment	(26,586)	(69,937)
Cash deposit for land use right-Jewelry Park	0us-gaap_PaymentsForOtherDeposits	(8,173,006)us-gaap_PaymentsForOtherDeposits
Cash payment in construction in progress-Jewelry Park	(5,561,161)	0
Net cash used in investing activities	(5,587,747)	(8,242,943)
Proceeds from bank loans-short term	0us-gaap_ProceedsFromBankDebt	7,764,356us-gaap_ProceedsFromBankDebt
Repayments of bank loans-short term	0us-gaap_RepaymentsOfBankDebt	(17,980,614)us-gaap_RepaymentsOfBankDebt
Proceeds from long term loan	0	3,689,295
Restricted cash	(10,839)	(12,888,539)
Proceeds from related party loan	0us-gaap_ProceedsFromRelatedPartyDebt	64,901,350us-gaap_ProceedsFromRelatedPartyDebt
Repayments of related party loan	0us-gaap_RepaymentsOfRelatedPartyDebt	(12,980,270)us-gaap_RepaymentsOfRelatedPartyDebt
Proceeds from debt financing instruments-private placement	65,099,928	0
Net cash provided by financing activities	65,089,089	32,505,578
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS	269,714	(213,403)
NET INCREASE IN CASH AND CASH EQUIVALENTS	69,128,083	5,220,509
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	1,331,658	2,284,930
CASH AND CASH EQUIVALENTS, END OF YEAR	70,459,741	7,505,439
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest expense	1,332,444us-gaap_InterestPaid	4,345,677us-gaap_InterestPaid
Cash paid for income tax	$ 978,968us-gaap_IncomeTaxesPaid	$ 3,266,968us-gaap_IncomeTaxesPaid

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Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.

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The cash outflow to settle a bank borrowing during the year.

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The cash outflow from repayment of borrowings to finance the cost of construction.

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The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates.

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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.

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