CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 15,919,631	$ 39,241,609
Adjustments to reconcile net income to cash provided by (used in) operating activities:
Depreciation and amortization	1,009,365	1,024,246
Amortization of deferred financing costs	162,322	0
Share based compensation for services	417,471	1,838,985
Inventory valuation allowance	0	6,301,209
Deferred tax provision (benefit)	1,348,181	(1,301,027)
Changes in operating assets and liabilities (Increase) decrease in:
Accounts receivable	307,315	515,603
Inventories	(69,261,230)	(48,770,478)
Other current assets and prepaid expenses	(134,535)	8,136,861
Value added tax recoverable	(9,744,403)	365,586
Increase (decrease) in:
Other payables and accrued expenses	2,438,517	(826,274)
Deposit payables	23,374,347	0
Income tax payable	(886,440)	134,356
Other taxes payable	1,052,294	(146,645)
Net cash (used in) provided by operating activities	(33,997,165)	6,514,031
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(59,406)	(173,164)
Cash deposit for land use right-Jewelry Park	0	(14,694,597)
Cash payment in construction in progress-Jewelry Park	(26,111,485)	0
Net cash used in investing activities	(26,170,891)	(14,867,761)
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from minority interest for capital registration	73,045	0
Proceeds from bank loans-short term	55,189,430	23,991,542
Repayments of bank loans-short term	(16,232,185)	(57,010,410)
Proceeds from long term loan	0	3,671,113
Restricted cash	(14,250,445)	(4,132,361)
Proceeds from related party loan	0	64,990,983
Repayments of related party loan	0	(12,998,197)
Cash dividend paid	0	(5,276,277)
Deferred financing costs	(649,287)	0
Net proceeds from debt financing instruments private placement	64,928,741	0
Net cash provided by financing activities	89,059,299	13,236,393
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS	(608,719)	(612,792)
NET INCREASE IN CASH AND CASH EQUIVALENTS	28,282,524	4,269,871
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,331,658	2,284,930
CASH AND CASH EQUIVALENTS, END OF PERIOD	29,614,182	6,554,801
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest expense	3,751,584	10,192,638
Cash paid for income tax	$ 4,243,891	$ 15,442,729