INVENTORIES (Details) - USD ($)
|
Dec. 31, 2016 |
Dec. 31, 2015 |
| Total inventories, net of reserves [Abstract] |
|
|
| Raw materials |
$ 3,106,617
|
$ 6,932,139
|
| Work-in-process |
11,048,126
|
6,031,745
|
| Finished goods |
15,074,896
|
20,441,535
|
| Finished goods on consignment |
467,778
|
293,001
|
| Less inventory reserves |
(1,567,000)
|
(1,370,000)
|
| Total |
28,130,417
|
32,328,420
|
| Short-term portion |
9,770,206
|
10,739,798
|
| Long-term portion |
18,360,211
|
21,588,622
|
| Inventories issued to active production |
7,180,000
|
3,020,000
|
| Sale of slow moving loose jewel inventory of less desirable quality |
6,770,000
|
2,280,000
|
| Lower of cost or market value |
517,000
|
352,000
|
| Obsolescence reserve for certain fashion finished jewelry inventory |
169,000
|
164,000
|
| Carrying value of inventory reserve for obsolescence of moissanite |
258,000
|
225,000
|
| Shrinkage reserve for finished goods on consignment |
46,000
|
36,000
|
| Inventory of net loose jewels |
22,640,000
|
28,190,000
|
| Inventory reserve for shrinkage of loose jewels |
67,000
|
50,000
|
| Inventory reserve for shrinkage of loose jewels on consignment |
7,000
|
10,000
|
| Inventory reserve for recuts |
425,000
|
449,000
|
| Inventory of net jewelry |
5,480,000
|
4,100,000
|
| Inventory reserve for shrinkage of finished jewelry |
102,000
|
95,000
|
| Inventory reserve for shrinkage of finished jewelry on consignment |
39,000
|
27,000
|
| Inventory reserve for shrinkage of finished jewelry on repairs |
$ 29,000
|
$ 31,000
|