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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 1998
LJ INTERNATIONAL INC.
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(Translation of registrant's name into English)
UNIT #12, 12/F, BLOCK A, FOCAL INDUSTRIAL CENTER
21 MAN LOK STREET, HUNG HOM, KOWLOON, HONG KONG
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(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No X
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[If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-__________.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
LJ INTERNATIONAL INC.
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(Registrant)
Date: October 19, 1998 By: /s/ NG Hon Tak Ringo
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NG Hon Tak Ringo
Chief Financial Officer
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For Immediate Release
Businesswire: Hong Kong and New York October 12th, 1998 9:00 AM
LJ INTERNATIONAL ANNOUNCES RECORD 1ST QUARTER RESULTS
LJ International Inc. (Nasdaq symbol: JADEF) announces operating revenues of
$5.983 Million for 1st quarter ending July 31st, 1998 compared to $2.764
Million for the comparable period last year, an increase of +116%. Net Income
for the period increased to $620,000 versus $292,800 or +112%.
1st Quarter ended 7/31/98 7/31/97 % Chg.
Revenue $5.983M $2.674 +116%
Net Income $ .620M $ .293 +112%
The Company has 6,365,646 outstanding shares and had 4,539,000 for the same
period last year.
The results achieved were consistent with the forecasts that the Company has
presented in its strategic business plan.
LJ International is a vertically integrated gemstone cutter, designer and
manufacturer of fine gemstone jewelry in 14 & 18kt gold and sterling silver.
The Company operates two manufacturing facilities occupying 80,000 square in
the PRC and employs over 1,800 skilled craftsmen.
For more information contact Michael Fearnow at 409 597 7500 or Eugene Geller
at 702 897 4587 in the USA or contact LJI directly through our website
@www.ljinc.com.
