CIRO INTERNATIONAL INC
10QSB, EX-11.1, 2000-08-17
JEWELRY, SILVERWARE & PLATED WARE
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                                                                    Exhibit 11.1


                    Ciro International, Inc. and Subsidiaries
           Statement Re: Computation of Per Share Earnings (Unaudited)

<TABLE>
<CAPTION>
                                                     Quarters                 Six Months
Periods Ended June 30                           2000         1999          2000        1999
----------------------------------------------------------------------------------------------
<S>                                          <C>          <C>           <C>          <C>
Basic Earnings Per Share:

Net Loss:                                     $(21,868)     $(5,150)     $(14,216)    $(10,919)

Weighted Average Shares Outstanding          7,160,000    7,160,000     7,160,000    7,160,000

Basic Earnings Per Share                            --           --            --           --
                                             =========    =========     =========    =========
</TABLE>



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