Actual results may vary significantly based on a number of factors, including,
but not limited to, uncertainties in product demand, the impact of competitive
products and pricing, changing economic conditions around the world, release
and sales of new products and other risk factors detailed in the company's
most recent annual report and other filings with the Securities and Exchange
Commission .03

Diluted $0.03

Weighted average number of shares used

in calculating diluted earnings per
share 13,735,652 11,904,788

Note 1: On January 1, 2005, the Company paid $2,827,500 for new issuance
of 3,900 common stock of Goldleaves International Limited (GIL),
in which the Company had 20% equity interests and is classified
as investment security as of December 31, 2004.com

AT INVESTOR RELATIONS INTL:
Haris Tajyar
Managing Partner
Tel: +1-818-382-9702
Email: htajyar@irintl .

isn uua

We're confident that the
retailers' interest reflects the taste of consumers, not just in North America
but worldwide. Restricted cash rose to
$7.m. Please call at least 10 minutes prior to the start time,
or hear the call live over the Internet by logging on to the Company's Website
at http://www. Its
product lines incorporate all major categories sought by major retailers,
including earrings, necklaces, pendants, rings and bracelets.

isn symbols

Earnings per fully diluted share were down $0. The Company showed an operating
income in the first quarter of 2005 totaling $31,000, compared to operating
income of $572,000 in the first quarter of 2004. It has built its global business, currently one of
the fastest-growing in the jewelry industry, on a vertical integration
strategy and an unwavering commitment to quality and service.


LJ INTERNATIONAL INC
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)

Three months ended
March 31
2005 2004
US$ US$
(Restated,
see Note 1)

Operating revenue $17,439 $14,497
Costs of goods sold (13,789) (11,061)
Gross profit 3,650 3 ,436

Selling, general and administrative expenses (3,619) (2,864)

Operating income 31 572

Other revenue and expense
Other revenues 36 32
Share of results of investment securities
(Note 1) 215 (66 )
Impairment loss on goodwill (Note 1) (1,493) --
Interest expenses (324) (182)

(Loss) Income before income taxes and
extraordinary gain (1,535) 356
Income taxes (102) (1)

(Loss) Income before extraordinary gain (1,637) 355
Extraordinary gain on negative goodwill
(Note 1 ) 1,886 --

Net income 249 355
Earnings per share:
Basic $0. The Company then
became the major stockholder holding 98% equity interests in GIL,
which became a subsidiary of the Company.


LJ INTERNATIONAL INC.

jewelers interim

The order
volume is a new JCK Show record for LJI.
The JCK Show-Las Vegas, one of the leading if not the largest exhibitions
in the global jewelry business, was held June 3 through June 7 and brought
together thousands of jewelry designers , manufacturers and buyers.

rosslyn asd

These
forward-looking statements may involve a number of risks and uncertainties .com. These
forward-looking statements may involve a number of risks and uncertainties.

imprint skinner

About LJ International
LJ International, Inc.
It has built its global business, currently one of the fastest-growing in the
jewelry industry, on a vertical integration strategy and an unwavering
commitment to quality and service. The gross margin for the latest quarter improved
sequentially from 17% in the fourth quarter of 2004. Long-term
debt was minimal and little changed, rising to $66,000 from $58,000.

asd earrings

For more information on LJI, go to its Web Site at http://www.

Forward looking statement: Except for the historical information, the
matters discussed in this news release may contain forward-looking statements,
including, but not limited to, factors relating to future sales.S.02
to $0.

rosslyn jewellers

01 from a year earlier,
reflecting the impact of additional shares issued from a recent private
placement, higher interest expenses and costs related to the expansion of
LJI's Chinese retail operation. Selling, general and
administrative expenses were $3.5 to $18 million, representing an increase of 7% to 10% from a year ago.

imprint bookmarks

LJ International Books Record $20 Million in Orders at Las Vegas JCK Show

65 million, for a gross margin
of 21%. EST to review the first quarter 2005 financial results and for a Q+A
session.02 $0.

beacon imprint

and
Europe,'' said Yu Chuan Yih, Chairman and CEO of LJ International.S. It trades on the Nasdaq National
Market under the symbol JADE. This represented the fifth consecutive quarter in which LJI recorded
sales gains of 20% or more year-over-year.8 million on March 31,
2005, compared to $9.02 $0.

uu interim

''We were
pleased to see such interest in, and demand for, our new product lines that we
have been working on for the past 18 months. economy which has impacted other
suppliers, particularly those that do not have our competitive advantages, in
particular our manufacturing base in China. That bodes well for our own retailing operation just getting
under way in China. This compares to gross profit of $3.62 million on December 31, 2004.39 million during the first quarter, while unrestricted
cash and cash equivalents fell to $1. LJI distributes
to fine jewelers, department stores, national jewelry chains and electronic
and specialty retailers throughout North America and Western Europe, with a
growing retail presence in China through stores and e-shopping sites.

unitarian inherent

com .com . (LJI) is a publicly-owned company, based in Hong
Kong and the U.01 each,
Authorized - 100 million shares,
Issued -
13,109,658 shares as of March 31, 2005;
12,304,658 shares as of December 31, 2004 131 123
Additional paid-in capital 25,784 23,382
Accumulated other comprehensive loss (175) (151)
Unearned compensation (37) (37)
Retained earnings 10,420 10,171
Total stockholders' equity 36,123 33,488

Total liabilities and stockholders' equity 75,130 74,371


For further information:

AT LJI:
Betty Ho
Vice President, Corporate Development
Tel: +852-2170-0001
Email: betty@ljintl.

jewelers symbols

(LJI) (Nasdaq: JADE), one of the fastest-growing jewelry
companies in the world, today reported that sales orders of approximately $20
million are expected to be booked in the next six months as a result of an
extraordinary show at the JCK Show held in Las Vegas last week.
''The JCK show is one of the major shows for LJI, and our strong
performance at this year's show is an indication that our sales growth will
continue at historical levels in our core markets such as the U.S.54 million from $3. It trades on
the Nasdaq National Market under the symbol JADE.com .

jewelers dignity

S.

For further information:

AT LJI:
Betty Ho,
Vice President, Corporate Development
Tel: +852-2170-0001
Email: betty@ljintl.
The Company indicated that the sharp rise in sales was due both to higher
orders from existing and new customers in all markets, along with a modest
contribution from sales at newly opened outlets of LJI's ENZO subsidiary in
China.62 million. and abroad. We
also see sales continuing to expand in our older markets, with no significant
clouds on the horizon.
Net income is expected to come in at a range of $250,000 to $350,000, or $0.

Conference Call Information
The Company will conduct a conference call today, May 12, 2005 at 11:00
a.S.
CONDENSED CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT SHARE DATA)

As of
As of December
March 31 31
2005 2004
(Unaudited)
ASSETS US$ US$
Current assets:
Cash and cash equivalents 1,535 3,228
Restricted cash 7,266 6,393
Trade receivables, net of allowance for
doubtful accounts (US$284 as of March
31,2005 and December 31, 2004) 12,148 15,653
Inventories 44,144 36,629
Prepayments and other current assets 1,480 2,539
Total current assets 66,573 64 ,442
Properties held for lease, net 1,438 1,452
Property, plant and equipment, net 5,107 4,673
Due from related parties 491 491
Goodwill, net 1,521 1 ,521
Investment securities, net (Restated, see
Note 1) -- 1,792

Total assets 75,130 74,371

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Bank overdrafts 2,919 607
Notes payable, current portion 2,993 2,487
Capitalized lease obligation, current
portion 22 19
Letters of credit, gold and other loans 20,244 21,911
Embedded derivative 1,462 1,462
Trade payables 7,413 9,553
Accrued expenses and other payables 3,588 4,631
Income taxes payable 104 68
Deferred taxation 87 87
Total current liabilities 38,832 40,825
Other payables , non-current 66 58
Total liabilities 38,898 40,883

Minority interest 109 --

Stockholders' equity
Common stocks, par value US$0.

moores beacon

We should be on pace for a solid
third quarter, despite a slowing U.
Actual results may vary significantly based on a number of factors, including,
but not limited to, uncertainties in product demand, the impact of competitive
products and pricing, changing economic conditions around the world, release
and sales of new products and other risk factors detailed in the company's
most recent annual report and other filings with the Securities and Exchange
Commission.44 million, or 24%, in the first
quarter of 2004.

Company Provides Second Quarter Guidance
LJI projects revenues for the second quarter to come in at a range of
$17.ljintl.

interim uu

China-based Jewelry Firm Says Sales at Exhibition Point to
Further Revenue Growth in Core Markets

HONG KONG and LOS ANGELES, LJ
International, Inc.23 million.03 cents per fully diluted share.

About LJ International
LJ International, Inc.

dignity interim

(LJI) (Nasdaq: JADE), one of the fastest-growing
jewelry companies in the world, today reported financial results for the first
quarter, ending March 31, 2005. Earnings per fully diluted share
over that time decreased to $0.

Forward looking statement: Except for the historical information, the
matters discussed in this news release may contain forward-looking statements,
including, but not limited to, factors relating to future sales .

rosslyn imprint

ljintl. Most of the 20% increase was due to
non-China sales, but we now have three Chinese retail outlets open -- with
four more to come in and these have started to make a contribution to
overall revenue. The call will be hosted by Betty Ho, Vice President of Corporate
Development., engaged in designing, branding, marketing and distributing
a full range of jewelry.

symbols rosslyn

Revenue Beats Forecast as Jeweler's China Expansion Continues

HONG KONG and LOS ANGELES, Calif.4 million above the top range of earlier guidance for the quarter,
and it was 20% above the $14. For the near term, costs of our expansion into the Mainland
China retail market will slow growth in net income even as sales continue to
rise briskly, but we are confident that profit will once again grow at rates
comparable to sales growth, or faster, as the start-up costs are absorbed. The conference call is accessible live via phone by dialing
888-338-6461, or 973-935-8509 for international callers , and asking for the LJ
International call.com

jewellers chalice

LJI distributes to fine jewelers,
department stores, national jewelry chains and electronic and specialty
retailers throughout North America and Western Europe, with a growing retail
presence in China through stores and e-shopping sites.

universalism earrings

,
LJ International, Inc. This was
about $1.
If you would like to be added to LJI's investor email lists please contact
Haris Tajyar with Investor Relations International athtajyar@irintl.

unitarianism jewellers

LJI's
order volume at the 2005 show was approximately 20% above the $17 million it
booked at JCK-Las Vegas in 2004, and 33 % above the $15 million it booked in
2003.com. (LJI), based in Hong Kong and the U.com


AT INVESTOR RELATIONS INTL:
Haris Tajyar,
Managing Partner
Tel: +1-818-382-9702
Email: htajyar@irintl.
Revenue for the first quarter of 2005 totaled $17.44 million.
Gross profit for the first quarter was $3.02 from $0.

wording skinner

Its product lines
incorporate all major categories sought by major retailers, including earrings,
necklaces , pendants, rings and bracelets.

LJ International Reports 20% Sales Gain in First Quarter

Revenue rose 20% over the first quarter of
2004.
LJI Chairman and CEO Yu Chuan Yih commented, ''We are pleased to see
another robust increase in sales, reflecting rising demand for our major
customers in the U.

rosslyn jewellers

''
If you would like to be added to LJI's investor email lists please contact
Haris Tajyar with Investor Relations International at htajyar@irintl., is engaged
in designing, branding , marketing and distributing a full range of jewelry.5 million reported in the first quarter of 2004 .03.''

Balance Sheet Remains Strong
LJI's balance sheet remained in its historical ranges, with cash and cash
equivalents (including restricted cash) totaling $8.27 million from $6 .ljintl.

inherent unitarian

com

As a result, primarily of a sharp increase in interest expenses to
$324,000 from $182,000 in 2004, net income in the first quarter of 2005 fell
to $249,000 from $355 ,000 a year earlier.
For more information on LJI, go to its Web Site at http://www.

sarah jewellers

---

- - kjjkjk

Loading...

(Note: These pages use the Atlas Content Safeguard System (ACSS) and require that Javascript is enabled for viewing.)