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Jewelry marketer LJI books record $20mn in orders at JCK Show

15
Jun '05

One of the fastest-growing jewelry companies in the world LJ International Inc reported the 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 order volume is a new JCK Show record for LJI. It says sales at Exhibition Point to further revenue growth in core markets.

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. 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.

''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. and Europe,'' said Yu Chuan Yih, Chairman and CEO of LJ International.

''They 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. We should be on pace for a solid third quarter, despite a slowing U.S. economy which has impacted other suppliers, particularly those that do not have our competitive advantages, in particular our manufacturing base in China.

They are confident that the retailers' interest reflects the taste of consumers, not just in North America but worldwide. That bodes well for our own retailing operation just getting under way in China.''

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