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LJ International Inc (JADE) Announces First Half Fiscal 2007 Financial Results

LJ International Inc. (JADE), a leading jewelry manufacturer and retailer, announced financial results for the Company’s first six months ended June 30, 2007.

Specifically, revenues for the first six months totaled $67.16 million, up 34% from $50.10 million in the first six months of 2006. Net income for the first six months was $1.83 million, or $0.08 per fully diluted share, up 60% on a per-share basis from $0.95 million, or $0.05 per fully diluted share, in the first six months of 2006.

Furthermore, LJ Internationals gross profit in the first six months of 2007 rose to $19.32 million, or 29% of revenues, from $13.10 million, or 26% of revenues, in 2006.

Selling, general, and administrative expenses for the first six months of 2007 totaled $15.06 million, up from $10.90 million in the first six months of 2006. The increase can be attributed to increased advertising, rental, staffing and other costs; as well as higher corporate-level expenses that include legal and professional advisory services.

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