Tuesday, 23rd August 2005 (2781 views)

LJ International (LGI) is one of the world's fastest-growing jewellery companies and it has recently experienced great growth because of its involvement in the Chinese market.

China is currently experiencing an explosion in gold jewellery sales as disposable income has increased in recent years.

In a recent letter to shareholders the company reported expectations of "significant contributions in revenues and earnings from the ENZO retail stores in China".

LJ I expects sales in China to grow at an ever-larger rate and top the $77.4 million gained in sales revenue in 2004.

Although opening the ENZO stores in China has dented the company's profits, it hopes to recover these start-up costs in 2006.

Yu Chuan Yih, LJI's chairman and chief executive officer said: "We expect great things in the future, and so should you, our shareholders. In the near term, you'll probably be hearing news about LJI and its initiatives that should raise your expectations even higher."

 

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