LJ International's ENZO Brand Ranked as One of the Top Four Desired Luxury Brands in CBNweekly Survey
October 27 2010 - 7:00AM
Marketwired
LJ International Inc. (LJI) (NASDAQ: JADE) today announced that the
Company's ENZO retail line of products have been ranked as one of
the top four most desired luxury brands for jewelry in a survey
assessing consumer preferences. The survey was conducted among
consumers in the metropolitan Shanghai region.
The leading Chinese business publication, CBNweekly, (October
11, 2010 edition), ranked ENZO along with major foreign brands in
two categories -- "brand recognition" and "demonstrated buyer
preference". ENZO placed fourth in each category, among a group
that included Cartier, Tiffany and Bulgari. ENZO placed ahead of
other high-end jewelers including: Gucci, Mikimoto, Graff,
Pomelatto, Oxette, George Jensen and Chanel.
ENZO is the retail division of LJ International, currently
operating more than 124 stores throughout China, including 20
operations in Shanghai alone.
"The survey results confirm ENZO's status as a retail brand
regarded as world-class by sophisticated, affluent Chinese
consumers," stated LJI's Chairman and CEO, Yu Chuan Yih. "This
distinction is especially gratifying because the ENZO brand is only
five years old. To be compared to brands going back a century or
more is a sign of our rapid progress in establishing a reputation
for top-quality, as well as sophisticated and contemporary
design."
CBNweekly is a publication of First Financial, a cross-media,
cross-regional, cross-industry professional financial information
provider. First Financial serves Chinese investors and the global
Chinese economic community by providing real-time, rigorous,
high-quality and in-depth analysis of financial news to create a
financial information platform of international influence.
About LJ International Inc. LJ
International Inc. (LJI) (NASDAQ: JADE) is engaged in the
designing, branding, marketing and distribution of its full range
of jewelry which reflects today's consumer preference for
affordable luxury. It has built its global business on a vertical
integration strategy, and an unwavering commitment to quality and
service. Through its China-based ENZO retail chain stores, LJI is
now a major presence in China's fast-growing retail jewelry market.
As a wholesaler, it distributes to fine jewelers, department
stores, national jewelry chains and electronic and specialty
retailers throughout North America and Western Europe. Its product
lines incorporate all major categories, including earrings,
necklaces, pendants, rings and bracelets. For more information on
the Company, visit the Company's website at www.ljintl.com.
Cautionary Note Regarding Forward-Looking
Statements: This press release may contain "forward-looking
statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements can be
identified by words such as "anticipates," "intends," "plans,"
"seeks," "believes," "estimates," "expects" and similar references
to future periods. Forward-looking statements are based on our
current expectations and assumptions regarding our business, the
economy and other future conditions. Because forward-looking
statements relate to the future, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. Our actual results may differ materially from
those contemplated by the forward-looking statements. They are
neither statements of historical fact nor guarantees or assurances
of future performance. We caution you therefore against relying on
any of these forward-looking statements. Factors that could cause
actual results to differ materially from such statements, as well
as additional risk factors, are detailed in the Company's most
recent filings with the Securities and Exchange Commission. Any
forward-looking statement made by us in this press release speaks
only as of the date on which it is made. We undertake no obligation
to publicly update any forward-looking information contained in
this press release or with respect to the announcements described
herein, except as may be required by law.
Contacts Corporate: Mr. Ringo Ng Chief Financial Officer LJ
International Inc. Tel: 011-852-2170-0018 Email Contact
www.ljintl.com Investor Relations: Ms. Jennifer K. Zimmons/ Mr.
Richard Cooper Managing Director/President Cooper Global
Communications Tel: 212-317-1400 Email Contact Email Contact
www.cooperglobalcommunications.com
LJ International, Inc. (MM) (NASDAQ:JADE)
Historical Stock Chart
From Sep 2024 to Oct 2024
LJ International, Inc. (MM) (NASDAQ:JADE)
Historical Stock Chart
From Oct 2023 to Oct 2024