LJ
International Inc.
|
(Name
of Issuer)
|
Common
Stock, Par Value $0.01 Per Share
|
(Title
of Class of Securities)
|
G55312105
|
(CUSIP
Number)
|
December
31, 2008
|
(Date
of Event Which Requires Filing of this
Statement)
|
o | Rule 13d-1(b) |
x | Rule 13d-1(c) |
o | Rule 13d-1(d) |
1
|
NAME
OF REPORTING PERSON
Ramius
Select Equity Fund LP
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
16,667
shares (1)
|
|
6
|
SHARED
VOTING POWER
0
shares
|
||
7
|
SOLE
DISPOSITIVE POWER
16,667
shares (1)
|
||
8
|
SHARED
DISPOSITIVE POWER
0
shares
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,667
shares (1)
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less
than 1%
|
||
12
|
TYPE
OF REPORTING PERSON
PN
|
1
|
NAME
OF REPORTING PERSON
RCG
Baldwin, L.P.
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
0
shares
|
|
6
|
SHARED
VOTING POWER
0
shares
|
||
7
|
SOLE
DISPOSITIVE POWER
0
shares
|
||
8
|
SHARED
DISPOSITIVE POWER
0
shares
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
shares
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
|
||
12
|
TYPE
OF REPORTING PERSON
PN
|
1
|
NAME
OF REPORTING PERSON
Ramius
Enterprise Master Fund Ltd
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Cayman
Islands
|
||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
150,200
shares (1)
|
|
6
|
SHARED
VOTING POWER
0
shares
|
||
7
|
SOLE
DISPOSITIVE POWER
150,200
shares (1)
|
||
8
|
SHARED
DISPOSITIVE POWER
0
shares
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,200
shares (1)
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less
than 1%
|
||
12
|
TYPE
OF REPORTING PERSON
CO
|
1
|
NAME
OF REPORTING PERSON
RCG
PB, Ltd
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Cayman
Islands
|
||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
100,000
|
|
6
|
SHARED
VOTING POWER
0
shares
|
||
7
|
SOLE
DISPOSITIVE POWER
100,000
|
||
8
|
SHARED
DISPOSITIVE POWER
0
shares
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less
than 1%
|
||
12
|
TYPE
OF REPORTING PERSON
CO
|
1
|
NAME
OF REPORTING PERSON
Portside
Growth and Opportunity Fund
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Cayman
Islands
|
||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
100,000
shares (1)
|
|
6
|
SHARED
VOTING POWER
0
shares
|
||
7
|
SOLE
DISPOSITIVE POWER
100,000
shares (1)
|
||
8
|
SHARED
DISPOSITIVE POWER
0
shares
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
100,000
shares (1)
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less
than 1%
|
||
12
|
TYPE
OF REPORTING PERSON
CO
|
1
|
NAME
OF REPORTING PERSON
Ramius
Advisors, LLC
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
266,867
shares (1)
|
|
6
|
SHARED
VOTING POWER
0
shares
|
||
7
|
SOLE
DISPOSITIVE POWER
266,867
shares (1)
|
||
8
|
SHARED
DISPOSITIVE POWER
0
shares
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
266,867
shares (1)
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.2%
|
||
12
|
TYPE
OF REPORTING PERSON
OO
|
1
|
NAME
OF REPORTING PERSON
Ramius
LLC
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
366,867
shares (1)
|
|
6
|
SHARED
VOTING POWER
0
shares
|
||
7
|
SOLE
DISPOSITIVE POWER
366,867
shares (1)
|
||
8
|
SHARED
DISPOSITIVE POWER
0
shares
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
366,867
shares (1)
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.6%
|
||
12
|
TYPE
OF REPORTING PERSON
IA,
OO
|
1
|
NAME
OF REPORTING PERSON
C4S
& Co., L.L.C.
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
366,867
shares (1)
|
|
6
|
SHARED
VOTING POWER
0
shares
|
||
7
|
SOLE
DISPOSITIVE POWER
366,867
shares (1)
|
||
8
|
SHARED
DISPOSITIVE POWER
0
shares
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
366,867
shares (1)
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.6%
|
||
12
|
TYPE
OF REPORTING PERSON
OO
|
1
|
NAME
OF REPORTING PERSON
Peter
A. Cohen
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
0
shares
|
|
6
|
SHARED
VOTING POWER
366,867
shares (1)
|
||
7
|
SOLE
DISPOSITIVE POWER
0
shares
|
||
8
|
SHARED
DISPOSITIVE POWER
366,867
shares (1)
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
366,867
shares (1)
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.6%
|
||
12
|
TYPE
OF REPORTING PERSON
IN
|
1
|
NAME
OF REPORTING PERSON
Morgan
B. Stark
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
0
shares
|
|
6
|
SHARED
VOTING POWER
366,867
shares (1)
|
||
7
|
SOLE
DISPOSITIVE POWER
0
shares
|
||
8
|
SHARED
DISPOSITIVE POWER
366,867
shares (1)
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
366,867
shares (1)
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.6%
|
||
12
|
TYPE
OF REPORTING PERSON
IN
|
1
|
NAME
OF REPORTING PERSON
Thomas
W. Strauss
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
0
shares
|
|
6
|
SHARED
VOTING POWER
366,867
shares (1)
|
||
7
|
SOLE
DISPOSITIVE POWER
0
shares
|
||
8
|
SHARED
DISPOSITIVE POWER
366,867
shares (1)
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
366,867
shares (1)
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.6%
|
||
12
|
TYPE
OF REPORTING PERSON
IN
|
1
|
NAME
OF REPORTING PERSON
Jeffrey
M. Solomon
|
||
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) x
(b) o
|
|
3
|
SEC
USE ONLY
|
||
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
0
shares
|
|
6
|
SHARED
VOTING POWER
366,867
shares (1)
|
||
7
|
SOLE
DISPOSITIVE POWER
0
shares
|
||
8
|
SHARED
DISPOSITIVE POWER
366,867
shares (1)
|
||
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
366,867
shares (1)
|
||
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
¨
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.6%
|
||
12
|
TYPE
OF REPORTING PERSON
IN
|
Item
1(a).
|
Name
of Issuer:
|
LJ International Inc., a British Virgin Islands company (the “Issuer”). |
Item
1(b).
|
Address
of Issuer's Principal Executive Offices:
|
Unit
#12, 12/F, Block A
Focal
Industrial Centre
21
Man Lok Street, Hung Hom, Hong
Kong
|
Item
2(a).
|
Name
of Person Filing
|
Item
2(b).
|
Address
of Principal Business Office or, if None,
Residence
|
Item
2(c).
|
Citizenship
|
Item
2(d).
|
Title
of Class of Securities:
|
Common
Stock, par value $0.01 per share (“Common
Stock”)
|
Item
2(e).
|
CUSIP
Number:
|
G55312105
|
Item
3.
|
If
This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c),
Check Whether the Person Filing is
a:
|
|
(a)
|
/
/
|
Broker
or dealer registered under Section 15 of the Exchange
Act.
|
|
(b)
|
/
/
|
Bank
as defined in Section 3(a)(6) of the Exchange
Act.
|
|
(c)
|
/
/
|
Insurance
company as defined in Section 3(a)(19) of the Exchange
Act.
|
|
(d)
|
/
/
|
Investment
company registered under Section 8 of the Investment Company
Act.
|
|
(e)
|
/
/
|
An
investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
|
|
(f)
|
/
/
|
An
employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F).
|
|
(g)
|
/
/
|
A
parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G).
|
|
(h)
|
/
/
|
A
savings association as defined in Section 3(b) of the Federal Deposit
Insurance Act.
|
|
(i)
|
/
/
|
A
church plan that is excluded from the definition of an investment company
under Section 3(c)(14) of the Investment Company
Act.
|
|
(j)
|
/
/
|
Group,
in accordance with Rule
13d-1(b)(1)(ii)(J).
|
Item
4.
|
Ownership
|
|
(a)
|
Amount
beneficially owned:
|
|
(b)
|
Percent
of class:
|
|
(c)
|
Number
of shares as to which such person
has:
|
|
(i)
|
Sole
power to vote or to direct the vote
|
See
Cover Pages Items 5-9.
|
||
(ii) |
Shared
power to vote or to direct the vote
|
|
See
Cover Pages Items 5-9.
|
||
(iii) |
Sole
power to dispose or to direct the disposition of
|
|
See
Cover Pages Items 5-9.
|
||
(iv) |
Shared
power to dispose or to direct the disposition of
|
|
See
Cover Pages Items 5-9.
|
Item
5.
|
Ownership
of Five Percent or Less of a Class.
|
Not
applicable
|
Item
6.
|
Ownership
of More than Five Percent on Behalf of Another
Person.
|
|
If
this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more
than five percent of the class of securities, check the following
[X].
|
Item
7.
|
Identification
and Classification of the Subsidiary That Acquired the Security Being
Reported on by the Parent Holding Company or Control
Person.
|
|
Not
Applicable
|
Item
8.
|
Identification
and Classification of Members of the
Group.
|
|
See
Exhibit 99.1 to the Schedule 13G dated May 8,
2008.
|
Item 9. |
Notice
of Dissolution of Group.
|
|
Not
Applicable
|
Item
10.
|
Certifications.
|
RAMIUS
ENTERPRISE MASTER FUND LTD
|
RAMIUS
ADVISORS, LLC
|
|||
By:
|
Ramius
LLC,
|
By:
|
Ramius
LLC,
|
|
its
investment manager
|
its
sole member
|
|||
RCG
BALDWIN, L.P.
|
RAMIUS
SELECT EQUITY FUND LP
|
|||
By:
|
Ramius
Advisors, LLC,
|
By:
|
Ramius
Advisors, LLC,
|
|
its
general partner
|
its
general partner
|
|||
PORTSIDE
GROWTH AND
|
RAMIUS
LLC
|
|||
OPPORTUNITY
FUND
|
||||
By:
|
C4S
& Co., L.L.C.,
|
|||
By:
|
Ramius
LLC,
|
as
managing member
|
||
its
investment manager
|
||||
RCG
PB, LTD
|
C4S
& CO., L.L.C.
|
|||
By:
|
Ramius
Advisors, LLC,
|
|||
its
investment advisor
|
||||
By:
|
/s/ Jeffrey M. Solomon | |||
Name:
|
Jeffrey
M. Solomon
|
|||
Title:
|
Authorized
Signatory
|
JEFFREY
M. SOLOMON
|
|
/s/ Jeffrey M. Solomon | |
Individually
and as attorney-in-fact for
Peter
A. Cohen, Morgan B. Stark and
Thomas
W. Strauss
|