UNITED STATES
               SECURITIES AND EXCHANGE COMMISSION
                     Washington, D.C. 20549
                           FORM 10-QSB
(Mark One)

[X]                           QUARTERLY REPORT PURSUANT TO
                              SECTION 13 OR 15(d) OF THE
                              SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: June 30, 2001

Or

[  ]                          TRANSITION REPORT PURSUANT TO
                              SECTION 13 OR 15(d) OF THE
                              SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to _____________

Commission File Number: 000-32495

                     Prestige Jewelry, Inc.
                     ----------------------
      (Exact name of registrant as specified in its charter)

            Nevada                           88-04441287
            ------                           -----------
(State or other jurisdiction of    (I.R.S. Employer Identification No.)
incorporation or organization)

 11469 Olive Blvd., #262, St. Louis, MO            63141
 ---------------------------------------       ------------
(Address of principal executive offices)        (Zip Code)

                         (314) 432-3772
                         --------------
      (Registrant's telephone number, including area code)

                               N/A
                               ---
 (Former name, former address and former fiscal year, if changed
                       since last report)

 Indicate by check mark whether the registrant (1) has filed all
   reports required to be filed by Section 13 or 15(d) of the
 Securities Exchange Act of 1934 during the preceding 12 months
 (or for such shorter period that the registrant was required to
   file such reports), and (2) has been subject to such filing
               requirements for the past 90 days.
                         Yes [X] No [ ]

  APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
                DURING THE PRECEDING FIVE YEARS:
   Indicate by check mark whether the registrant has filed all
documents and reports required to be filed by Sections 12, 13 or
 15(d) of the Securities Exchange Act of 1934 subsequent to the
  distribution of securities under a plan confirmed by a court.
                         Yes [ ] No [ ]

              APPLICABLE ONLY TO CORPORATE ISSUERS:
The number of shares outstanding of each of the issuer's classes
            of common stock as of 08/03/01: 5,832,467

/1/


                     Prestige Jewelry, Inc.
                  (A Development Stage Company)


                        Table of Contents

                                                                 Page

PART I - FINANCIAL INFORMATION
Item 1. Financial Statements

Independent Accountant's Review Report                             4

Balance Sheet June 30, 2001 (unaudited) and December 31, 2000      5

Statement of Operations For The Three and Six Months Ending        6
June 30, 2001 (unaudited) and 2000 (unaudited) and For Period
July 13, 1999 (Inception) to June 30, 2001 (unaudited)

Statement of Cash Flows For The Six Months Ending June 30,         7
2001 (unaudited) and 2000 (unaudited) and For Period July 13,
1999 (Inception) to June 30, 2001 (unaudited)

Notes to Financial Statements                                      8

Item 2. Management's Discussion and Plan of Operation              9

PART II - OTHER INFORMATION

Item 6. Exhibits                                                  11

SIGNATURES                                                        12

/2/

                     Prestige Jewelry, Inc.
                  (A Development Stage Company)

                         Balance Sheets
                              as of
                          June 30, 2001
                      and December 31, 2000

                               and

                    Statements of Operations
           for the Three Months and Six Months Ending
                     June 30, 2001 and 2000,
                       and For the Period
           July 13, 1999 (Inception) to June 30, 2001

                               and

                           Cash Flows
                   for the Three Months Ending
                     June 30, 2001 and 2000,
                       and For the Period
           July 13, 1999 (Inception) to June 30, 2001

/3/


G. BRAD BECKSTEAD
Certified Public Accountant
                                              330 E. Warm Springs
                                              Las Vegas, NV 89119
                                                     702.528.1984
                                              425.928.2877 (efax)

             INDEPENDENT ACCOUNTANT'S REVIEW REPORT


Board of Directors
Prestige Jewelry
(a Development Stage Company)
Las Vegas, NV

I  have  reviewed  the  accompanying balance  sheet  of  Prestige
Jewelry  (a Nevada corporation) (a development stage company)  as
of June 30, 2001 and the related statements of operations for the
three-months and six-months ended June 30, 2001 and 2000 and  for
the  period  July  13, 1999 (Inception) to  June  30,  2001,  and
statements of cash flows for the six-month period ending June 30,
2001  and  2000  and for the period July 13, 1999 (Inception)  to
June 30, 2001.  These financial statements are the responsibility
of the Company's management.

I  conducted  my reviews in accordance with standards established
by  the  American Institute of Certified Public  Accountants.   A
review  of interim financial information consists principally  of
applying  analytical  procedures to financial  data,  and  making
inquiries  of  persons responsible for financial  and  accounting
matters.   It  is  substantially less  in  scope  than  an  audit
conducted   in   accordance  with  generally  accepted   auditing
standards,  which will be performed for the full  year  with  the
objective  of  expressing  an  opinion  regarding  the  financial
statements taken as a whole.  Accordingly, I do not express  such
an opinion.

Based on my reviews, I am not aware of any material modifications
that  should  be  made  to the accompanying financial  statements
referred  to  above for them to be in conformity  with  generally
accepted accounting principles.

The accompanying financial statements have been prepared assuming
the  Company  will continue as a going concern.  As discussed  in
Note  2  to the financial statements, the Company has had limited
operations  and  has not commenced planned principal  operations.
This raises substantial doubt about its ability to continue as  a
going concern.  Management's plans in regard to these matters are
also  described  in  Note  2.  The financial  statements  do  not
include  any  adjustments that might result from the  outcome  of
this uncertainty.

I have previously audited, in accordance with generally accepted
auditing standards, the balance sheet of Prestige Jewelry (a
development stage company) as of December 31, 2000, and the
related statements of operations, stockholders' equity, and cash
flows for the year then ended (not presented herein) and in my
report dated March 15, 2001, I expressed an unqualified opinion
on those financial statements.



/s/ G. Brad Beckstead, CPA
July 31, 2001

/4/

                     Prestige Jewelry, Inc.
                  (a Development Stage Company)
                          Balance Sheet


                                              (unaudited)
                                                June 30,    December 31,
Assets                                            2001          2000
                                              ----------   ----------

Current assets:
Cash                                          $   18,406   $   39,090
Due from shareholder                                 105          105
Inventory                                          4,614        4,614
                                              ----------   ----------
Total current assets                              23,125       43,809
                                              ----------   ----------
Fixed assets, net                                  7,735        2,293
Web site development, net                         12,897       13,292
                                              ----------   ----------
                                              $   43,757   $   59,394
                                              ==========   ==========

Liabilities and Stockholders' Equity

Stockholders' equity:
Preferred stock, $0.001 par value; 5,000,000          --           --
   shares authorized, zero shares issued and
   outstanding at 3/31/01 and 12/31/00
Common stock, $0.001 par value; 20,000,000         5,832        5,832
   shares authorized, 5,832,467 shares
   issued and
   outstanding at 3/31/01 and 12/31/00
Additional paid-in capital                       116,591      116,591
Subscriptions receivable                              25      (15,975)
Deficit accumulated during development stage     (78,691)     (47,054)
                                              ----------   ----------
                                                  43,757       59,394
                                              ----------   ----------
                                              $   43,757   $   59,394
                                              ==========   ==========

 The accompanying Notes are an integral part of these financial
                           statements.

/5/

                     Prestige Jewelry, Inc.
                  (a Development Stage Company)
                     Statement of Operations
                           (unaudited)
   For The Three and Six Months Ending June 30, 2001 and 2000
  and For the Period July 13, 1999 (Inception) to June 30, 2001


                    Three Months Ending      Six Months Ending   July 13, 1999
                          June 30,               June 30,       (Inception) to
                   ----------------------  ----------------------   June 30,
                      2001        2000        2001        2000        2001
                   ----------  ----------  ----------  ----------  ----------

Revenue            $       --  $       --  $       --  $       --  $       --
                   ----------  ----------  ----------  ----------  ----------
Expenses:
 General and
  administrative
  expenses             15,309       1,044      30,795       3,890      71,286
 Depreciation &
  amortization          1,323       1,093       2,539       2,177       7,405
                   ----------  ----------  ----------  ----------  ----------
    Total expenses     16,632       2,137      33,334       6,067      78,691
                   ----------  ----------  ----------  ----------  ----------
Net (loss)         $  (16,632) $   (2,137) $  (33,334) $   (6,067) $  (78,691)
                   ==========  ==========  ==========  ==========  ==========

Weighted average
number of
Common shares
outstanding         5,832,467   5,272,467   5,832,467   5,272,467   5,362,319
                   ==========  ==========  ==========  ==========  ==========

Net (loss) per
share              $    (0.00) $    (0.00) $    (0.01) $    (0.00) $    (0.01)
                   ==========  ==========  ==========  ==========  ==========



 The accompanying Notes are an integral part of these financial
                           statements.

/6/

                     Prestige Jewelry, Inc.
                  (a Development Stage Company)
                     Statement of Cash Flows
                           (unaudited)
        For The Six Months Ending June 30, 2001 and 2000
  and For the Period July 13, 1999 (Inception) to June 30, 2001


                                                               July 13, 1999
                                            Six Months Ending  (Inception) to
                                                 June 30,          June 30,
                                             2001        2000        2001
                                          ----------  ----------  ----------
Cash flows from operating activities
 Net (loss)                               $  (33,334) $   (6,067) $  (78,691)
 Adjustments to reconcile net income
  to net cash used by operating
  activities:
   Depreciation & amortization expense         2,539       2,177       7,405
   Due from stockholder                           --       1,800        (105)
   (Increase) in inventory                        --          --      (4,614)
                                          ----------  ----------  ----------
Net cash (used) by operating activities      (30,795)     (2,090)    (76,005)
                                          ----------  ----------  ----------
Cash flows from investing activities
  Purchase of fixed assets                    (5,889)       (882)     (8,937)
  Development of website                          --          --     (19,100)
                                          ----------  ----------  ----------
Net cash (used) by investing activities       (5,889)       (882)    (28,037)
                                          ----------  ----------  ----------
Cash flows from financing activities
  Issuance of common stock                    16,000          --     122,423
  Subscription receivable                         --          --          25
                                          ----------  ----------  ----------
Net cash provided by financing activities     16,000          --     122,448
                                          ----------  ----------  ----------
Net (decrease) increase in cash              (20,684)     (2,972)     18,406
Cash - beginning                              39,090       3,001          --
                                          ----------  ----------  ----------
Cash - ending                             $   18,406  $       29  $   18,406
                                          ==========  ==========  ==========
Supplemental disclosures:
  Interest paid                           $       --  $       --  $       --
                                          ==========  ==========  ==========
Income taxes paid                         $       --  $       --  $       --
                                          ==========  ==========  ==========

Non-cash transactions:
Stock issued for services provided        $       --  $       --  $   10,178
                                          ==========  ==========  ==========
Number of shares issued for services      $       --  $       --  $  203,567
                                          ==========  ==========  ==========


 The accompanying Notes are an integral part of these financial statements.

 /7/

                     Prestige Jewelry, Inc.
                  (a Development Stage Company)
                              Notes

Note 1 - Basis of presentation

The  interim  financial statements included herein, presented  in
accordance  with  United  States  generally  accepted  accounting
principles  and stated in US dollars, have been prepared  by  the
Company, without audit, pursuant to the rules and regulations  of
the  Securities and Exchange Commission.  Certain information and
footnote  disclosures  normally included in financial  statements
prepared   in  accordance  with  generally  accepted   accounting
principles have been condensed or omitted pursuant to such  rules
and   regulations,  although  the  Company  believes   that   the
disclosures  are adequate to make the information  presented  not
misleading.

These  statements reflect all adjustments, consisting  of  normal
recurring  adjustments, which, in the opinion of  management  are
necessary  for  fair  presentation of the  information  contained
therein.  It is suggested that these interim financial statements
be  read  in  conjunction with the financial  statements  of  the
Company  for  the year ended December 31, 2000 and notes  thereto
included  in  the  Company's 10-SB registration  statement.   The
Company  follows the same accounting policies in the  preparation
of interim reports.

Note 2 - Going concern

These financial statements have been prepared in accordance  with
generally  accepted accounting principles applicable to  a  going
concern,  which  contemplates the realization of assets  and  the
satisfaction of liabilities and commitments in the normal  course
of business.  As at June 30, 2001, the Company has not recognized
revenue   to  date  and  has  accumulated  operating  losses   of
approximately $78,691 since inception.  The Company's ability  to
continue  as  a  going concern is contingent upon the  successful
completion  of additional financing arrangements and its  ability
to  achieve and maintain profitable operations.  Management plans
to  raise  equity  capital to finance the operating  and  capital
requirements  of the Company.  Amounts raised will  be  used  for
further   development  of  the  Company's  products,  to  provide
financing  for  marketing  and promotion,  to  secure  additional
property  and equipment, and for other working capital  purposes.
While  the  Company is expending its best efforts to achieve  the
above  plans,  there is no assurance that any such activity  will
generate funds that will be available for operations.

Note 3 - Related party transactions

The  Company  hired  the son of the shareholders  that  are  also
officers  and directors as an independent contractor  to  perform
sales  development  services.  For the three-month  period  ended
June  30,  2001,  the Company has paid this individual  $300  for
services rendered.

The  Company  paid consulting services to another company  wholly
owned  by the officers and directors of the Company in the amount
of $2,000 for the three-month period ended June 30, 2001.

The  Company  hired B.M.M., LLC, a company wholly  owned  by  the
brother  of  one of the officers and directors, that  company  is
also   a  shareholder.   B.M.M.,  LLC  has  performed  consulting
services in the amount of $4,000 for the three-month period ended
June 30, 2001.

/8/

      Item 2. Management's Discussion and Plan of Operation

Forward-Looking Statements

  This Quarterly Report contains forward-looking statements
about our business, financial condition and prospects that
reflect our assumptions and beliefs based on information
currently available.  We can give no assurance that the
expectations indicated by such forward-looking statements will be
realized.  If any of our assumptions should prove incorrect, or
if any of the risks and uncertainties underlying such
expectations should materialize, our actual results may differ
materially from those indicated by the forward-looking
statements.

  The key factors that are not within our control and that may
have a direct bearing on operating results include, but are not
limited to, acceptance of our services, our ability to expand our
customer base, our ability to raise capital in the future, the
retention of key employees and changes in the regulation of our
industry.  There may be other risks and circumstances that we are
unable to predict.  When used in this Quarterly Report, words
such as,  "believes,"  "expects," "intends,"  "plans,"
"anticipates,"  "estimates" and similar expressions are intended
to identify forward-looking statements, although there may be
certain forward-looking statements not accompanied by such
expressions.  All forward-looking statements are intended to be
covered by the safe harbor created by Section 21E of the
Securities Exchange Act of 1934.

General

  We were formed as a Nevada Corporation on July 13, 1999 under
the name Prestige Jewelry, Inc.  We are a development stage
company.  The founders of Prestige Jewelry, Inc. intend to
establish a web centered, jewelry, precious metals, gemstone and
one of a kind commerce center.  This continues to be the driving
vision of the Company and passion of the management team.  The
emergence of the World Wide Web as a viable marketplace for goods
and services of all kinds provides the Company with a worldwide
marketplace for its product set.  The principle commerce outlet
for the Company is its website www.prestigejewelry.net started
November 1999.  We will market the following products:

        1. Rings;          4. Earrings;
        2. Bracelets;      5. Collectible coins; and
        3. Necklaces;      6. Precious gemstones.

Results of Operations

  Through June 30, 2001, management has been focused on
developing and implementing initial business operations.
Although no revenues have been generated since inception,
management intends to generate revenues in the near future. The
following has been accomplished over the previous quarter:

  A.  Management has made the following improvements to the website:
      1.   Implementation of a new data base script;
      2.   Redesigned the "look" of the website to increase ease of
           navigation;
      3.   Increased the number of products offered;
      4.   Introduced an Investor News Section; and
      5.   Started a marketing program, which includes exchanging banners
           with other websites and submitting our website to search
           engine firms.
  B.  Prestige Jewelry, Inc. began trading on the OTC BB under the
      symbol "PJWL" and attained fully reporting status with the
      Securities and Exchange Commission.
  C.  Management has expanded marketing efforts through telemarketing,
      faxing and the Internet.

/9/

  D.  Management continues to utilize the following relationships/strategic
      alliances:
      1.   Corporate Regulatory Services, LLC - Previously Campbell
           Mello Associates, LLC, this firm continues to consultant and
           assist us in all regulatory and filing matters;
      2.   Triumph Corp. - In January 2001, we contracted with this
           firm to develop and maintain our internal network. We intend to
           maintain this relationship;
      3.   Roy Glover - In February 2001, we outsourced the management
           our web development and e-marketing programs to Roy Glover, an
           Internet specialist.  Mr. Glover continues to play an integral
           role in the development and enhancement of our web center; and
      4.   Product suppliers - We have continued to enjoy positive
           relationships with the following companies:
           a.   Stuller, Inc.: Provides precious and semi-precious gemstones,
                gold supplies, gold findings, and gold, platinum and silver
                mountings.
           b.   Kunzelman Brothers, Inc. Provides diamonds and other precious
                gemstones, diamond supplies for mountings and repairs.
           c.   Geswein, Inc.: Provides manufacturing supplies, special
                tools and equipment.

Future Business

  The near term objective (within a three to six month time
horizon) is to begin sales and generate revenues.  Our priorities
for the next 12 months of operations are to:

  A.   Improve/enhance our web site;
       1.   Locate a new web-hosting service; and
       2.   Contract with a new Internet service group.
  B.   Expand marketing efforts to help drive product sales;
  C.   Obtain additional capital to implement our growth strategy;
  D.   Seek to identify potential markets and expand upon existing
       markets to help generate revenues;
       1.   Sign agreements that will provide us with the ability to
            increase sales; and
       2.   Seek out strategic partners with the ability to increase
            awareness of Prestige Jewelry;
  E.   Expand the existing management team to oversee the marketing,
       sales and development of our products;
  F.   Open several corporate offices in the southwest to provide a
       physical market presence; and
  G.   Focus on increasing our shareholder value.

  We cannot guarantee that we will be able to compete
successfully or that the competitive pressures we may face will
not have an adverse effect on our business, results of
operations and financial condition.

Liquidity and Capital Resources

To fund ongoing fiscal 2001 operations, we will need to begin to
generate revenues or raise additional capital to fund our
operations and provide for our working capital needs.  As at June
30, 2001, we have not recognized revenue to date and have
accumulated operating losses of approximately $78,691 since
inception.  Our ability to continue as a going concern is
contingent upon the successful completion of additional financing
arrangements and our ability to achieve and maintain profitable
operations.  Management plans to raise equity capital to finance
the operating and capital requirements of the Company.  Amounts
raised will be used for further development of our products, to
provide financing for marketing and promotion, to secure
additional property and equipment, and for other working capital
purposes.  While we are expending our best efforts to achieve the
above plans, there is no assurance that any such activity will
generate funds that will be available for operations.

All investor inquiries should be directed to Mr. Joseph Dzierwa,
President, Prestige Jewelry, Inc. 11469 Olive Blvd., Suite #226,
St. Louis, Missouri 63141, phone 314-432-3772, fax 314-692-2841.

/10/

                   PART II - OTHER INFORMATION


Item 6. Exhibits



  Exhibit    Name and/or Identification of Exhibit
  Number
    3        Articles of Incorporation & By-Laws
                 (a) Articles of Incorporation of the Company
                 filed July 13, 1999.  Incorporated by
                 reference to the exhibits to the Company's
                 General Form For Registration Of Securities
                 Of Small Business Issuers on Form 10-SB,
                 previously filed with the Commission.

                 (b) By-Laws of the Company adopted July 16,
                 1999.  Incorporated by reference to the
                 exhibits to the Company's General Form For
                 Registration Of Securities Of Small Business
                 Issuers on Form 10-SB, previously filed with
                 the Commission.

/11/

                           SIGNATURES

Pursuant to the requirements of the Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

                     Prestige Jewelry, Inc.
-----------------------------------------------------------------
                          (Registrant)




Date:    August 8, 2001


By:      /s/ Joseph Dzierwa
    -------------------------------------------
    Joseph Dzierwa, President, CEO and Director



Date:    August 8, 2001


By:      /s/ Pamela_Dzierwa
    -------------------------------------------------
    Pamela Dzierwa, Secretary, Treasurer and Director


/12/