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: September 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 11/19/01: 5,832,467


                             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 September 30, 2001 (unaudited) and December 31,     5
2000

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

Statement of Cash Flows For The Nine Months Ending September      7
30, 2001 (unaudited) and 2000 (unaudited) and For Period July
13, 1999 (Inception) to September 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                                                 12

SIGNATURES                                                       13


/2/





                             Prestige Jewelry, Inc.
                          (A Development Stage Company)

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

                                       and

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

                                       and

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

/3/

G. BRAD BECKSTEAD
Certified Public Accountant
                                                             330 E. Warm Springs
                                                             Las Vegas, NV 89119
                                                                    702.257.1984
                                                              702.362.0540 (fax)

                     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 September 30,  2001  and  the
related  statements  of  operations for the three-months and  nine-months  ended
September  30,  2001  and 2000 and for the period July 13, 1999  (Inception)  to
September  30,  2001,  and statements of cash flows for  the  nine-month  period
ending  September 30, 2001 and 2000 and for the period July 13, 1999 (Inception)
to September 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.



G. Brad Beckstead, CPA
November 16, 2001

/4/

                             Prestige Jewelry, Inc.

                          (a Development Stage Company)

                                  Balance Sheet


                                             (unaudited)
                                               September     December
   Assets                                      30, 2001      31, 2000
                                              ----------    ----------
   Current assets:
     Cash                                     $    3,901    $   39,090
     Due from shareholder                            105           105
     Inventory                                     4,614         4,614
                                              ----------    ----------
       Total current assets                        8,620        43,809
                                              ----------    ----------
   Fixed assets, net                               7,291         2,293
   Web site development, net                      11,942        13,292
                                              ----------    ----------
 Liabilities and Stockholders' Equity         $   27,853    $   59,394
                                              ==========    ==========

   Current liabilities:                       $        -    $        -
                                              ----------    ----------

   Stockholders' equity:
   Preferred stock, $0.001 par value,                  -             -
    5,000,000 shares authorized, no shares
    issued and outstanding
   Common stock, $0.001 par value;                 5,832         5,832
    20,000,000 shares authorized, 5,832,467
    shares issued and outstanding at
    9/30/01 and 12/31/00
   Additional paid-in capital                    116,591       116,591
   Subscriptions receivable                           25       (15,975)
   Deficit accumulated during development        (94,595)      (47,054)
   stage                                      ----------    ----------
                                                  27,853        59,394
                                              ----------    ----------
                                              $   27,853    $   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 Nine Months Ending September 30, 2001 and 2000
       and For the Period July 13, 1999 (Inception) to September 30, 2001

                    Three Months Ending       Nine Months Ending  July 13, 1999
                       September 30,             September 30,   (Inception) to
                    ----------------------  ---------------------- September 30,
                       2001        2000        2001       2000         2001
                    ----------  ----------  ----------  ----------  ----------
Revenue             $        -  $        -  $        -  $        -  $        -
                    ----------  ----------  ----------  ----------  ----------
Expenses:
General and             14,505         902      45,300       4,792      85,791
 administrative
 expenses
Depreciation &           1,399       1,095       3,938       3,272       8,804
 amortization       ----------  ----------  ----------  ----------  ----------

Total expenses          15,904       1,997      49,238       8,064      94,595
                    ----------  ----------  ----------  ----------  ----------
Net (loss)          $  (15,904) $   (1,997) $  (49,238) $   (8,064) $  (94,595)
                    ==========  ==========  ==========  ==========  ==========

Weighted average
 number of common
 outstanding shares  5,832,467   5,272,467   5,832,467   5,272,467   5,418,058
                    ==========  ==========  ==========  ==========  ==========

Net (loss) per
share               $    (0.00) $    (0.00) $    (0.01) $    (0.00) $    (0.02)
                    ==========  ==========  ==========  ==========  ==========



   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 Nine Months Ending September 30, 2001 and 2000
       and For the Period July 13, 1999 (Inception) to September 30, 2001



                                  Nine Months Ending   July 13, 1999
                                    September 30,     (Inception) to
                                 ---------------------   September 30,
                                   2001        2000        2001
                                 ---------   ---------   ---------
Cash flows from operating
activities
Net (loss)                       $ (49,238)  $  (8,064)  $ (94,595)
Adjustments to reconcile net
income to net cash used
by operating activities:
Depreciation & amortization          3,938       3,272       8,804
expense
Due from stockholder                     -       2,700        (105)
(Increase) in inventory                  -           -      (4,614)
                                 ---------   ---------   ---------
Net cash (used) by operating       (45,300)     (2,092)    (90,510)
activities                       ---------   ---------   ---------

Cash flows from investing
activities
Purchase of fixed assets            (5,889)       (882)     (8,937)
Development of website                   -           -     (19,100)
Net cash (used) by investing        (5,889)       (882)    (28,037)
activities                       ---------   ---------   ---------

Cash flows from financing
activities
Issuance of common stock            16,000           -     122,423
Subscription receivable                  -           -          25
                                 ---------   ---------   ---------
Net cash provided by                16,000           -     122,448
 financing activities            ---------   ---------   ---------

Net (decrease) increase in cash    (35,189)      (2,974)     3,901

Cash - beginning                    39,090        3,001          -
                                 ---------   ----------   --------
Cash - ending                    $   3,901   $       27   $  3,901
                                 =========   ==========   ========
Supplemental disclosures:
Interest paid                    $       -   $        -   $      -
                                 =========   ==========   ========
Income taxes paid                $       -   $        -   $      -
                                 =========   ==========   ========
Non-cash transactions:
 Stock issued for services
  provided                       $       -   $        -   $ 10,178
                                 =========   ==========   ========
 Number of shares issued for             -            -    203,567
  services                       =========   ==========   ========


   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 September 30, 2001, the Company  has  not
recognized revenue to date and has accumulated operating losses of approximately
$94,595  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  nine-month period ended September 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 $2,572 for the nine-month
period ended September 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 nine-month  period
ended September 30, 2001.

Note 4 - Subsequent events

On  October  29,  2001,  the Company amended its articles  of  incorporation  to
increase the number of authorized shares of its $0.001 par value common stock to
50,000,000 shares.

On  November  13,  2001,  the Company executed stock  purchase  agreements  with
Ashford Capital, LLC, a California limited liability company, (Ashford) and  BET
Capital Corporation, a California corporation, (BET).  These transactions  shall
be conducted in accordance with an exemption from the registration provisions of
Section  5  of the Securities Act of 1933, as amended, provided under Regulation
D,  Rule  506.   Ashford and BET purchased a total of 30,000,000 shares  of  its
$0.001  par  value  common stock for a total of $30,000.  At  the  closing,  the
Company received $10,000 in cash and will receive the remainder upon the receipt
of the shares, approval by shareholders and the filing of the third quarter 10Q.
                    Ashford Capital, LLC          15,000,000 shares   $15,000
                    BET Capital Corporation       15,000,000 shares   $15,000

/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

  We have generated no revenues since inception.

  Total operating expenses for the three months ended September 30, 2001 were
$15,904.  This represents an increase of $13,907 in total operating expenses
from the comparable three-month period ended September 30, 2000, when we
reported total operating expenses of $1,997.  Total operating expenses for the
nine months ended September 30, 2001 were $49,238.  This represents an increase
of $41,174 in total operating expenses from the comparable nine-month period
ended September 30, 2000, when we reported total operating expenses of $8,064.
Since July 13, 1999 (inception) we have incurred $94,595 in total operating
expenses.  Total operating expenses for the period ended September 30, 2001 were
entirely related to general and administrative expenses and depreciation and
amortization.

/9/


  We incurred general and administrative expenses for the nine-month period
ended September 30, 2001 totaling $45,300 compared to $14,505 for the three-
month period ended September 30, 2001.  Our general and administrative expenses
were primarily incurred from our public listing process on the NASD's OTC-BB
which included the process of the public offering in the State of Nevada, state
Blue Sky registrations, attorneys' fees, escrow and EDGARization costs related
to the offering, and audits and public filing costs.  Our Company is listed on
the OTC-BB under the symbol "PJWL".  Depreciation and amortization for the nine-
month period ended September 30, 2001 was $3,938 compared to $1,399 for the
three-month period ended September 30, 2001.  This represents depreciation and
amortization on the assets of the Company.

  Through September 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:

  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. continues to trade on the OTC BB under the symbol
      "PJWL" and is a fully reporting corporation with the Securities and
      Exchange Commission.
  C.  Management has expanded marketing efforts through telemarketing, faxing
      and the Internet.
  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

  In order to accommodate the following transaction, we amended our articles of
incorporation to increase the number of authorized shares of our $0.001 par
value common stock to 50,000,000 shares (see exhibit 3b "Certificate of
Amendment").

  On November 13, 2001, we executed stock purchase agreements with Ashford
Capital, LLC, a California limited liability company, (Ashford) and BET Capital
Corporation, a California corporation, (BET).  These transactions shall be
conducted in accordance with an exemption from the registration provisions of
Section 5 of the Securities Act of 1933, as amended, provided under Regulation
D, Rule 506.  Ashford and BET purchased a total of 30,000,000 shares of our

/10/


$0.001 par value common stock for a total of $30,000.  At the closing, the
Company received $10,000 in cash and will receive the remainder upon the receipt
of the shares, approval by shareholders and the filing of the third quarter 10-
QSB.

          Ashford Capital, LLC          15,000,000 shares   $15,000
          BET Capital Corporation       15,000,000 shares   $15,000

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 September 30, 2001, we have not recognized revenue
to date and have accumulated operating losses of approximately $94,595 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 is currently in the
process of raising 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.

/11/


                           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) Certificate of Amendment to the Articles
                 of Incorporation of the Company filed October
                 29, 2001.

                 (c) 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.


 \12\
                                   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:  11/19/01




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




Date: 11/19/01




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


/13/