**UNITED      STATES**

**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**FORM      10-K/A**

| x | ANNUAL                    REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                    ACT OF                    1934.For the fiscal year ended **May                    31, 2008** |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o | TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934For                the transition period from _____________                to                _____________ |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**1-7848**

**LAZARE      KAPLAN INTERNATIONAL INC.**

| **Delaware**                                                                                      | **13-2728690**                                                  |
|---------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|
| (State                or other jurisdiction of incorporation                or organization) | (IRS                Employer Identification                No.) |
|                                                                                              |                                                            |
| **19                West 44th                Street**                                             | **10036**                                                       |
| (Address                of principal executive                offices)                            | (Zip                Code)                                       |

**(212)      972-9700**

| Title                of each class                                | Name                of each exchange on which                registered |
|-------------------------------------------------------------------|-------------------------------------------------------------------------|
| **Common                Stock ($1 par                value)**     | **American                Stock                Exchange**               |
| **Preferred                Share Purchase                Rights** | **American                Stock                Exchange**               |

**None**

**DOCUMENTS      INCORPORATED BY REFERENCE**

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| Exhibit              23.1 | Consent                of BDO Seidman, LLP |
|---------------------------|--------------------------------------------|

**SIGNATURE      **

| October              20,              2008 |                                                                                    |                                    |
|--------------------------------------------|-----------------------------------------------------------------------------------------|-----------------------------------------|
|                                  |                                                                               |                               |
|                                       | By:                                                                           | /s/ William              H. Moryto |
|                                       | William              H. Moryto, Vice President and              Chief Financial Officer |

|         |                                                                                 |                                       |
|--------------|--------------------------------------------------------------------------------------|--------------------------------------------|
|    |                                                                            |                                  |
|         | By:                                                                        | /s/ Maurice                Tempelsman |
|         | Maurice                Tempelsman, Chairman of the Board                of Directors |

|         |                                                                                                                                                         |                                        |
|--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------|
|    |                                                                                                                                                    |                                   |
|         | By:                                                                                                                                                | /s/ Leon                    Tempelsman |
|         | Leon                    Tempelsman, Vice Chairman of the Board                    of Directors and President(principal                    executive officer) |

|         |                                             |                                            |
|--------------|--------------------------------------------------|-------------------------------------------------|
|    |                                        |                                       |
|         | By:                                    | /s/ Lucien                        Burstein |
|         | Lucien                        Burstein, Director |

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