Fuqi International (FUQI) S-3 Shelf registration

Exhibit 12.1

Fuqi International, Inc.

Computation for Ratio of Earnings to Fixed Charges

(In thousands, except for ratios)

	Three Months Ended			Year Ended
	March 31,			December 31,
	2009			2008			2007			2006			2005			2004
Income before provision for income taxes	$	12,228		$	34,740		$	15,613		$	6,790		$	5,822		$	4,207
Plus fixed charges:
Interest expense		418			1,437			1,239			799			498			100
Estimate of the interest within rental expense		-			-			-			-			-			-
Total fixed charges		418			1,437			1,239			799			498			100
Fixed charges		418			1,437			1,239			799			498			100
Earnings as defined	$	12,646		$	36,177		$	16,852		$	7,589		$	6,320		$	4,307
Ratio of earnings to fixed charges		30.3	x		25.2	x		13.6	x		9.5	x		12.7	x		43.1	x

For purposes of computing the ratio of earnings to fixed charges, earnings consist of income from continuing operations before income taxes plus fixed charges.  Fixed charges consist of interest expense, an estimate of the interest within rental expense. During the periods presented above, we had no preference securities outstanding.