UNITED STATES                 ---------------
                       SECURITIES AND EXCHANGE COMMISSION       SEC FILE NUMBER
                             WASHINGTON, D.C. 20549                0-27773
                                                                ---------------
                                   FORM 12B-25                  ---------------
                                                                 CUSIP NUMBER
                                                                ---------------

                           NOTIFICATION OF LATE FILING

(Check One):  X  Form 10-K   Form 20-F   Form 11-K   Form 10-Q    Form N-SAR

          For Period Ended:         December 31, 2000
                            ---------------------------------------------------
           Transition Report on Form 10-K        Transition Report on Form 10-Q
           Transition Report on Form 20-F        Transition Report on Form N-SAR
           Transition Report on Form 11-K

          For the Transition Period Ended:
                                           -------------------------------------

  Read Instruction (on back page) Before Preparing Form. Please Print or Type.
    NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
                   VERIFIED ANY INFORMATION CONTAINED HEREIN.

If the notification  relates to a portion of the filing checked above,  identify
the Item(s) to which the notification relates:
- --------------------------------------------------------------------------------
                        PART I -- REGISTRANT INFORMATION

American Jewelry Corp.
- --------------------------------------------------------------------------------
Full Name of Registrant


United Ventures Group, Inc.
- --------------------------------------------------------------------------------
Former Name if Applicable


131 West 35th Street
- --------------------------------------------------------------------------------
Address of Principal Executive Office (Street and Number)


New York,  New York  10001
- --------------------------------------------------------------------------------
City, State and Zip Code

                       PART II -- RULES 12B-25(B) AND (C)

If the subject report could not be filed without  unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

         (a)  The reasons  described  in  reasonable  detail in Part III of this
              form  could  not be  eliminated  without  unreasonable  effort  or
              expense;

[X]      (b)  The subject annual report,  semi-annual report,  transition report
              on Form 10-K, Form 20-F,  11-K or Form N-SAR, or portion  thereof,
              will be filed on or before the  fifteenth  calendar day  following
              the  prescribed  due  date;  or the  subject  quarterly  report of
              transition  report on Form 10-Q, or portion  thereof will be filed
              on or before the fifth  calendar day following the  prescribed due
              date; and

         (c)  The  accountant's  statement  or other  exhibit  required  by Rule
              12-b-25(c) has been attached if applicable.

                              PART III -- NARRATIVE

State below in reasonable  detail the reasons why Forms 10-K,  20-F, 11-K, 10-Q,
N-SAR, or the transition  report or portion  thereof,  could not be filed within
the prescribed time period.

                                SEE ATTACHMENT A




                          PART IV -- OTHER INFORMATION


1.       Name and  telephone  number  of  person  to  contact  in regard to this
         notification

         Mitchell S. Nussbaum               212                 704-6426
         --------------------------    -------------     ----------------------
                  (Name)                (Area Code)        (Telephone Number)

2.       Have all other periodic  reports  required under Section 13 or 15(d) of
         the  Securities  Exchange  Act of 1934 or Section 30 of the  Investment
         Company  Act of 1940  during  the  preceding  12  months No or for such
         shorter  period that the registrant was required to file such report(s)
         been filed? If answer is no, identify report(s)   Yes         No
                                                           [X]        [  ]


3.       Is it anticipated that any significant  change in results of operations
         from  the  corresponding  period  for  the  last  fiscal  year  will be
         reflected by the earnings  statements  to be included in No the subject
         report or portion thereof                         Yes         No

                                                           [ ]        [X]

         If  so,  attach  an  explanation  of  the  anticipated   change,   both
         narratively and quantitatively,  and, if appropriate, state the reasons
         why a reasonable estimate of results cannot be made.

================================================================================
                             American Jewelry Corp.
     ---------------------------------------------------------------------
                  (Name of Registrant as Specified in Charter)


has  caused  this  notification  to be signed on its  behalf by the  undersigned
hereunto duly authorized.

                                              By: /s/ Isaac Nussen
                                                  -----------------------------
Date:             April 3, 2001                   Name:        Isaac Nussen
                  -------------                   Title:       President




                                  ATTACHMENT A

                              PART III - NARRATIVE

The  Registrant's  Annual Report on Form 10-KSB for the year ended  December 31,
2000 (the "Annual  Report") could not be filed within the prescribed time period
since  the  Registrant,   which  has  a  small  accounting  staff,  has  devoted
substantial time and effort to recent business matters affecting the Registrant,
thereby delaying  completion of the Annual Report. As a result,  the information
necessary to complete the Annual Report,  including the financial statements and
the notes thereto, have not yet been completed.