NEW YORK, Oct. 28, 2008 (GLOBE NEWSWIRE) -- Lazare Kaplan International Inc. (AMEX:LKI - News), a manufacturer and marketer of diamonds and jewelry products, will conduct its annual meeting of shareholders on Thursday, November 6, 2008 at 10:00 a.m. (Eastern Standard Time). To accommodate those who are unable to attend, the annual shareholder meeting will be broadcast live over the Internet.

The live Internet webcast of the annual shareholder meeting will take place on:

                       Thursday, November 6, 2008
                   10:00 A.M. (Eastern Standard Time)
                         http://www.investorcalendar.com

 Speaking from management will be:

                      Maurice Tempelsman, Chairman
              Leon Tempelsman, President and Vice Chairman
               William H. Moryto, Chief Financial Officer

The webcast may be accessed by clicking on http://www.investorcalendar.com and searching under Lazare Kaplan's stock symbol: ``LKI''. Listeners should allow extra time prior to the meeting to visit the site and download the streaming media software required to listen to the webcast.

The online replay of the webcast will be available on the http://www.investorcalendar.com website following the conclusion of the meeting.

Lazare Kaplan International Inc. sells its diamonds and jewelry products through a worldwide distribution network. The Company is noted for its ideal cut diamonds, which it markets internationally under the brand name Lazare Diamonds(r).

         Comm-Counsellors, LLC
         Edward Nebb
         203-972-8350
         enebb@optonline.net