NEW YORK, Oct 23 (Reuters) - Shares of Chinese jewelry maker Fuqi International Inc rose in their market debut on Tuesday, after raising $63 million in an initial public offering priced at the top of a forecast range.

The shares opened at $10.01, or 11 percent higher, before rising as high as $11.20 in late-morning trade on Nasdaq.

Earlier Tuesday, the offering of 7 million shares priced at $9 per share, compared with a forecast range of $7 to $9 forecast, according to a statement issued by the company.

Underwriters, led by Merriman Curhan Ford & Co, have the option to purchase an additional 1 million shares to cover overallotments.