MySolitaire.com Reports 296% Q1 Sales Growth From 2006
May 27, 07
New York-based online retailer MySolitaire.com reported that first quarter sales for 2007 grew 296 percent from the first quarter in 2006.
“We had a fantastic quarter where we are above our own internal targets” said Amit Jhalani, MySolitaire.com vice president and co-founder. “Currently, we are doing well across the board. Our margins are stable and growing,” reported Ashish Jhalani, CEO and co-founder.
“Our focus remains engagement rings and wedding rings” said Jhalani.
The company also announced the launch of its blue diamond studs category.
Mysolitaire.com currently offers between 200-300 different wedding rings, with more than 50,000 diamonds for engagement rings or loose diamond purchases.