MySolitaire.com 2007 Revenues Up 377%

MySolitaire.com, an online engagement and wedding ring specialist retailer, announced a 377 percent year-over-year increase in revenues for 2007. Without providing specific figures, Amit Jhalani, vice president and co-founder, commented, “We have again over-achieved our internal target, third year in a row.”

Founded in 2004, the company marked a 364 percent increase in sales for the 2005-2006 period, as compared to its first year of business, and 364 percent for the following year. MySolitaire.com offers a range of diamond jewelry with a large color diamond collection, as well as gemstone engagement rings.

CEO and Co-Founder Ashish Jhalani said that the company would continue to concentrate of engagement rings and wedding rings. “With the current levels of growth and enriching of the product lines through introduction of 200 new engagement ring designs, we are on course to becoming the industry leaders within a very short period of time.”