Abazias.com Reports 58% Rise in Sales
January 29, 07
Online jewelry retailer Abazias.com announced today (Monday) that preliminary reports indicate that revenues in 2006 totaled $4,837,653, a 58 percent rise in sales compared to 2005.
Although this was Abazias.com's fourth annual consecutive sales increase, the company still posted an annual loss of $139,613.
In the fourth quarter, sales of $1,587,412 strongly beat the forecast of $1,000,000 sales for the quarter, with an estimated loss of $5,605 for the period. The firm cautioned that these figures are not final and may be subject to adjustment.
“We launched a significantly enhanced website with new, user-friendly, and innovative technology like a 3-D ring builder. These changes were instrumental in boosting sales,” Abazias CEO Oscar Rodriguez said this morning. “We made it easier for people to research and ultimately purchase – as our healthy holiday sales and year-end figures show.”
Abazias.com showcases more than 80,000 diamonds, valued at more than $550 million. Most of the diamonds are GIA, AGS, or EGL certified.