58% Rise in Abazias Q2 Revenues

Online diamond and jewelry retailer Abazias.com announced a second quarter revenue increase of 58 percent to $1.7 million, up from the $1.1 million in the second quarter of 2006. The company’s gross margins rose 21 percent, a 62 percent increase over last year.

Although official figures have not been released, Abazias is expected to report a 97 percent revenue increase for July 2007 alone.

“So far, 2007 has been off the charts with fantastic sales and impressive quarterly reports,” comments Abazias CEO, Oscar Rodriguez. “We attribute such success to our innovative website technology, top-notch customer service and ever expanding inventory.”