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ABAZIAS INC (ABZS) RSS Feed

Followers
1
Posters
10
Posts (Today)
0
Posts (Total)
15
Created
05/20/04
Type
Free
Moderators
About Abazias Diamonds You know about BlueNile (NILE) IPO, opening 4.5 above expectations. "We are thrilled that a company as recognizable as BlueNile is taking the same risk we took a year ago, legitimizing the market niche," states Oscar Rodriguez, CEO of Abazias.com. "This is great for the industry as a whole." Abazias.com (ABZS) sits back and smiles as the world reacts. Abazias Diamonds (ABZS) is one of the nation's leading international discount diamond and loose diamond dealers and one of very few public companies in the online industry. Abazias features one of the largest certified loose diamond databases anywhere in the world. Abazias offers a database of over 60,000 diamonds, valued at over $50 million. All of the diamonds out of Abazias are GIA, AGS or EGL certified. Abazias also offers specialty diamonds including the "Amore Diamond" which is required to meet even higher standards for cut, clarity and dimensions. "In 2003 when Abazias.com went public, it indicated the Internet's validation of diamond sales," states Rodriguez. "We are very happy that other organizations are able to see the value in this move and legitimize what we have been working towards all along. It is refreshing to see our emerging organization from Gainesville, Florida setting the pace." Abazias.com enjoyed record sales of $1.7 million its first year as a public company, in an industry that has ample opportunities for growth. Online sales are still a small part of the U.S. diamond market, an estimated 2% of the total of $29 billion in 2003, according to the Jewelry Industry Research Institute, but that's up 25% from the year before. Overall, online jewelry sales are expected to hit $2.8 billion this year, up from $2 billion last year, says sales tracker Forrester Research. To further review Abazias.com's performance, please refer to the 10K-SB which is available online. Plans for 2004 include additional strategic marketing alliances including a current promotion with www.Maximonline.com, the online portal of Maxim Magazine. Abazias.com has created a strong customer following based on customer service and site innovations that let shoppers create their own jewelry. In addition to delivering quality diamonds at wholesale prices, Abazias.com is also a full-service jeweler offering a large selection of settings for stones purchased.
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