ABAZIAS INC (ABZS)

[screamdc]

Tuesday , December 27, 2005 11:26 ET

Holiday season jewelry sales fell (4.6%) after years of solid gains according to the Wall Street Journal. Shares of both online (JWLR -4%, ABZS -10%, DGSE, REDE, NILE) and brick and mortar (EILL, FNLY, TIF, SIG, ZLC) jewelry retailers and wholesalers are underperforming this morning with little in the way of company-specific news. The S&P Retail Index (RLX +0.1%) has now lost nearly all of its early session 0.6% gain.

(--) ABZS: Abazias Last week Knobias reported that Abazias.com raised $200,000 in a private placement of equity securities. Famalom, LLC and Abundance Partners, LP, a NY based Hedge fund, bought an anticipated maximum of 2.43 million restricted shares at or near market prices for a minimum of $0.07 a share. The agreement also include partial non-registered warrant coverage with various strike prices up to .20 cents.

+ CTHR: Charles & Colvard shares are modestly higher, after a pummeling last week on disappointing sales guidance.