Are Diamonds Amazon's New Best Friend?

(www.amazon.com) Amazon.com and (www.ashford.com) Ashford.com, a retailer of luxury products, today announced a multi-million dollar alliance in various product categories, including diamonds, watches, sunglasses and writing instruments. The companies also announced that Amazon.com will make a minority investment in Ashford.com. Amazon.com will hold approximately 16.6% of Ashford.com's outstanding common stock when the transaction closes.
     As part of the alliance, Ashford.com will offer Amazon.com customers a wide selection of products through December 31, 2000. In turn, Ashford.com will offer special promotions and benefits to Amazon.com's 13 million customers.

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