Abazias Diamonds processed record monthly sales of more than $800,000 in August, for a year-over-year increase of 81%, CEO Oscar Rodriquez says. “We are really looking forward to the fourth quarter which in our industry is usually by far the strongest,” he adds.
Abazias.com, which carries more than 100,000 diamonds valued at a total of more than $1 billion, is a public company whose stock is traded on the over-the-counter market. The retailer posted a net loss of $1.4 million on sales of $3.3 million for the six months ended June 30, compared to a net loss of $51,000 on sales of $2.2 million in the year-earlier period. The company attributed the widened loss to increases in inventory and online marketing costs.
Abazias posted a full-year loss of $222,000 on sales of $4.8 million in 2006, compared to a net loss of $435,000 on sales of $3.06 million in 2005.
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