ABAZIAS LAUNCHES RINGBUILDER 2.0

Leading Online Diamond Supplier Features, Increased Functionality and 300% increase in engagement ring inventory

GAINESVILLE, Fla. - June 15th, 2007 - Abazias Diamonds (ABZA) has launched the Ringbuilder 2.0 in addition to overall site and inventory enhancements. The ring builder allows for seamless functionality and integration, allowing shoppers to select and see different diamonds as well as engagement ring settings while building a ring.

Abazias.com will soon be expanding their engagement ring inventory by 300%, putting their selection of engagement rings on par with their vast selection of loose diamonds. In addition, Abazias recently increased their engagement ring options and will soon offer wedding bands to match rings created with the Ringbuilder 2.0.

"Abazias has consistently reinvested into the infrastructure and functionality of our website, with customers in mind," states Oscar Rodriguez, CEO of Abazias. "Our ever-increasing sales figures let us know that our initiatives like the Ringbuilder 2.0 and our constantly expanding diamond information resources are sound investments."

Abazias Diamonds has created a strong customer following based on customer service and site innovations that let shoppers create their own engagement ring. In addition to delivering quality diamonds at wholesale prices, Abazias is also a full-service jeweler offering a large selection of settings for stones purchased.

Abazias showcases over 100,000 diamonds, valued at over $1 billion on its website. Most of Abazias.com's diamonds are GIA, AGS or EGL certified. Abazias offers the "Couples Diamond" which is required to meet even higher standards for cut, clarity and dimensions. Abazias is also a full-service jeweler offering a large selection of settings for stones purchased. For more information about Abazias, visit the company's website at www.abazias.com.

This press release may contain statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.

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