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Abazias Sets off the Holiday Season with Big Diamond Sales and Tiffany 3Q Profit Up 37 Percent to $23.8M
City of Industry, CA --(www.FinancialNewsUSA.com)-- 12/06/2005 - Jewelry Stores industry news provided by Financial News USA (OTC: FNWU) Abazias Diamonds (OTCBB: ABZS) is proud to announce the recent sale of several large diamonds. With the winter holidays fast approaching and Valentine's Day just around the corner, this online diamond supplier has encountered an increased interest in diamonds over three carats in size. Recent sales include a $90,000, 7.02 carat, J color, VSII clarity diamond. When purchased through Abazias.com, this one-of-a-kind diamond offers a savings of nearly 30% off of retail prices.
Fine jewelry retailer Tiffany & Co. (NYSE: TIF) on Wednesday said third-quarter earnings grew 37 percent on higher profit margins, a lower tax rate and sales growth. Still, shares of Tiffany fell $1.44, or 3.4 percent, to close at $40.70 Wednesday on the New York Stock Exchange. The stock has traded in a 52-week range between $28.60 and $43.80. Just in time for the holidays, Blue Nile (Nasdaq: NILE), the leading online retailer of high quality diamonds and fine jewelry, today announced the launch of three new Build Your Own diamond jewelry customization features. Odimo Incorporated (Nasdaq: ODMO), an online retailer that offers high quality diamonds, fine jewelry, brand name watches and luxury goods through three websites (diamond.com, ashford.com, and worldofwatches.com), today announced financial results for the third quarter and nine months ended September 30, 2005.
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