Abazias Diamonds Enjoys Another Record Quarter

Gainesville, FL - August 16, 2007 – Abazias.com (OTCBB:ABZA) is thrilled to announce its results for the second quarter 2007. The company has reported a 58% revenue increase for Q2 with sales for the quarter coming in at $1,697,683, and increased gross margins to 21% in line with Blue Nile (NILE). This gross margin increased almost 62% over the same period in 2006.

Additionally, Abazias is expected to report a 97% revenue increase for July 2007 alone, and looking ahead August is projected to be the best month in the company"s history in terms of revenue. For further information regarding Abazias" second quarter performance please refer to http://www.sec.gov/edgar.shtml.

"So far, 2007 has been off the charts with fantastic sales and impressive quarterly reports," comments Oscar Rodriguez, CEO of Abazias. "We attribute such success to our innovative website technology, top-notch customer service, and ever-expanding inventory."

Abazias Diamonds has created a strong customer following based on customer service and site innovations that let shoppers design 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 http://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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