|Amazon.com Jewelry Store Retail Diamond Sales up More Than 100% in First Quarter 2008|
SEATTLE--(BUSINESS WIRE)--May 6, 2008--Amazon.com, Inc. (Nasdaq:AMZN) today announced that retail diamond sales by Amazon.com LLC increased more than 100 percent in the first quarter of 2008. Each quarter, an increasing number of Amazon.com's tens of millions of customers are shopping the Amazon.com Jewelry store (www.amazon.com/jewelry) and Watches store (www.amazon.com/watches), especially for important gift-giving occasions such as Mother's Day and graduation.
"We are very pleased that more and more of our customers are discovering the huge selection and convenience of Amazon.com's Jewelry and Watches store," said Peter Lai, Director, Amazon.com Jewelry & Watches store. "In addition to everyday items like books, electronics, shoes and beauty products, our customers are increasingly purchasing luxury goods, like diamonds, on Amazon.com as well."
Everything from pendants to stud earrings (in all sizes) to diamond chronograph watches were extremely popular with Amazon customers in the first quarter. Among the top-selling styles were a 14k white gold journey curve pendant, an assortment of princess-cut diamond solitaire rings and 1-carat round-cut diamond stud earrings. Black diamond pendants and diamond-accented watches also did very well.
Amazon added over 450 new diamond jewelry styles in the first quarter alone. One of the leading top sellers was the black diamond infinity pendant. Top-selling diamond watches included the Movado Diamond Amorosa watch, the Seiko Coutura watch and the Invicta Limited Edition Diamond chronograph watch.
Every piece of jewelry sold by Amazon.com LLC is inspected by jewelry professionals to verify quality attributes and ensure an excellent product. Customers will find detailed product specifications about each of the piece's components, including gemstones, settings and metal stamps. A Learning Center provides buying guides for pearls, diamonds, precious metals and watches. Loose stones are independently certified to be a specific cut, clarity, color, shape and weight. Finally, the store provides all of the tools and helpful information that Amazon.com customers know and love, such as Customer Reviews, Top Sellers lists, So You'd Like To guides and Listmania lists.
Amazon.com, Inc., (NASDAQ:AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc. seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of unique new, refurbished and used items in categories such as books, movies, music & games, digital downloads, electronics & computers, home & garden, toys, kids & baby, grocery, apparel, shoes & jewelry, health & beauty, sports & outdoors, and tools, auto & industrial.
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Amazon and its affiliates operate websites, including www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.co.jp, www.amazon.fr, www.amazon.ca, and the Joyo Amazon websites at www.joyo.cn and www.amazon.cn.
As used herein, "Amazon.com," "we," "our" and similar terms include Amazon.com, Inc., and its subsidiaries, unless the context indicates otherwise.
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, significant amount of indebtedness, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2007, and subsequent filings.