MySolitaire 1st Quarter sales revenue grows 220%, with a 30% raise in Average Order Value

May 22, 2008 - PRLog -- The online jewelry leader, MySolitaire, announced today their first quarter 2008 sales revenue growth of 220% over the first quarter 2007. Sailing smooth and steady, they reported consistent growth and a raise of 30% in average order value.

“The sales revenue growth has cautiously met out expectations, despite the restrained consumer demand. Our average order value showed a rise of 30% over the last years first quarter”, stated Ashish Jhalani, the CEO and co-founder. “We need to increase and maintain the pace of our growth; we believe our devotion to complete customer satisfaction at a better value will keep us steady even in these unstable market conditions”, discussed Ashish.

“We are pleased with our sales growth; in fact our average order value has increased by 30%, contradicting the prediction of a fall in the high end orders. Our revenue margins continue to show a consistent growth due to our unique product selection”, declared Amit Jhalani, VP and co-founder. The founders elaborated that in the current market scenario their focus would be to give their customers better value for their money.

MySolitaire is known to sell jewelry at a significantly lower price than the traditional retailers; the reason why they continue to grow even in the unstable market conditions. Moreover, with their new feature –Design Your Own Jewelry – they seem to go strong in the next quarter as well.

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Established in 2004, MySolitaire.com is a leading online retailer of fine jewelry and diamonds. A respected brand MySolitaire, aspires to provide its consumers a better way to buy diamonds and fine jewelry.
MySolitaire is known for its fine and extensive line of wedding rings and engagement rings. Showcasing thousands of certified diamonds and vista of gemstone jewelry, MySolitaire.com sells at significantly lower prices than traditional retailers. MySolitaire has also become the online leader in color diamonds line such as blue diamonds, black diamonds and red diamonds. MySolitaire can be found on www.MySolitaire.com.
Contact: Amit Jhalani, V P Sales & Marketing