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Friday, 22nd July 2005 (6341 views)

Jewellery and watch sales represented the tenth highest retail category on internet auction site eBay during the second quarter of 2005.<br/><br/>The company said trade in jewellery and watches totalled $1.5 billion during the period.<br/><br/>In 2004, total watch and jewellery sales for the entire year amounted to $1.7 billion.<br/><br/>Despite the strong trade in trinkets, automobile sales led the value of deals done in any one category, representing $14.3 billion of trade. Clothing and accessories was the next most profitable category, at $3.3 billion.<br/><br/>eBay reported a 40 per cent rise in net revenues in quarter two compared to the same period last year, at $1.086 billion.<br/><br/>The popular auction site reported a gross profit of $894.5 million, representing 82 percent of net revenues, compared with 81 percent of net revenues in the second quarter of last year.<br/><br/>"eBay achieved remarkable results in Q2," said Meg Whitman, eBay's president and chief executive.<br/><br/>"Excellent momentum in the US and Germany, as well as at PayPal, all helped deliver an impressive jump in revenues and profit," she added.<br/><img alt="track" src="http://feeds.directnews.org.uk/feedtrack/dn.gif?feedid=196&itemid=15009380"/>

 

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