SALT LAKE CITY, Dec. 23, 2014 (GLOBE NEWSWIRE) -- Online shopping site Overstock.com, Inc. (Nasdaq:OSTK) is offering a one-day flash deal with a twist in the form of a $120,000 engagement ring this Christmas. The ring, which features a 5-carat cushion-cut diamond surrounded by 36 additional diamonds set in 18-karat white gold, has an MSRP of $282,949.99 and will be accompanied by complimentary prenuptial legal services in the home state of the purchaser valued up to $3,500.
"Overstock has a wide assortment of products that offer the best value at any price point, and this amazing ring is a good illustration of that," said Overstock.com President Stormy Simon. "That being said, we also understand the need for a solid 'return policy,' and that's why we've included the prenup with this deal."
Overstock.com features jewelry of all types in its online Jewelry Liquidation Vault, including the entire inventory of online jewelry retailer Bidz.com, which Overstock.com purchased out of bankruptcy earlier this year.
"Overstock's Jewelry Liquidation Vault is a great place to find pieces to fit any style and budget," said Simon.
The flash deal will be live on Overstock.com starting Christmas Day at 12 AM (EST), and will disappear at Midnight, or as soon as the ring is purchased.
Overstock.com, Inc. (Nasdaq:OSTK) is a discount online shopping retailer based in Salt Lake City, Utah that sells a broad range of products including furniture, rugs, bedding, electronics, clothing, and jewelry. Worldstock.com, a fair trade department dedicated to selling artisan-crafted products from around the world, offers additional unique items. Main Street Revolution supports small businesses across the United States by providing them a national customer base. Forbes ranked Overstock in its list of the Top 100 Most Trustworthy Companies in 2014. The NRF Foundation/American Express 2011 Customer Choice Awards ranked Overstock #4 in customer service among all U.S. retailers. Overstock sells internationally under the name O.co. Overstock Shopping (http://www.overstock.com and http://www.o.co) regularly posts information about the company and other related matters under Investor Relations on its website.
Overstock.com®, O.co®, Worldstock Fair Trade® and Club O Rewards® are registered trademarks of Overstock.com, Inc. O.info™, Club O™, Club O Dollars™ and Your Savings Engine™ are trademarks of Overstock.com, Inc. All other trademarks are the property of their respective owners.
This press release contains certain 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. Such forward-looking statements include, but are not limited to, promotional terms and terms of the promotional offering, and all statements not regarding statements of historical fact. Additional information regarding factors that could materially affect results and the accuracy of the forward-looking statements contained herein may be found in the Company's Form 10-Q for the quarter ended Sept. 30, 2014, which was filed with the SEC on Oct. 28, 2014, and any subsequent filings with the SEC.