09 Dec 2022
DiamondWorld Directory
Home |
Blue Nile’s net sales drop 1.3% in Q2
Engagement jewelry net sales in U.S. slips 4.6%
By: Diamond World News Service
Aug 6 2014 7:01PM
Reference: 9412  

For its second quarter closing June 20, 2014, Blue Nile recorded a 1.3 percent drop (on y-o-y basis) in its net sales valuing US$106.6 million, reports say. The quarter delivered a stable net income, valuing US$2.2 million.

Net jewellery sales of only engagement jewellery in the U.S. dropped 4.6 percent to US$60.9 million, while the non-engagement jewelry category in the U.S. delivered a 2.6 percent increase in net sales to US$27.7 million. International jewellery net sales rose 4.8 percent to US$18 million, while the said sales excluding impact from changes in foreign exchange rates, rose 6.7 percent, reports say.

The company’s operating income valued US$3.2 million, representing an operating margin of 3 percent of net sales.

The company attributed its performance to the diamond prices prevailing in the second quarter, reports say.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32060
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 9574
GJEPC Chairman Interview
Views: 28161
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 39413
Promo for IJ Awards 2012 at NDTV Profit
Views: 57097
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 68598
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21911
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50961
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53160
Member of:
Supporter of: