News

Blue Nile notes 27% increase in sales

Notes a record sales through its international websites

diamond world news service

Blue Nile has announced its results for the third-quarter of 2007. It noted an increase in sales by 27% to value at $67.4 million, as compared to $53.2 million sales of the third quarter of 2006. The net profit surged by 63% to value at $2.97 million, while net profit margin was 4.41%. Blue Nile’s international sales from its Canada and UK websites, recorded a 104.5% year-over-year growth totaling to $4.5 million in the said period.

Underlining its performance during the first nine months of 2007, Blue Nile witnessed a 36% increase in net profits to $9.91 million, while net sales grew by 29% to $207.35 million in the year-to-date period.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Diamond Market Splits as Mid-Tier Natural Stones Face Pressure

Sabyasachi Unveils The Met High Jewellery Collection at New York Fashion Week

WFDB Calls for Unified Strategy to Strengthen Natural Diamond Trade

Diamond Prices Hit Two-Decade Low as Lab-Grown Supply Reshapes Market

Trade Calls for Local-Language Clarity on CIBJO’s ‘Synthetic’ Recommendation