How much does a Blue Nile Diamond cost?
Large online inventory of diamonds: Blue Nile has over 140,000 loose diamonds listed. Costs range from just a couple hundred bucks for a tiny, 1/4 carat stone to over 20-carat monster rocks. Blue Nile gets this large inventory from signing exclusive contracts with diamond wholesalers all over the world.
Why buy from Blue Nile?
Blue Nile's goal is to make diamond shopping a smooth experience. It educates customers about diamonds so that they can shop from the comfort of their home. This was rare back in the day. Because of this, Blue Nile has repeatedly have won the prestigious Bizrate Circle of Excellence Platinum Award.
How much did Blue Nile lose in 2000?
The initial public offering of shares in Blue Nile Inc, rose 39% in first-day trading, closing at $28.40. Although the company had $44 million in revenue in 2000, it lost $30 million because it spent $40 million in television advertising.
How much did Blue Nile raise from its IPO?
Blue Nile raised $76 million in its IPO on May 18, 2004. Merrill Lynch & Co., Bear Stearns Cos. and Thomas Weisel Partners LLC managed the IPO, sharing fees of $5.4 million. The initial public offering of shares in Blue Nile Inc, rose 39% in first-day trading, closing at $28.40.
How much does a blue nile ring cost?
What is Blue Nile's most notable thing?
How long does it take to return Blue Nile?
What is blue nile?
Where are Blue Nile earrings made?
Where is Blue Nile headquarters?
Is Blue Nile diamond GIA certified?
See 2 more
Is Blue Nile profitable?
With a new executive team in place, Koefoed says Blue Nile has boosted its revenue growth and profitability. Prior to the acquisition, Blue Nile was bringing in about $400 million in revenue per year. In the last year it cleared $500 million in revenue.
Who owns Blue Nile?
Signet JewelersSterling JewelersBlue Nile/Parent organizations
Is Blue Nile private or public?
Blue Nile is preparing to re-enter the public markets after initially going public in 2004. Just over a decade later, the DTC diamond brand — which was founded in 1999 amid the dot-com era — entered into a definitive agreement to be acquired by Bain Capital Private Equity and Bow Street for about $500 million.
Who is the CEO of Blue Nile?
Sean Kell (Aug 20, 2019–)Blue Nile / CEO
How Big Is Blue Nile?
According to materials published by the Central Statistical Agency, the Blue Nile has a total length of 1,450 kilometres (900 mi), of which 800 kilometres (500 mi) are inside Ethiopia.
Is Blue Nile trustworthy?
Diamond Selection: Are Blue Nile Diamonds Legit? Blue Nile diamonds are absolutely legit. But because they cost less than diamonds at brick-and-mortar retailers, it's understandable how someone shopping for a diamond might be skeptical. The price difference is all in the business model.
Where is Blue Nile headquarters?
Bellevue, WABlue Nile / Headquarters
Is Blue Nile still in business?
Blue Nile is an online jewelry retailer founded in 1999. It is based in Seattle, Washington. As of February 2017, it is a subsidiary of Bain Capital. Blue Nile Inc....Blue Nile (company)TypePrivate companyTotal assetsUS$ 157.4 million (2015)Total equityUS$ 18.46 million (2015)Number of employees450 (2018)ParentSignet Jewelers12 more rows
What is the markup on wholesale diamonds?
The average markup on a GIA certified Lumera diamond is less than 9%, which means the end consumer is paying very close to a true wholesale price (the price charged by diamond cutters around the world). This compares favorably to a traditional jeweler, which might mark a diamond up 100% or more.
Where is Blue Nile River located?
The Blue Nile begins near Lake Tana in Ethiopia. The Nile River empties into the Mediterranean Sea in northern Egypt.
Where do Blue Nile diamonds come from?
With diamonds from Africa, Australia, Canada, and Russia, Blue Nile has a full collection to suit every consumer's needs. Whatever type of jewelry you're shopping for, there's a conflict-free diamond that's perfect for the occasion.
Did Signet buy Blue Nile?
The jewelry giant has purchased Blue Nile for $360 million in cash as it looks to draw in younger, richer tech-savvy consumers. Pictured is the Blue Nile showroom in Silicon Valley in California. Signet Jewelers recently finalized its acquisition of the retailer.
Is Blue Nile owned by Signet?
Signet acquired Blue Nile for $360 million in 2022.
Where is Blue Nile headquarters?
Bellevue, WABlue Nile / Headquarters
Is Blue Nile still in business?
Current Blue Nile CEO Sean Kell and his current management team will continue to lead the retailer post-acquisition. Kell has been at the helm since August 2019. The company will still be called Blue Nile and is expected to trade on NASDAQ.
Did Signet buy Blue Nile?
The jewelry giant has purchased Blue Nile for $360 million in cash as it looks to draw in younger, richer tech-savvy consumers. Pictured is the Blue Nile showroom in Silicon Valley in California. Signet Jewelers recently finalized its acquisition of the retailer.
Is Blue Nile legit?
Despite its low prices, Blue Nile is a completely legitimate business. Blue Nile diamonds are GIA certified. The reason why their prices are so low...
Is Blue Nile diamonds GIA certified?
Yes, Blue Nile diamonds are certified by Gemological Institute of America. This is an independent nonprofit laboratory that grades diamonds to help...
How much does Blue Nile markup their diamonds?
Blue Nile markup their diamonds around 19.6%. In comparison, traditional retailers may markup their diamonds over 100% due to significantly higher...
Blue Nile Reviews: Legit or a Scam? - Lab Diamonds Review
For those who compare Blue Nile prices to most local stores, it might sound like a no-brainer, they do offer better prices. But it’s not a secret that online retailers have fewer expenses, as a result, they can compete and offer better prices.
Blue Nile Customer Reviews & Ratings | Blue Nile
June 2019. Diamond shopping made easy. Before finding Blue Nile I went to a local jeweler. I did this because I was spending a lot of money, and was nervous about getting a good deal.
The Blue Nile net worth
Disclamer: The Blue Nile net worth displayed here are calculated based on a combination social factors. Please only use it for a guidance and The Blue Nile's actual income may vary a lot from the dollar amount shown above.
The Blue Nile Instagram net worth
Many people ask about the amount of money The Blue Nile makes from Instagram. Normally the ad cost for an Instagram ad post is based on the number of followers on the account.
The Blue Nile Facebook net worth
Many people ask this question about the money The Blue Nile makes from Facebook. It's actually a myth about how to make money on Facebook ...
What is blue nile jewelry?
Blue Nile has since expanded its business into non-engagement jewelry by offering pearls, gemstones, and precious metal jewelry. Blue Nile aims to provide a smooth online diamond shopping experience. It educates people about diamonds so that they can browse from the comfort of their home. This was rare back in the day.
How many diamonds does Blue Nile have?
Large online inventory of diamonds: Blue Nile has over 140,000 loose diamonds listed. Costs range from just a couple hundred bucks for a tiny, 1/4 carat stone to over 20-carat monster rocks. Blue Nile gets this large inventory from signing exclusive contracts with diamond wholesalers all over the world.
Why are blue nile diamonds so low?
The reason why their prices are so low is because they operate on lower margins and do not have expensive brick-and-mortar stores. We'll examine the pros and cons below. But first, let's highlight the current Blue Nile coupons and promotions.
What are the different shapes of diamonds in Blue Nile?
Blue Nile offers 10 shapes: round, princess, cushion, emerald, radiant (vintage), marquise, pear, heart, Asscher and oval.
When did Blue Nile change its name?
A year later in 1999, Vadon had raised the funds necessary to purchase the small company. The name was changed to Blue Nile, and boom! - a diamond giant was born. Vadon parted ways with Blue Nile in 2013, but the company has shown no signs of slowing down.
What is Blue Nile's principle?
Blue Nile's principle is simple: diamond shopping should be easy. Frustrated with a bad in-person shopping experience, founder Mark Vadon turned to the web and purchased an engagement ring from internetdiamonds.com - a small site based in Seattle.
What jewelry is available at Blue Nile?
Blue Nile also has fine jewelry with gemstones, pearls, or just plain metal.
What is Blue Nile Experience?
Their “ Blue Nile Experience ” promises that you will know what you are buying, receive lower mark ups and are always buying the best. Their diamonds are accredited by two of the leading diamond grading labs in the country; GIA and AGSL.
What is Blue Nile diamond?
Blue Nile are known for signing exclusively agreements with several diamond wholesalers across the globe. These agreements stipulate that the wholesalers cannot list their stones on any of the other online retail sites, thus giving Blue Nile exclusivity to these diamonds.
How much is a Sl1 stone?
With a 0.7 carat, Sl1 clarity, very good cut and color l the results were unexpected. This stone sells on Blue Nile for $1,651 and on the James Allen site for $1,420. Over $200 less for a stone you can see and which comes with a much better accreditation.
How long does Blue Nile return?
Blue Nile offer a 30 day return policy but this too is a long winded process. Rather than bore you with any more details you can read the criteria for yourself here.
Is Blue Nile comprehensive?
The information given on the Blue Nile website is certainly comprehensive and there’s an awful lot of it. A trip to the education section is recommended before anything else as to a rookie having to choose between sl1 and vs2 clarity will mean nothing.
Does Blue Nile see diamonds?
This is probably the main reason for the serious lack of images, As these diamonds are located across the globe it seems unlikely that Blue Nile never actually see the stones, and to get around this they have introduced the blind buying.
Is Blue Nile exclusive?
There are pros and cons to this as yes you are getting an exclusive stone but on the other hand you cannot compare the price Blue Nile are charging with any other retailer.
Who bought the Blue Nile?
Mark C. Vadon, then a management consultant at Bain & Company, purchased a diamond engagement ring from the site in 1998. In 1999, Vadon raised $6 million to purchase 85% of the company and improve the website. The company's name was changed to Blue Nile in November 1999. During the next year, the company raised an additional $44 million.
How much did Blue Nile lose in 2000?
Although the company had $44 million in revenue in 2000, it lost $30 million because it spent $40 million in television advertising. Its investors contributed an additional $7 million in 2001. In 2006, Blue Nile sold $197 million in engagement rings and wedding bands, compared to $186 million for Tiffany & Co.
Where is Blue Nile located?
Blue Nile is an online jewelry retailer founded in 1999. It is based in Seattle, Washington. As of February 2017, it is a subsidiary of Bain Capital .
When was Blue Nile awarded the Bizrate Circle of Excellence Award?
Blue Nile was designated a Bizrate Circle of Excellence Award winner in 2016.
How much has CIRCA bought?
CIRCA has bought more than $500 million worth of diamonds, jewelry and watches from many thousands of clients for over twenty years. With great client reviews from thousands of clients, CIRCA's expertise is sought all over the world.
Is there a fee for a crica?
No, there are no fees nor commissions charged. Both CIRCA's in-person appointments and their online mail-in services are free, even if you decide not to sell.
Does Blue Nile have an expiration date?
The Blue Nile gift card can be used on any product available on bluenile.com, can be used in part or in full value and has no expiry date.
Does Blue Nile sell diamonds?
As part of our Jeweler for Life commitment, Blue Nile has partnered with CIRCA, a world leader in buying pre-owned jewelry, to bring you a simple and transparent service to sell your diamonds, jewelry and watches. Visit them in person at any of their 14 worldwide locations or use their free and fully insured mail-in service from the comfort of your home.
Blue Nile Insurance For Wedding Rings
Marriage is a lifetime bond that is supposed to be as strong as the vows that were taken. A wedding ring is worn to symbolize this eternal bond. For this reason, it is important that the wedding ring you buy has several guarantees and insurance covers.
Blue Nile Insurance For Engagement Rings
Blue Nile has partnered with Jewelers Mutual to provide insurance covers for engagement rings. The GIA report and appraisal valuation information collected by Blue Nile is given to Jewelers Mutual so that the proper insurance cover is offered for your engagement ring.
Does Blue Nile Offer Insurance for Other Jewelry?
Blue Nile does not offer insurance on wedding and engagement rings only but also other jewelry in their collection. This is made possible through the association they have with Jewelers Mutual.
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The Future's Looking Bright
There’s no telling what the future holds, but we’re sure it’s got plans for you. Embrace one of life’s greatest journeys in stunning style.
Design Your Own Engagement Ring
Bring your love to life with a handcrafted design that perfectly suits your relationship, budget and style. Our expert artisans will pour their passion into every detail of your beautiful custom engagement ring.
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With dozens of options for color and shape, our Lightbox lab-grown diamonds make it easy to find the right style at the right price.
Handcrafted in Seattle
Our highly skilled artisans exceed industry standards with sparkling GIA-graded natural diamonds, the finest-quality materials and outstanding engagement ring design at an amazing value.
Only at Blue Nile
When it comes to celebrations we strive to make your experience as brilliant as our jewelry with the perfect pieces for every occasion.
How much does a blue nile ring cost?
The total price for this ring came out to under $2,600. As you can see if you nose around our site, we have compared Blue Nile to many different companies. The price is always at or near the most competitive you can get from anyone online. Their business model has allowed them to continue to work on sharp margins which translates to the great prices for the consumer.
What is Blue Nile's most notable thing?
Most notable was their new packaging. Last time we were disappointed with their packaging and wrote about it. Blue Nile let us know that they heard us and were going to step up their game. They definitely did. It’s nice to see a company that takes criticism dispassionately and works to fix the problems.
How long does it take to return Blue Nile?
Blue Nile offers a full money back return within 30 days of receiving the product. If you are in the United States, you will receive an insured return label for hassle free returns. If the return is more than $500, you need to contact them in advance. As I mentioned, this was not an issue at all when I secret shopped them.
What is blue nile?
Blue Nile Blue Nile is the largest and most well known internet jewelry seller. They have a very large exclusive online inventory. Their high quality images are catching up to James Allens' and their prices are amazing. Blue Nile have generously offered our readers an exclusive one-time use coupon.
Where are Blue Nile earrings made?
Let’s get some quick things out of the way. We found Blue Nile to be the best option, by far, if you are shopping from Europe. They have a base in Ireland which allows for seamless processing and shipping. And you can read how much we loved their earrings in our diamond stud review. Now on to the main event.
Where is Blue Nile headquarters?
Well I can say that Blue Nile rediscovered their passion for quality control. We first met with the BN team at their corporate headquarters in Seattle. Instead of being argumentative on the topic (which would be understandable, given that our review was less than thrilling), they addressed the issues head on. They explained the steps they took to improve the situation.
Is Blue Nile diamond GIA certified?
All loo se diamonds on Blue Nile. com are either GIA or AGS certified. You can rest assured that when you are buying Blue Nile diamonds, you are getting exactly what they claim. You can read more about the importance of a GIA or AGS certificate here.
Price
The Company
- The impression that Blue Nile strive to purvey is that they go that extra mile to ensure their customers get the best possible deals. Their “Blue Nile Experience” promises that you will know what you are buying, receive lower mark ups and are always buying the best. Their diamonds are accredited by two of the leading diamond grading labs in the country; GIA and AGSL. Blue Nile pr…
The History
- Mark Vadon founded Bluenile.com in 1999 after struggling to find an engagement ring for his girlfriend due to the lack of choice available. Mr Vadon believed that diamonds were a commodity and that by learning as much about them as he would then be able to source them and sell them on. He chanced upon an online site called internetdiamonds.com and contacted the owner. The…
Exclusivity
- Blue Nile are known for signing exclusively agreements with several diamond wholesalers across the globe. These agreements stipulate that the wholesalers cannot list their stones on any of the other online retail sites, thus giving Blue Nile exclusivity to these diamonds. There are pros and cons to this as yes you are getting an exclusive stone but on the other hand you cannot compar…
Designer & Custom Items
- Every online retailer knows that their reputation is boosted instantly by being chosen as an outlet by specialist designers. In Blue Nile’s case, 3 top jewelry designershave chosen the Blue Nile website to purvey their wares; Colin Cowie, Monique Lhuillier and Zac Posen. Each renowned for their beautiful and unique bridal jewelry, finding all 3 in one place is quite something. They each …
Highest Possible Quality
- We have to take their word for it that we are buying the best quality possible as I quickly discovered that is wasn’t only in the build your own ring department that you don’t actually see the stone you are buying. Maybe I’m being a tad unfair as they do come with their authenticity certificates but, personally speaking, all the certificates in the world don’t mean anything to me i…
The Website
- A great first impression. The homepage is clean, crisp and very visually pleasing. The diamonds positively dazzle from their top quality images and you cannot wait to dig deeper and see them up close. Click on the engagement ring tab and you get the customary selection. We chose solitaires and took full advantage of the 360° viewer to see the rings from every angle. This isn’t as smoot…
The Imagery
- By this point I am tempted to write “what imagery?” but in fairness what there is, is of good quality. There just isn’t enough of it. I get it that to take photos of hundreds of thousands of diamonds takes time and clearly the huge sales revenue they enjoy anyway has deemed this unnecessary. The rings you can view are beautiful, so clearly the concept of eye clean isn’t lost on the develop…
The Shopping Experience
- I don’t actually know how to answer this to be honest as shopping nightmare may be more appropriate. I can only hope that the diamonds they sell have more clarity than their website but considering you only see a tiny picture of them I won’t hold my breathe. I am used to dealing with top companies who offer outstanding shopping experiences right across the board. I am not kn…
The Information on Offer
- The information given on the Blue Nile website is certainly comprehensive and there’s an awful lot of it. A trip to the education section is recommended before anything else as to a rookie having to choose between sl1 and vs2 clarity will mean nothing. This does, however, make your trip to the Blue Nile site a lengthy one if you aren’t at least a little clued up already on diamonds. Some of t…