GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Blue Nile reports rises in revenues and profits in third quarter

09 november 2009

Online diamond and jewellery retailer Blue Nile, Inc. reported rises in revenues and profits for its third quarter ended October 4. Net sales edged up 2.4 percent on the third quarter of last year to $66.9 million, which Blue Nile attributed to strength in bridal jewellery sales and growth in international markets, Antwerpfacetsonline reported.
International sales grew 27.5 percent in the quarter to a record level $8.8 million. Excluding the impact from changes in foreign exchange rates, international sales increased 34.8 percent.
Net income rose 10.3 percent to $2.6 million, compared to $2.3 million in the third quarter of 2008.
Operating income for the quarter grew 17.6 percent to $3.9 million compared to $3.3 million in the third quarter last year.
"The Blue Nile brand is resonating with consumers in the current environment, and we are gaining market share," said Diane Irvine, Chief Executive Officer. "As we look toward the important holiday season, we are well positioned with a broad selection of diamond engagement rings and fine jewelry and a newly redesigned website to showcase these products."
Marc Stolzman, Chief Financial Officer, said: "The trends in the business during the third quarter improved sequentially, and we project that trend to continue in the fourth quarter. Based on our third quarter results and our expectations for the fourth quarter, we are raising our guidance," said. "We are projecting fourth quarter net sales between $100 million and $109 million, and diluted earnings per share in the range of $0.35 to $0.39."