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 1Q 2012 Financial Results Exceed Expectations

11 may 2012

This Tuesday Blue Nile, Inc., the leading online retailer of diamonds and fine jewelry, reported financial results for its first quarter ended April 1, 2012.
The Seattle-based company said its first-quarter sales rose 3.6 percent from a year ago to $83.1 million, putting it back in positive territory after a 2.1 percent slide in the prior three-month period. Analysts expected revenues of $82.30 million for the quarter. The company also said its number of new customers grew by 20 percent year over year.
While it posted a narrow profit of $154,000 or $0.01 per share, down from $2.4 million or $0.16 per share last year in the same period.
Significant drop of net profit is attributed to large-scale investments to development at the US and international markets, made in the period in report.
"We are pleased with our return to growth in revenue, as well as the increasing momentum we gained from the fourth quarter in attracting new customers to Blue Nile. In January, we launched a plan to accelerate growth in the business through increased investments in the U.S. and international markets. As expected, our financial results reflect the costs of these investments in reduced profitability versus a year ago", said Harvey Kanter, Chief Executive Officer.
Meanwhile, investors were pleased with Blue Nile's performance, and the stock surged nearly 8 percent in after-hours trading. Before the earnings release, shares closed down $1.78, or 6.1 percent, to $27.28. But the stock gained all of that back after hours, rising nearly 8 percent to $29.45.

Olga Patseva, Editor in Chief of the American Bureau, Rough&Polished