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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Blue Nile's 2Q Sales -1%, Profit -2% to $2M

13 august 2014

Online diamond retailer Blue Nile's sales declined 1.3 percent year on year to $106.6 million for the second quarter that ended on June 29, Rapaport reports. The company's cost of sales fell 1.7 percent to $86.4 million. Profit fell 1.6 percent to $2.2 million or 18 cents per share.
Engagement jewelry sales in the U.S. fell 4.6 percent to $60.9 million, while non-engagement sales rose 2.6 percent to $27.7 million. International sales rose 4.8 percent to $18 million, while excluding the impact from foreign exchange-rates, the increase was 6.7 percent. The value of inventory fell nearly 7 percent year on year to $32.1 million.
"The diamond price environment in the second quarter materially impacted our performance. As a result we executed strategic and targeted price changes to ensure that Blue Nile's superior value is absolutely clear to the consumer," said Harvey Kanter, the chairman and CEO of Blue Nile.  "With these changes we are seeing a return to growth, and when diamond prices normalize, we expect to see even greater benefits from ongoing investments we're making in the user experience."