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Blue Nile Annual Sales $203 Million

March 15, 06 by IDEX Online Staff Reporter
 

Online jewelry and diamond retailer Blue Nile enjoyed a 20 percent jump in sales last year, totaling $203.17 million. Net income for the year is up over 31 percent to $13.153 million. Annual gross profits total $45.144 million.

 

In addition to its main site, Blue Nile operates a Canadian site and a U.K. site. The two generated $3.3 million in sales during the year.

 

The e-commerce company reported that most of its goods are purchased and in its inventory. Only a portion is bought from diamond and jewelry firms following an online purchase by clients.

 

At the end of the fiscal year, Blue Nile had an inventory of $629,000 loose diamonds and $11.135 million in jewelry and watches.

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