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Tough Economy Yielding Blue Profits At Bluenile?

Bluenile is the #1 diamond and jewelery website on the Internet. The stock traded at $80/share last year and the company reported record profits. Today Bluenile's stock price stands at $40/share and they are being impacted by the current difficult economy.


Guys are still getting engaged and buying diamond engagement rings but the the diamonds are smaller and the price tags significantly lower. What effect this will have on Bluenile's bottom line remains to be seen.


More details here: "Blue" Blue Nile


Posted by Barry Gutwein on August 6, 2008 1:58 PM in E-Commerce. | Comments (10)

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