Most of online retailing competitors apply the Blue Nile strategy of buying from suppliers only when an order is made by the customers. Countless factors go into deciding who to purchase a diamond ring from. Blue Nile is redefining that by not actually purchasing and holding inventory, but simply listing the diamonds directly from the manufacturers and/ or wholesalers. All of that is slowly changing or, for anyone who bought an engagement ring in the decade prior, rapidly evolving. Safety is the most important and the first of all our values. Blue Nile advertises as the “first and largest online retailer dedicated to helping you find the perfect piece that lives up to your love“. Best of all, they've mastered the art of securely shipping jewelry and handling returns or issues with ease. The Blue Nile finance has exhibited a stable trend since the early 2004 and has remained so throughout. The giveaway ends on 3/31/21. The main competitors of the Blue Nile Company are Zale, sterling, tiffany and Heklzer (E-Commerce Students, 2009). Sue is now currently based in Carmel-by-the-Sea on the Monterey Peninsula in California. Ranked our #1 online jewelry retailer for 2020! Blue Nile's price for ONE diamond was $2,300 more than TWO similar diamonds from this eBay seller, mounted in 14k gold earrings. Why Choose Us? The company is headquartered in Seattle, Washington and offers customers a huge selection of products … Tiffany and co 2.Signet Group – Kay Jeweler 3.Zale Jeweler stores Ranked our #1 online jewelry retailer for 2020! ITS COMPETITION TIME ... A special thanks goes to the boys at Blue Nile who have come in that extra hour to prepare food and again a special thanks goes to all our front line and key workers who are back at it again making sure we are all safe. Enso vs Qalo: Which Silicone Ring is Best? And also Blue Nile sister sites with similar features to Blue Nile.. And also Blue Nile sister sites with similar features to Blue Nile.. Blue Nile has a large inventory with over 160,000 diamonds to choose from! Expect lower markups and higher quality fine jewelry. Blue Nile. Find the latest 229234 (NILE) stock quote, history, news and other vital information to help you with your stock trading and investing. While productivity, cost and quality are core business values, we will not compromise safety for their sake. Whether you’re looking for an engagement ring to show off how much you truly love someone or you’re looking for a classic, timeless piece, Blue Nile offers you a wide selection of diamonds for a stunning price. Until about fifteen to twenty years ago, most engagement rings were bought at traditional jewelry stores in small boutiques or sprawling malls. If you want to customize the perfect ring, James Allen is THE best choice with the highest fidelity visuals. Millenials, as the leading consumers of engagement rings, are rejecting traditional wisdom. 7 years later, James Allen followed the same idea, but with more stricter conditions for diamonds listed on their store. Blue Nile is the biggest online jewelry retailer. How many offices does Blue Nile have? You can access their website as well to order products, but you can also go down for a glamorous experience and compare diamonds side-by-side if you prefer for a slightly higher cost. Blue Nile competitors include Tiffany & Co., Shane Co., Helzberg Diamonds, Zale, Ultra Stores, Jared, Harry & David Holdings, Mustangs Unlimited, Fulton Paper, Duluth Trading Company, PREMIER PET PROD, ABC Carpet & Home, Service Merchandise, Ross-Simons, Kane's Furniture, Bob's Discount Furniture, Appliance Factory Parts, Living Spaces, P. C. Richard & Son, DIAMOND INT … The technologies that are used by Blue Nile are: Adobe Illustrator, Microsoft Project, Adobe Fireworks, Impact Radius. Blue Nile operates in a highly competitive and fragmented market. The main competitors of the Blue Nile Company are Zale, sterling, tiffany and Heklzer (E-Commerce Students, 2009). I go into depth later on on some of the top sites like Blue Nile, but here’s an overall list (updated Quarterly) with our top online jeweler recommendations. What is Blue Nile's tech stack? If you want a classic diamond engagement ring there’s no reason you can’t, however, find one with any of these companies. Discount is set in USD, equivalent can be applied in another currency and at the exchange rate accepted by Blue Nile… Kay Jewelers, Inc. is one of Blue Nile's top competitors. What recommendations would you make to Blue Nile management to strengthen the company’s competitive position and future strategic and financial performance? Today, Love You Tomorrow is a wedding blog that features not just Sue’s expertise on wedding and engagement rings, but also insights from her “Wedding Party”, a team of wedding experts and enthusiasts who write guides, recommendations, and tips for happy couples looking to tie the knot. For a decade after decade, diamond engagement rings have been an investment. BLUE NILE JEWELLERY LIMITED is located in DUBLIN 2, Ireland and is part of the Business Services Sector Industry. Price is not a factor because it can vary greatly, mostly depending on the diamond carat, cut and clarity (more on costs later). But your search will also bring you a list of competing companies, like James Allen, Ritani, and Brilliant Earth, among a slew of others. Blue Nile Sewing Contractor has 5 total employees across all of its locations and generates $200,000 in sales (USD). Save my name, email, and website in this browser for the next time I comment. 1 – Data availability depends on company’s security policy. Crown Jewelers Review: Is this Company Worth it? Personally, I love the James Allen 360 degree view customization options. Market Share of Blue Nile's Largest Competitors A competitive analysis shows these companies are in the same general field as Blue Nile, even though they may not compete head-to-head. It’s not just diamonds that are available at Jared either, as everything from opals to topaz are on display. Specializing in diamond rings, they have an inventory of over 180,000 loose diamonds to choose from. Jewelry Stores like Blue Nile list. In other words, almost everyone wants to feel assured they are selecting the best company possible for their purchase. They, along with James Allen , consistently offer the best bang for your buck for the overwhelming majority of our readers. The commercials have long flooded American airwaves and for good reason: you can get amazing jewelry at amazing prices. Namely, four things: It’s not so surprising, even for purchase as significant as an engagement ring. Blue Nile is an online jewelry retailer founded in 1999. Blue Nile has since expanded its business into non-engagement jewelry by offering pearls, gemstones, and precious metal jewelry. Together they lifted over … Online shopping is becoming increasingly popular, an inverse relationship with shopping at traditional stores. Sue grew up schooled in the different properties of gems and metals, as well as in the care and appraisal of jewelry. That said, they are a hugely popular company, but we wanted to find out if they were as inexpensive as they claimed to be in terms of their loo… It is based in Seattle, Washington and competes with online retailers such as James Allen, Belgium Diamonds, and Ringsberry.com. The major problem of the Blue Nile is that the organization has limited itself only in diamond ring products whereas, its giant competitors like DeBeers or Tiffany’s are successful they … Companies may grow organically or through … However, there are some significant differences between the two, and being informed of them is important when making a momentous decision like purchasing an engagement ring. Safety, integrity and quality of workmanship are the bedrock of our company. Engraving is free and their online chat is always available. Blue Nile is the world's leading diamond jeweller online for engagement and wedding rings. The average salaries at Helzberg Diamonds rank the highest, with their employees earning … What does a SWOT analysis of Blue Nile reveal about the overall attractiveness of its situation? Blue Nile. The giveaway ends on 3/31/21. Ritani: Ritani really should tie with James Allen, for its commitment not only to the Kimberley Process but also for supporting local communities in both Africa and the United States. Since rings were only one item on an engaged couple’s to-do list, Sue also began to receive inquiries about how the perfect rings would fit into the rest of the whole wedding picture. There’s something truly special about being able to custom design something, and all four of these sites are among the best for doing so, at all price ranges. James Allen: James Allen follows both the Kimberley Process and claims itself as the “sole online retailer of Canadamark diamonds.” Canadamark diamonds mean that diamonds mined in Northwest Territories (Canada) are tracked from their sourcing for adherence to respecting the socioeconomic and environmental needs of Aboriginal communities. You might not be eating breakfast there, but it is undeniable that this major retailer of diamonds is the direct competitor of Blue Nile. While it’s true that Blue Nile offers a lot of perks and an extensive inventory, it’s also true that shopping for an engagement ring, online or traditional, shouldn’t be taken lightly. Blue Nile's main competitors include Tiffany & Co., Signet Jewelers, Charles & Colvard, Ritani and AUrate. How low is the return rate for this diamond retailer? That said, they are a hugely popular company, but we wanted to find out if they were as inexpensive as they claimed to be in terms of their loo… Most of online retailing competitors apply the Blue Nile strategy of buying … But there are some clear winners in this category. See insights on Blue Nile including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Blue Nile is the world's leading diamond jeweler online for engagement and wedding rings. Brilliant Earth offers real views of actual (not model) diamonds, while James Allen offers a more advanced 360-degree view of diamonds, plus special collections for more unique settings. Then we’ve put together 4 alternatives to Blue Nile for you to consider as you shop for your jewelry. Free Shipping and Free Returns. But where it gets an edge is more transparency, more information, its membership as a Responsible Jeweler, and its partnership in Namibia. The calculation of odds of distress for Blue Nile stock is tightly coupled with the Probability of Bankruptcy. Blue Nile is certainly determined for a low-cost gain over competitors as this is quite vibrant from the approaches or the strategies espoused by the company. Save 25% Off Pre-Black Friday D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like Blue Nile Sewing Contractor around the world, including contacts, financials, and competitor information. But here’s where it gets confusing: When two competitors claim to be the best, which one really is? Blue Nile understands online jewelry shopping. Blue Nile’s competitors include the following: Blue Nile is one of the most popular and well-known online jewelry retailers. … And because of that, and also because of its enormous sales history, many customers might opt to go with Blue Nile. As a leader in the online diamond business, Blue Nile … Since then, Sue’s vision for the blog expanded to become a one-stop shop for other resources on weddings in general. Between the 2 of them, JA is a tad … Also read Blue Nile SWOT Analysis, STP & Competitors. checking out Blue Nile for more competitive pricing, Best Prime Day Jewelry Deals for 2020: Deals on Rings, Necklaces, and Watches. Feature Comparison Between JamesAllen.com vs BlueNile.com. Her first posts were buying guides for diamonds, roundups of her favorite ring recommendations around the web, and practical tips about choosing the right gemstone for you. At Blue Nile… What factors come into play to determine which is the right choice for you? As a second choice, I’d recommend checking out Blue Nile for more competitive pricing. Blue Nile Place & Distribution Strategy: Following is the distribution strategy of Blue Nile: Blue Nile products are only available online since its inception. It has been deliberated that at the present moment Blue Nile has a certain cost edge over other rivals operating in the Industry. Where is Blue Nile headquarters? Blue Nile Contractors. So how to sort out what the best sites are? You’ll need to look into also style and overall collections each company offers. Personally, I love the James Allen 360 degree view customization options. Blue Nile’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News Bluenile top competitors include: Jared, James Allen, Kay, Tiffany, Helzberg Diamonds, Brilliant Earth, Brian Gavin Diamonds, Shane, Barkev’s, Reeds. Blue Nile Competition Competitors Below are the top 3 Blue Nile competitors: 1. Qalo vs Groove Rings: Which Brand is Better? Expect lower markups and higher quality fine jewellery. It’s about having a unique design that speaks to your personality. Free Shipping On Every Order 0800-206-1160 Virtual Appointment this appointment feature is not accessible, please do not toggle this if using a screen reader Nonetheless, Brilliant Earth comes ahead of Ritani, with 340 reviews and. Diamond Selection: 147,151 Price Range: $265 to $1,037,102 Blue Nile is one of the most reputable online-only retailers of loose diamonds, and while they now share our 5-star rating with another store, they still earn our recommendation as an excellent place to shop. This can give customers looking for a good price the confidence to make that final buy. I contacted Blue Nile … Blue Nile is the biggest and best online jewelry store in the world today. The way James Allen words it, though, this is a collection and not the whole of their diamonds. This is an amazing jewelry store that helps you find any kind of jewelry accordingto your budget. Company reputation, customization, pricing, policies, and diamond sourcing policies are only a few. But where it gets an edge is more transparency, more information, its membership as a, Again, the problem with this method is companies with fewer reviews may get a nudge to the side. Blue Nile's CTO is Marques Kirsch. Both offer competitive pricing. It just doesn’t go above and beyond as some of its competitors. Compared to Blue Nile… What makes Brilliant Earth and James Allen stand apart? Even customers who are sold on the idea of shopping, or at least browsing online for an engagement ring might be hesitant when it comes to settling on a company. This was around the time when many of Sue’s friends and family members were getting married. Blue Nile is an online-only jewelry company that has been in business since 1999. Blue Nile was founded in the year 1999 (Thompson 1) and it has since grown to become the world largest online retail dealer of best high quality diamonds and gems. Blue Nile claims lower markup prices — up to 20% to 40% less than traditional jewelers, similar to other online jewelers in our top three. There’s also a comprehensive training program to help customers recognize how to find the best diamonds available. It has a strong brand presence throughout the United States. Blue Nile Contractors. You can also filter by price, though almost all only calculate the price once you’ve finished creating a ring. Blue Nile Inc. vs. They also feature a specific curated collection Dreams of Africa from which ALL the profits are donated to Jewelers for Children (JFC). To put that into perspective, the same size of diamond with similar color, cut and clarity ratings can be as much as $500 cheaper on this website and over $2,500 cheaper than the typical jewelry store has offered. Customers were generally happy with their purchase, but complaints included weakly made set designs as well as issues of orders or request becoming unavailable upon selection. Whiteflash: Whiteflash follows BOTH the Kimberley Process and is a member of the United Nations Global Compact supporting the Kimberley Process. Conflict-free diamonds are front and center for this company, with plenty of details about the company’s sourcing standards. Filters include metal type, setting, diamond shape/cut/color/clarity, etc. Blue Nile and Tiffany & Co. are both upscale, preeminent, jewelry retailers known for their diamond engagement rings. 2. We earn a commission if you click this link and make a purchase at no additional cost to you. The company markets its product online through the internet. Blue Nile's main competitors are: DIAMOND, Diamonds International, Spence Diamonds, Genesis Diamonds. Who is Blue Nile's CTO? If you want to customize the perfect ring, James Allen is THE best choice with the highest fidelity visuals. Blue Nile headquarters is located at 411 1st Ave S #700, Seattle. Both have helpful apps as well, so what sets this organization apart from Blue Nile is the level of service. The blog started out as a place to house Sue’s now in-demand knowledge. You can have the best option possible on paper (or in this case, online) and still not pick the company with the best reputation. It’s less than 1%! These online retail competitors include whiteflash.com, ice.com and JameAllen.com among others. Blue Nile has 50 (%) percent chance of experiencing financial distress in the next two years of operations. The non-profit organization was founded 17 years ago and is considered a basic, but essential standard for diamond sourcing globally. Answers to these questions and more as we perform an indepth comparison between James Allen vs Blue Nile. James Allen is essentially a clone of Blue Nile. But Blue Nile isn’t solely an online retailer. Blue Nile for a decade and a half was known to hold the largest “virtual” inventory of diamonds, until mid-2018, where James Allen heated up the competition and listed more than 200000 (yes, two hundred thousands) diamonds, while at the same time, Blue Nile … Assert their commitment to conflict-free diamonds. When it comes to diamond prices, both James Allen and Blue Nile offer competitive prices that are 25-50% lesser than what you would pay in a typical jewelry store. Overall, James Allen has more options if you're looking for a new unique ring. Blue Nile helps tech-savvy Marc Antonys bejewel their Cleopatras. While looking at other players in the market like, Overstock and Amazon have made a significant growth in the diamond ring business. Maximum discount is $50 per customer, per order. Diamond Selection: 147,151 Price Range: $265 to $1,037,102 Blue Nile is one of the most reputable online-only retailers of loose diamonds, and while they now share our 5-star … The company that became Blue Nile began in 1995 when Doug Williams of Williams & Son Inc. of Seattle started a website to sell diamonds online. Blue Nile has offices in Seattle and Dublin 2. That’s mainly because not only is it difficult to make a direct product comparison, since there are so many factors involved, especially when it comes to custom diamond engagement rings, but the four sites are among the best for a large variety of both pricing and financing options. Love You Tomorrow was founded by Sue Fox, a jewelry and wedding enthusiast from New York. Blue Nile aims to provide a smooth online diamond shopping experience. 3. Only two other diamond retailers purchased more diamonds from wholesalers than Blue Nile in the past year and Tiffany’s is one of them. We earn a commission if you click this link and make a purchase at no additional cost to you. It also scored a WeddingWire Couple’s Choice Award for 2015 and 2016. When you take a look at customer reviews, the issue is there are so reported on this site: there was a tendency to report complaints more than positive reviews so to be fair to companies that had very few reviews on BBB (like Ritani), we took a look at WeddingWire user reviews instead). The company faces competition from diamond and jewelry retailers like Zale, Signet and Tiffany. This kind of cut off the middle man and all it’s overhead, and so Blue Nile is able to offer their diamonds at unbeatable prices. Love You Tomorrow began as a passion project in 2016. Like Blue Nile, Kay Jewelers, Inc. also competes in the Jewelry sector. In addition to the Kimberley Process, all Brilliant Earth diamonds are “beyond conflict free”: Customized engagement rings are a way to design unique rings with your style and budget in mind. Understanding current and past Blue Nile Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. Blue Nile has 673 employees across 2 locations, $62.01 m in total funding, and $480.06 M in annual revenue in FY 2015. Blue Nile’s competitors include the following: James Allen; Barkevs; Whiteflash; Brian Gavin; Charles & Colvard; Jared; Kay Jewelers; Reed’s; Gabriel and Co; Zales; Helzberg Diamonds; Ritani; Angara; Brilliant Earth; Diamond Nexus; Shane Co; Why Blue Nile and Sites Like Blue Nile Are So Popular? Are you looking for other alternatives as you work to find the perfect item to represent how you feel about someone – even if that someone is yourself? The good news is the four best sites we’re taking a look at all: The Kimberley Process sets the basic standards that sourced diamonds are verified not to be involved in financing civil wars. Enter Blue Nile's Sweepstakes for your chance to win a shopping spree worth $20,000. In general, all companies use a three or four step process when creating a ring. Read on to discover the advantages and disadvantages of purchasing from both companies. Blue Nile … Blue Nile's CEO is Sean Kell . Here are our rankings: Blue Nile: In this category, Blue Nile comes in behind its competitors. Knowing her expertise, they often sought out her advice on wedding and engagement rings. 2 – These sections are available … And with non-commissioned expert consultants available 24 hours a day, customers get at very least a taste of the best of both worlds. Blue Nile Place & Distribution Strategy: Following is the distribution strategy of Blue Nile: Blue Nile products are only available … Blue Nile calls the business model disruptive, and it does disrupt the traditional retail setup. Use fundamental and technical analysis of Blue Nile and its peers It became apparent pretty quickly that the most common visitors to her blog were couples in the market for wedding and engagement rings. For this category, we take into consideration not only the degree of customization offered but also the services and additional perks provided. ", Review of the Garretts Popcorn Franchise Opp and Startup Costs, Burger King SWOT Analysis (2021): 21 Big Strengths and Weaknesses, Spotify SWOT Analysis for 2021: 26 Strengths and Weaknesses, Uber SWOT Analysis for 2021: 23 Major Strengths and Weaknesses, Netflix SWOT Analysis (2021): 23 Biggest Strengths and Weaknesses, Tesla SWOT Analysis (2021): 33 Biggest Strengths and Weaknesses, 14 Core Values of Amazon: Its Mission and Vision Statement, Is AliExpress Legit and Safe: 15 Tips for Buyers, How Does Zoom Make Money: Business Model Explained, A Look at Southwest Airlines Mission Statement: 10 Key Takeaways, Apple’s Mission Statement and Vision Statement Explained. The leader in online jewelry sales through its bluenile.com, the company offers luxury-grade jewelry, loose diamonds, settings, and engagement rings, as well as nonbridal jewelry made of gold, platinum, and silver set with diamonds, pearls, emeralds, rubies, and sapphires. Ultimately, you’ll have to weigh in the pluses and negatives to see which is the best fit for you. Bottom Line: Overall, personally James Allen offers me the most in terns of usability, quality inventory, customer experience and diamond sourcing. Best Blue Nile Alternatives & Competitors [2021]. And its better alternatives are provided in this post. Only two other diamond retailers purchased more diamonds from wholesalers than Blue Nile in the past year and Tiffany’s is one of them. Diamond sourcing is a concern because diamonds sometimes come from questionable origins: diamonds have been known to be associated with financing civil wars, harsh or illegal labor practices, and a slew of human rights violations. These are the largest companies by revenue. of 4.7/5. THE RING But the item that is held inside the package is what counts the most and this is the area where Blue Nile stands out from the rest of the crowd. However, they may not have the largest market share in this industry if they have diversified into other business lines. And its better alternatives are provided in this post. Free Shipping. This offer cannot be combined with any other Blue Nile offer, promotion, or the Blue Nile Affiliate Program. Love, Fahim & Blue Nile team x See More. | Powered by WordPress. This is an amazing jewelry store that … The assumption was that a diamond ring should cost about three months’ salary, making it an important, expensive, and time-consuming endeavor. Love you all and stay safe, can’t wait to see you again. Building the Future One Customer at a Time, Since 2005. Who are Blue Nile competitors? It is one of the largest selling Jewellery websites in the US. Our Pick Jewelry Stores like Blue Nile list. From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors, 250 Catchy and Creative Jewelry Business Names, 51 Best Bracelet Business and Company Names, "From Disabled and $500k in Debt to a Pro Blogger with 5 Million Monthly Visitors. You can access their website as well to order products, but you can also go down for a glamorous experience and compare diamonds … For this review, we’ll be considering many factors by different categories. Her father, Simon, was a jewelry appraiser, whose family had deep roots in the mining industry. The company that became Blue Nile began in 1995 when Doug Williams … To be sure, there are online retailers or traditional jewelers that do not directly state their compliance with the Kimberley Process. They offer 360 degree REAL diamond images online, so you know exactly what you are getting. Blue Nile's main competitors are: DIAMOND, Diamonds International, Spence Diamonds, Genesis Diamonds What is Blue Nile's tech stack? Blue Nile. A survey of 1,000 millennials revealed that over 30 percent thought it was proper to spend only a months’ salary, or less, on an engagement ring. You might not be eating breakfast there, but it is undeniable that this major retailer of diamonds is the direct competitor of Blue Nile. both the Kimberley Process and claims itself as the “sole online retailer of Canadamark diamonds.” Canadamark diamonds mean that diamonds mined in Northwest Territories (Canada) are tracked from their sourcing for adherence to respecting the socioeconomic and environmental needs of Aboriginal communities. While all four companies were selected as some of the best sites, there are some distinguishing factors from company to company. The major problem of the Blue Nile is that the organization has limited itself only in diamond ring products whereas, its giant competitors like DeBeers or Tiffany’s are successful they have wider segment of product unlike the Blue Nile.

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