Jeweler's around the world are rejoicing because Blue Nile's growth appears to have reached a plateau at least according to Jewelry Network an online industry newsletter. Blue Nile sales during 4Q 08 decreased 26.8% while brick and mortar stores only decreased 16.2%. I guess if I owned a store this would appear to be good news but I think this is a grim forecast for anyone in the industry. My feeling is that I want everyone to do well. What an awful perspective to think that your success depends on someone else's failure. Moving forward I would like to see everyone in the jewelry industry prosper...there's room for all of us!
Image is a reclaimed mink ring by Gayle Friedman.
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