Blue Nile Sails Q2 Smoothly

Online jewelry and diamond retailer Blue Nile increased second quarter net income 49.9 percent to $2.8 million on sales of $43.8 million. The smooth results led the company to raise full year guidance.

“As we look ahead to the second half of 2005, we are confident in our ability to achieve our goals. We are focused on expanding our market share and on further extending our leadership position in online diamond and jewelry retailing,” said CEO Mark Vadon.

The updated expectations for full year net sales are between $205.0 million and $212.0 million.