Mike followed that up by spending years buying and selling diamonds on the wholesale market as well as selling tens of millions of dollars worth of diamonds to diamond retailers. Mike started from the bottom, sorting and evaluating hundreds of thousands of diamonds to learn every facet (pun intended) of diamond quality and value. The author of this article, our CEO, Mike Fried has over 20 years of experience in the diamond industry. To help you with the diamond buying process we lean on our expertise and experience. He contacted the owner, formed a partnership, and shopped around his idea to the venture capital circuit. He discovered a site online called internet and was intrigued. He felt that diamonds were essentially a commodity, and that all he needed to do was learn about this commodity and then shop for the best price. Vadon was shopping for an engagement ring and was fed up with his options. The History of Blue Nileī was founded in 1999 by Mark Vadon. The setting type/color will determine the minimum quality of diamond you’ll need. It’s best to begin your search on Blue Nile with a visit to their Recently Purchased Engagement Rings page to help you choose your setting. Yet the Blue Nile diamond was almost 30% less. Costco, known for their fantastic prices, should have had the cheaper option. We compared this to what was offered at Costco. For the same price, we could have gotten this stunning diamond that is 80% larger and put it in a similar setting for the same price with out sacrificing anything in the quality department.Īnother example is this gorgeous 3/4ct diamond from Blue Nile. For example, we purchased a half carat round diamond in a solitaire setting from Tiffany & Co. Compare a couple of their offerings to that of some major retailers. We’ll get into the details below, but Blue Nile offers fantastic quality at phenomenal value. Diamonds are more expensive than James Allenīlue Nile Review – Bottom Line Recommendation.Only about 60% of diamonds in inventory have images.High quality images on thousands of diamonds.Sufficiently large exclusive inventory of diamonds.

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