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Online Retail and Services

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Added on  2019-11-08

Online Retail and Services

   Added on 2019-11-08

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WEEK8 E-PORTFOLIO 1Online Retail and ServicesInstitutional AffiliationCoursesInstructorDate of Submission
Online Retail and Services_1
WEEK8 E-PORTFOLIO 2Buying or Selling Diamonds OnlineSelling and buying diamonds online is a bit risky due to the fact that the process allowsaccess and exchanges to remote markets of diamond. The difficulty in this situation is that thereis a likely possibility of prices that are better for precious gems (Doc 2017). The aspect of havingsafe transportation of these gems is also a major setback when it comes to online diamondtrading. Another aspect that is likely to prove troublesome is payment and appraisal when itcomes to online transactions (Amazo.com Inc 2017). Blue Nile’s Supply ChainEven at the time of its inception in 1999, Blue Nile was already disrupting the jewelryand diamond marketplace. Over and over again, the company has “de-mystified” the experienceof the consumer through online engagement. The biggest and loudest idea in the mind of theorganization is to create a disruptive and innovative business model able to have what theconsumer requests delivered to them. Blue Nile also manages to provide education of diamond tothe customers. Apart from that, they also guarantee sales with low prices that they offer. Thoseare some of the issues that has made the organization grow its supply. Currently, it has some ofits products advertized in Amazon.com Inc. Blue Nile is the leading online diamond and jewelryretailer. It offers diamonds of high-quality and makes revenue of over $470m (Amazon.com Inc2017). Revenue DriversAt the time of writing this article, Blue Nile happens to be the retail firm that dominatesthe online e-commerce sector with regards to diamond and jewelry sales. As early as 2012, BlueNile’s product purchase value was at $51.7 billion. It should, however, be noted that this figure
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