'The Artist' Actress Penelope Ann Miller Exquisite in Blue Nile Pink & White Diamonds at 84th Annual Academy Awards(R)

SEATTLE, Feb. 26, 2012 (GLOBE NEWSWIRE) -- Blue Nile, Inc. (Nasdaq:NILE), the leading online retailer of diamonds and fine jewelry, adorned actress Penelope Ann Miller with a rare three-carat pink radiant diamond ring, surrounded by pink and white diamonds; an art-deco 24-carat diamond encrusted cuff bracelet; and 11-carat halo drop diamond earrings at this evening's Academy Awards® in Los Angeles.

The one-of-a-kind jewelry pieces are part of Blue Nile's "Extraordinary Collection" created exclusively for celebrity red carpet appearances and premiere Hollywood events.

Held at the Kodak Theater in Los Angeles, the Academy Awards® is recognized as Hollywood's most distinguished event and the industry's highest honor.

Produced in black-and-white, 'The Artist' explores the transition from silent films to talkies. It is nominated for 10 Academy Awards®, including Best Picture.

Blue Nile jewelry is among the finest in the world and chosen by a number of celebrities, including Helen Mirren, Penelope Ann Miller, and the cast of CW's hit television show, 'Gossip Girl.'

For more information on Blue Nile, to schedule an interview, or request photos, please contact:

Jessica Piha
Blue Nile

Alexandra Neff
Coburn Communications

About Blue Nile, Inc.

Blue Nile, Inc. is the leading online retailer of diamonds and fine jewelry. The Company delivers the ultimate customer experience, providing consumers with a superior way to buy engagement rings, wedding rings and fine jewelry. Blue Nile offers in-depth educational materials and unique online tools that place consumers in control of the jewelry shopping process. The Company has some of the highest quality standards in the industry and offers thousands of independently certified diamonds and fine jewelry at prices significantly below traditional retail. Blue Nile can be found online at www.bluenile.com, www.bluenile.ca and www.bluenile.co.uk. Blue Nile's shares are traded on the Nasdaq Stock Market LLC under the symbol NILE.

The Blue Nile, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9579

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