-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QLkzzKRWcMtDPBfX/7Kq18IiKDga2kZYp/VKWa9ZRmr3ywJ0OhB60ZMzsWrL8CLf FqSKhxbbVcdsrmDCbc6Q8g== 0001085146-06-000193.txt : 20060216 0001085146-06-000193.hdr.sgml : 20060216 20060216152719 ACCESSION NUMBER: 0001085146-06-000193 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060216 DATE AS OF CHANGE: 20060216 GROUP MEMBERS: ORBIS ASSET MANAGEMENT LIMITED GROUP MEMBERS: ORBIS INVESTMENT MANAGEMENT LIMITED SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BLUE NILE INC CENTRAL INDEX KEY: 0001091171 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-JEWELRY STORES [5944] IRS NUMBER: 911963165 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-80387 FILM NUMBER: 06625083 BUSINESS ADDRESS: STREET 1: 705 FIFTH AVE S STREET 2: STE 900 CITY: SEATTLE STATE: WA ZIP: 98104 BUSINESS PHONE: 2063366700 MAIL ADDRESS: STREET 1: 705 FIFTH AVE S STREET 2: STE 900 CITY: SEATTLE STATE: WA ZIP: 98104 FORMER COMPANY: FORMER CONFORMED NAME: INTERNET DIAMONDS INC DATE OF NAME CHANGE: 20000131 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ORBIS INVESTMENT MANAGEMENT LTD CENTRAL INDEX KEY: 0000940594 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ORBIS LPG BLDG STREET 2: 34 BERMUDIANA ROAD CITY: HAMILTON HM11 BERMUD STATE: D0 MAIL ADDRESS: STREET 1: ORBIS LPG BLDG STREET 2: 34 BERMUDIANA ROAD CITY: HAMILTON HM11 BERMUD STATE: D0 SC 13G 1 orbis13gbluenile021606.htm ORBIS
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

Blue Nile, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

09578R103

(CUSIP Number)

February 7, 2006

(Date of Event Which Requires Filing of this Statement)
 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)

CUSIP No. 09578R103

  1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Orbis Investment Management Limited, Orbis Asset Managment Limited

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) [X]
    (b) [ ]

  3. SEC Use Only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  4. Citizenship or Place of Organization
The Reporting Persons are companies organized under the laws of Bermuda.

Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power   989,208

6. Shared Voting Power   16,000

7. Sole Dispositive Power   1,005,208

8. Shared Dispositive Power   0


9. Aggregate Amount Beneficially Owned by Each Reporting Person
Orbis Investment Management Limited 995,208, Orbis Asset Managment Limited 10,000


10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)


11. Percent of Class Represented by Amount in Row (9) 5.81 %


12. Type of Reporting Person (See Instructions)

IA


Item 1.
  (a) Name of Issuer
Blue Nile, Inc.
  (b) Address of Issuer's Principal Executive Offices
    705 Fifth Ave. S, Suite 900, Seattle, WA 98104 USA
                     
Item 2.
  (a) Name of Person Filing
Orbis Investment Management Limited, Orbis Asset Management Limited
  (b) Address of Principal Business Office or, if none, Residence
34 Bermudiana Road, Hamilton, HM 11, Bermuda
  (c) Citizenship
The Reporting Persons are companies organized under the laws of Bermuda.
  (d) Title of Class of Securities
Common Stock
  (e) CUSIP Number
09578R103
 
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
  (a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c).
  (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
  (c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
  (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
  (e) [ ] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
  (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);
  (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);
  (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J).
 
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
  (a) Amount beneficially owned:  1,005,208
  (b) Percent of class: 5.81%
  (c) Number of shares as to which the person has:
    (i) Sole power to vote or to direct the vote  989,208
    (ii) Shared power to vote or to direct the vote  16,000
    (iii) Sole power to dispose or to direct the disposition of  1,005,208
    (iv) Shared power to dispose or to direct the disposition of  0
 
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.[ ].
 
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Other persons have the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of, the ordinary shares of Blue Nile, Inc. beneficially owned by Orbis Investment Management Limtied. Another person has the right to receive and the power to direct the receipt of dividends from, or the proceeds from the sale of, the ordinary shares of Blue Nile, Inc. beneficially owned by Orbis Asset Management Limited.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
Not applicable
Item 8. Identification and Classification of Members of the Group
Orbis Investment Management Limited ("OIML") and Orbis Asset Management Limited ("OAML") are together making this filing because they may be deemed to constitute a "group" for the purposes of Section 13(d)(3) of the Act. Information with respect to each of OIML and OAML (collectively, the "Reporting Persons") is given soley by each such Reporting Person and no Reporting Person has responsibility for the accuracy or completeness of information supplied by the other Reporting Person. OIML is the beneficial owner of 995,208 shares or 5.75% of the 17,298,988 common shares of BLUE NILE, INC. believed to be outstanding. OAML is the beneficial owner of 10,000 shares or 0.06% of the 17,298,988 common shares of BLUE NILE, INC. believed to be outstanding.
Item 9. Notice of Dissolution of Group
Not applicable
Item 10. Certification
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

February 16, 2006
Date
ORBIS INVESTMENT MANAGEMENT LIMITED, ORBIS ASSET MANAGEMENT LIMITED by
Signature
James J. Dorr, General Counsel and Secretary
Name/Title
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations
(See 18 U.S.C. 1001)
   
 
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