Costco Customer Pays over $600,000 for a 10-ct Solitaire

By John Jeffay / March 09, 2020 / www.idexonline.com / Article Link

(IDEX Online) - A shopper splashed out more than $600,000 on a diamond engagement ring at Costco.The company said it was a cushion-cut 10-carat solitaire, according to New York Daily News, but didn't give further details. Costco, the world's second largest retailer after Walmart, is better known for selling groceries and household items in bulk, rather than high-value jewelry.But it hit the headlines last June when it announced it had sold a $400,000 diamond ring. It said it was a a platinum ring set with a round brilliant of 10.03 carat, VS1 clarity, I-color.Richard Galanti, Costco's chief financial officer, highlighted the latest diamond sale during an earnings call on Friday.  He said: "We recently sold another high-value large-carat diamond for a little over $600,000."Costco's website lists a range of 354 diamond rings, priced from $250 for a round brilliant 0.08-ctw VS2 clarity, I-color 14kt white gold stackable diamond band, up to $364,999 for a round brilliant 7.45-ct VS1 clarity, F-color diamond platinum solitaire ring (pictured above, from Costco website).

Recent News

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com

Rise in gold stocks propels TSXV Mining

August 25, 2025 / www.canadianminingreport.com

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok