You are here

Costco Selling $1 Million Diamond Ring

Costco Selling $1 Million Diamond Ring

Costco has raised eyebrows with its latest offering–a 6.77 ct., D IF solitaire ring in a platinum setting, selling for $1 million.

The ring is the highest value diamond item the discount retailer has been known to sell. Currently, only one is available, and it does not appear to have sold. 

The diamond comes with reports from both the Gemological Institute of America and International Gemological Institute. The IGI report lists the ring’s “estimated retail replacement value” as $1.6 million.

Costco could not be reached for comment at press time. However, a company executive told WalletPop Costco sells about “100,000 carats of diamonds a year.”

The company’s largest diamond ring sales can reach into the $200,000 to $300,000 price range, he added.

Don’t miss a story! Subscribe to JCK’s e-newsletter here.

Register For

JCK Tucson

Wednesday, Feb. 3 - Sunday, Feb. 7, 2016

Register Today!
Subscribe now to

JCK News Daily

Receive the latest news directly to your inbox

When consumers are trained to expect "special treatment" in the form...

Informative blog post, but i think i name is missing here which i use...

Thanks for your comment, Cay! Funny enough, Ringly and Chronos both...

such a bad idea, not romantic, what woman wants to pluck her...

Now THIS I'd love to try! It's perhaps the most promising wearable...