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 Las Vegas 2017

Monday, June 5 - Thursday, June 8, 2017

Learn More

My prediction is it will keep declining. They are not good...

My father gave me 3 large rocks of raw arizona turquoise. How would I...

I think this is great news. I'm so happy that the Silpada brand will...

You're obviously one of few, who truly made a killing with Silpada, I...

Well said Mr. Becker!