And when we are talking about diamond rings worth thousands of dollars, any “potential savings” or “discounts” may easily run into the 4 figures range. You need to compare exact apples to apples: https://beyond4cs.com/diamond-prices/, Paul, I have been in the market for an engagement ring for some time now. "Diamond Information." Would there be more choices available? If this diamond managed to pass the standards of Costco’s in-house gemologist checks, this speaks a lot about their inspection process which they claim to be the “strictest quality standards in the industry in cut“. Hi Paul, I strongly encourage you to read through the in-depth sections on diamond properties and specifications at Beyond4cs.com before you even start shopping around. Carat, cut, clarity, and color are the four Cs that determine a diamond's value. If you live in another Country (since MOST reputable online retailers are in the U.S), you stand to fork out additional hundreds of dollars on taxes, duties and import fees which are never refundable. 2 years down the road, we split and went our separate ways. These include white papers, government data, original reporting, and interviews with industry experts. They carry extremely high end jewellery but nothing attainable for the “common man”. First of all, I don’t hate Costco. http://www.costco.com/Emerald-Cut-%2526-Round-Brilliant-1.39-ctw-VS2-Clarity%2c-I-Color-Diamond-18kt-Yellow-Gold-Wedding-Set.product.100074842.html, There are many other places that offer better terms and policies compared to Costco. If you want to cherry pick a decent diamond from Costco, you better go in fully educated and know exactly what you are doing if you are looking for quality. Not sure if you have heard of it. I’m from the UK and was shopping at Costco for a pair of diamond earrings. Costco does not offer cleaning or repairs for its jewelry. "Diamond and Engagement Rings." They seem to have excellent light performance, but no cut grading in the Gia report. Makes me wonder if you actually know what you are talking about? In addition, if your looking online, skip looking on there. Also, return policy is HUGE when making such a major purchase. Many big box stores like Costo sell diamond jewelry. However, that involves doing a lot of legwork and being somewhat knowledgeable in the selection process. I would trust what GIA and AGS says about a diamond and if you do intend to buy from Costco, stick with diamonds with GIA/AGS reports. Comparable rings anywhere else cost twice as much. I will go in-depth and show you some side-by-side comparisons in a moment. I was able to request which stones be shipped to my local Costco store to look at and have appraised. Thank you for your inquiry, the ring which you reference from COSTCO is what is known as a princess three stone trellis style engagement ring, the total weight of the ring is 2.00 carats, with the … Costco claims to sell diamonds with clarity ratings better than VS2 and I color. I am a long time member of Costco and a student of Gemology. I bought a round ring (1.43 ctw) platinum (950) (center piece was 1 ct) for roughly 7,000 USD. You probably think that Costco offers the lowest prices for buying jewelry. Should I source ring straight from Africa and get it made by a local jeweler? Last resort, they can communicate with the diamond buyers from what I understand. Since they claim to be a wholesale outfit should their prices be lower? This limited collection boasts extravagant rings, earrings, … Yes. This is rare in the jewelry business. One of my biggest gripe about Costco.com is that they do not sell loose diamonds or semi-mount settings. If you are looking for loose diamonds, this write up should provide more information you are looking for: https://beyond4cs.com/best-place-to-buy-engagement-ring/, Hi Paul, Credible information like the type of grading report for your ring (if your diamond didn’t come with a reliable report from GIA/AGS, you won’t know exactly what you are buying and most likely be overpaying), ring design, diamond details, images and etc… would be great and be a big help to other readers! Here’s a screenshot that shows you a total of only 263 rings available in their inventory. I’m trying to sell the ring now and that’s when I realized why it’s a foolish idea to buy any form of jewelry from Costco. Having read some of the comments on this thread, all I can say is buyer beware. While the love of your life is not likely to be sitting on a throne any time soon, that doesn’t mean you can’t treat her like the queen she is with a stunning oval-cut diamond engagement ring from Costco! When I bought my wife’s diamond from Costco I was able to email Costco’s diamond dealer and tell him exactly what my wife wanted. They seem to be more worth it than Costco’s offerings. Gemological Institute of America. Unlike a store like Tiffany, you cannot have a ring sized to fit, as they are pre-made items. Costco do sell diamonds that comes with “appraisals” and NOT GIA grading reports. Thanks for taking time to leave a comment. Enjoy low warehouse prices on name-brand Engagement Rings products. I had never heard of the Anchor Cert gemological lab before and if Costco is using them to certify their diamonds, I would be wary. Judge Swain ordered that Costco pay Tiffany $11.1 million plus interest — or three times Tiffany’s lost profits from Costco’s actions — plus an additional $8.25 million in punitive damages. Old-fashioned jewelry stores allow customers to customize their purchases. don’t be fooled by the nice looking figures, final face-up appearance of the diamond had been negatively impacted, Price Comparisons of Costco Rings Against Other Vendors, The Final Verdict In Our Costco Diamond Rings Review, doing things once and getting it right the first time round, in-depth sections on diamond properties and specifications, IGI’s grading standards aren’t on par with reputable labs like GIA or AGS, a wide range of variations in cut quality, My HK Travels And Places I Visited – A Well Deserved Break Away From Work And GIA’s Diploma Course. Secondly, I do like to hear about success stories from readers. Almost a dead heat with $80 separating the two. Hopefully, reputable ones also? It gives you full control and enables you to cherry pick your stone. Melees (small diamonds) aren’t graded because the cost to grade them is higher than their value and it doesn’t make economic sense to do so. In this particular example, the James Allen ring is roughly 40% less than the Costco ring. Thanks a bunch. I don’t care about the quality of the stones as long as they are visually colorless and sparkle. While such practices are common in high-end boutique stores like Tiffany & Cartier, I never expected a wholesale operation like Costco to be doing something similar. Why are some diamonds in their inventory not graded and only have an appraisal document? Newsroom Guidelines News Tips That seems like a total normal way to spend your … In the grading report, I want to bring your attention to following section seen below. In fact, I had mentioned that it is possible to find well-cut diamonds at Costco. The Costco jewelry in question is a pair of diamond engagement rings – a .70-carat ring priced at $3,199.99 and a 1-carat ring for $6,399.99. Buying based on the 4Cs or a grading report isn’t enough because there are details that can’t be glimpsed from it. SI1 Diamonds – Do They Offer Better Value For Money? Also, if the Additional Grading Information section indicates: Does that mean that the above number is indeed inscribed (laser) on the diamond girdle? You need to look out for grading reports for each diamond. The problem is, you are not most likely not making “comparable” comparisons. https://beyond4cs.com/where-to-buy-fancy-cuts/ https://beyond4cs.com/where-to-buy-fancy-cuts/. -color I. I checked Blue Nile to do a comparison and, after factoring in the band, Costco came out on top–easy. Gemology is the scientific study and identification of gemstones; investing in which can be risky for nonprofessionals. https://beyond4cs.com/where-to-buy-fancy-cuts/. Shouldn’t Blue Fluorescence Make Yellow Diamonds Green? It’s an elaborate scam designed to mislead customers that diamonds they sell are as good as those with a GIA report. Gemological Institute of America. The rating for these characteristics determines the quality of a diamond. The cut is a matter of personal taste, but the quality of the cut matters to its brilliance. Thank you kindly for your inputs. 23 watchers. In fact, I expected Costco to be selling diamonds in the lower tiers of color (J-K) and clarity quality (SI1-I1). My girlfriend and I were recently at Costco, and were looking at their selection, and She instantly saw this guy: http://www.costco.com/Emerald-Cut-%2526-Round-Brilliant-1.23-ctw-VS2-Clarity%2c-I-Color-Diamond-Platinum-Ring.product.100114386.html. I purchased a rather stunning engagement ring at Costco for approx. Looking at local retailers, national retailers, and even looking online, I really feel at a loss. FYI, the cost to grade a 0.50 carat diamond is only $64 which is almost equivalent of what you would expect to pay for an appraisal at another “unknown/unreliable” lab. Unfortunately, there’s no way I can tell you whether it is a good buy just by looking at a report alone. Read this section for details: https://beyond4cs.com/care-and-maintenance/insurance/. Anyways the biggest thing to take away from this is, when most people have a humble budget, Costco is a GREAT option. Plus, i was also interested with a pair of diamond earrings 0.23ctw 14kt white gold priced at $349. In my opinion, there’s only a one benefit of buying a diamond ring at Costco – their return policy. In stark contrast, a slightly larger 1.232 carat loose round diamond with similar color/clarity specifications only costs $16,901 at WhiteFlash.com. Consumer Alert: Diamond Grading Labs to Avoid, Leibish & Co Review – The Fancy Colored Diamond Specialist. You need to get an ASET image of the diamond and compare it against the references found here: https://beyond4cs.com/grading/aset-reference-charts/. The potential pitfall based on what you described is that you had nothing more than a piece of paper to make decisions from. “parrot” the details from a grading report. I did some research when my fiancee showed me a diamond and white gold wedding set from Costco’s flagship store in Kirkland, WA that he liked. Yes. There’s NO WAY an accurate grading of the diamond’s qualities can be performed on mounted diamonds. It’s a 2 carat D color VS2 cushion with proportions that fall under your recommended values here: https://beyond4cs.com/shapes/cushion/. If you like a stone in one ring but the setting of another, many jewelers will make a custom version for you. You should bear in mind that diamonds aren’t like groceries and very often, there emotional values attached to a piece of jewelry. When it comes to shopping at Costco, I believe that shoppers should stick to buying regular groceries like sausages and baby diapers instead of purchasing big ticket items like diamond jewelry. Pre-Owned. If you’re shopping for the perfect ring, don’t forget: A one-of-a-kind woman deserves a one-of-a-kind ring, and that’s just what you’ll get when you pick out an emerald-cut engagement ring from Costco. I’ve been searching other jewelers and they seem to be more expensive given Costco’s price for a 14kt white gold is only $789. "Search For Diamonds." That does not make them honest or mean they have the proper equipment to give you a fair appraisal. Get Email Offers. Would you like to share details about your purchase and how your Costco shopping experience with the rest of our readers? If it’s smaller and the price is right, then it may be an OK deal. You get better quality than what you would get at a place like Zales. Link here: I did a check and found that most of the diamonds under 1.00 carat do not have grading reports from GIA. Can you tell me what you think about this particular costco 2 carat diamond ring listing? Appreciate it ! Based on my experience, the sales personnel over the jewelry counter won’t be able to give you any indepth information about a purchase. However, does Costco really provide you with the best engagement ring value? Accessed Jan.5, 2020. If you are buying an engagement ring or stud earrings, you can get far better value and … So, What Kind Of Diamonds Can You Expect to Buy At Costco? "Diamond Color." Lillian. But the sparkly jewelry case often positioned near the wholesale club store entrance is enough to make many shoppers curious about the wisdom of buying fine jewelry there. Costco. Is this a good value for the ring or is there any other place you think that can beat this? Would I be better off buying online and just piecing together a ring versus buying one through costco? Are costco diamonds gia certified? Nope. Personally speaking, the lack of service is a huge deal breaker. Not sure if I value your opinion anymore. In fact, Costco doesn’t offer any form of customization for their diamond jewelry. Secondly, for estate sales, it is best to work with a reliable appraisal who can offer you a better idea of value as well as services to check out the current conditions of the piece. All that being said, if you don’t have a local jeweler you can trust to service your rings and appraise them for you, or you need a lot of assistance and advice in finding what you want, maybe Costco is not the best place to make such an important purchase. I just feel that there are many other places who can offer better prices and quality to the readers. Nice. But can people that are GIA certified grade their own diamonds? Costco. That said, the devil is always in the details. If this happens, you are expected to go through the hassle of sourcing for another jeweler after buying a Costco diamond ring, fork out extra cash to perform the re-sizing modifications and in the process, voiding any warranties. Today, that same ring is worn by Kate Middleton, wife of Prince William. Luckily, Costco has an excellent return policy and we know a local jeweler who we trust, so we were confident we could return the rings if the quality was not as advertised on the summation of appraisal document that Costco provided. https://beyond4cs.com/buying-diamonds-blind/, Follow the steps here: https://beyond4cs.com/step-by-step-guide/. To show you another example that Costco engagement rings are actually more expensive than other vendors we recommend, I did another comparison against a different vendor. -clarity was VVS2 Personally, I would need to look at ASET/Idealscope images of such diamonds before even laying my money down. https://beyond4cs.com/grading/aset-reference-charts/. Our jeweler was very impressed! Shoppers who go to Tiffany & Co. don't have to make sense of technical reports independently. Find your perfect ring set in gold and platinum with unbeatable prices only at Costco.co.uk. Costco doesn’t offer ring resizing services nor any after-sales services like cleaning or re-polishing. © Copyright 2021, Beyond4Cs.com. I found your article on Costco interesting to read. As I mentioned earlier, if you are making a big ticket diamond purchase at Costco, do ensure that it comes with a GIA report. I REPEAT. Investopedia uses cookies to provide you with a great user experience. What’s left? It seems to be cheaper than anywhere else I looked and it is certified by IGI. So yes, if you did not do due diligence, then yes, I would not recommend Costco. Simply browse Costco’s collection of stunning one-of- a-kind diamond rings in an array of styles and colors. You won’t be disappointed with the quality of your purchase. The link below is to the ring I am talking about. Just ask someone who has spent thousands and tried to make a return at a regular jewelry store. Available online … Clearly, my ex overpaid for the ring and didn’t know about it. Accessed April 14, 2020. This is one of the rare scenarios where you can go ahead to make purchases without certification if they are small ticket items. So, your assumption that we work to rip off people in jewelry stores is wrong. The GIA report number should be inscribed on the diamond and the jeweler should give you the original report during the purchase. Enter your email to receive email and other commercial electronic messages about the latest news, promotions, special offers and other information from Costco, regarding Costco… I’m a little confused. Did you notice the statement: Cut grade affected by brillianteering? Designed for our more discriminating members, Costco offers an exclusive selection of one-of-a-kind jewelry that is simply spectacular! Is it better to buy a premade ring from shops including a dealer or get a jeweler to custom make for you?? They turned out to be the VS2 and I color that Costco described, and he appraised them at $1700 more than we paid. I think you neglect to take a few things into account. No… And here’s why. Also, what’s the value add for the customer service to pull in online inventory from the stores? Never Buy Diamonds Without a Reliable Grading Certificate, why does Costco selectively offer diamonds with GIA grading reports. Costco Sells Customer a $600,000 Engagement Ring March 9, 2020 by Rob Bates It turns out there’s more action happening at Costco these days than fear-induced panic buying because of the coronavirus. This is really excellent information and write up for costco jewelry reviews! In these appraisal documents, the entire piece of jewelry is sent to the lab pre-mounted for an appraisal. It depends on the type of insurance coverage you intend to get. The lack of images for their online listings and lack of product knowledge of their sales people means you have to depend on yourself when choosing diamonds. I agree, the appraisal amount listed on my report was a lot higher than expected, however the insurance company requires it to insure the ring. – 5 princess cut diamonds set in platinum for 3k. Cheers! What the jeweler say about grading reports for small diamonds is true. Accessed April 14, 2020. I hope you don’t read the following statements the wrong way. In the event of a loss, you will NOT be compensated for the amount stated in the appraisal report and you will be shocked to find out that your jewelry isn’t worth as much as you think it is. I bet you work by ripping people off at the traditional stores. Accessed Jan.5, 2020. I believe these jewelry are said to be I VS2. https://beyond4cs.com/shapes/princess/ Skip to Main Content Learn more about important … It came with the GIA certification and was rated 1.01 ct. -cut , polish, symmetry are all labelled “excellent” The most expensive ring as of January 2021 is over $360,000 but there are much more affordable prices. It isn’t practical nor feasible. We are aware of the return policy at Costco and thought if we do purchase it we would get an independent appraisal before sizing . You better do your research and read up again. Eyeball the piece and if it looks eyeclean and good to you, it’s fine as long as the price is right. Hello – you mention not using the appraisal report for insurance purposes because we would end up over paying for the insurance premium. No one has asked me where my rings came from, and I wouldn’t be ashamed to say they were from Costco anyway! Costco sells a range of diamond products (some with reliable GIA grading reports while most don’t). In my opinion, Costco’s market positioning in the diamond industry is a little awkward and they please no one except shoppers who believe they are getting a “deal” when they actually aren’t. If you don’t like it, simply return it without hassle (you do have to wait a bit longer than usual as they must inspect the diamond). Engagement ring calculators attempt to help you decide how much to spend on an engagement ring by gathering information about your income, lifestyle and debt-to-asset ratio. In a recent case study, other experts in the industry also feel the same way and cite the importance of having a reliable grading report when buying diamonds. Today, pear-shaped diamonds are far more popular, though they’re one of the more uncommon engagement ring styles. We were already big Costco fans, since we live in Kirkland and know people who work there. On top of that, you can make better purchasing decisions with the indepth information provided instead of shopping blindly at Costco. Even they were awestruck with the ring I brought in – they thought it was one of theirs! Check their website. Also, diamond pricing is a tricky issue. Just came across your website as I continue to educate myself on gemstones. What I have found is a few places after doing further research that they have a “GIA certified gemologist.” Specifically one thats all over ebay called fascinating diamonds. If they are fancy shaped diamonds, there is no cut grade offered in the GIA certificate. Excellent Costco engagement rings review that is very comprehensive and convincing. I think the wedding bands offered by Costco are decent. However, Costco is nowhere near close to offering the best price for quality diamonds. Besides significantly lower prices, White Flash also offers better sales policies like ring upgrades and after-sales services. Enjoy low warehouse prices on name-brand Diamond & Engagement Rings products. Why are you such a hater, I bought a 5k dollar ring at costco and it’s beautiful , I went to Shane co , and even them said the quality of the diamond is outstanding, they said they didn’t have anything like it for the price I paid, so for you to come here with all your bullshit and telling people not to buy from costco is stupid. You are far better off when shopping at a vendor who specializes in selling jewelry. Cyber Monday is the Monday following American Thanksgiving, representing the day online retailers offer deep discounts. "Schedule a Diamond Consultation." LOL! Why Shopping For Diamond Rings at Costco is a Bad Idea? With a quick search at James Allen, I managed to find a well-cut diamond with similar color and clarity at significantly lower prices. Is this stone one that should be considered if it has great aset and ideal scope images? I work at Costco Wholesale in our Majors (electronics/jewelry) department. There are no grading reports for the diamonds but I was told that jewelers don’t grade diamonds below a certain size. I am looking at a 1.08 VS2 D Very good cut Tiffany Estate Sale ring, from a reputable jewlery store. great article! Anyways, a good return policy is just a safeguard and it doesn’t guarantee the jewelry quality being sold. Will you get the most expensive stone at Costco. I don’t recommend shopping there but if you must, make sure you bring along an ASET scope or an Idealscope to help you review diamonds at Costco for their cut quality. Has all certificates…. Brace yourself for a long read because there are many serious issues I want to highlight about diamond jewelry shopping at Costco. Discover the 6 Best Places to Buy Loose Diamonds Online! So I agree with you 100% Paul re. Are their diamonds as good as those offered by the traditional brick and mortar jewelry stores? Of course, you don’t have to listen to good advice. 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