If you had nearly a half-million dollars to drop on a ring, would you buy it at Costco?

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December 05, 2019, 04:37 AM

Micropterus

If you had nearly a half-million dollars to drop on a ring, would you buy it at Costco?

Just for yucks.

I had no idea that there were $419,000 rings in Costco's jewelry counter.

https://www.costco.com/round-b...oduct.100142632.html

Maybe it's worth every penny, but I suspect the kind of woman that would be gifted this ring would want to hear that it came from Tiffany's, not Costo.

_____________
"I enter a swamp as a sacred place—a sanctum sanctorum. There is the strength—the marrow of Nature." - Henry David Thoreau

December 05, 2019, 05:02 AM

BurtonRW

I saw an espresso machine on display in a Bed, Bath & Beyond a couple of years ago with a $10K price tag. Sure, it was one of those copper-plated European looking units and almost the size of a VW Beetle, but $10K at a BBB? Not where I would think of going for that kind of hardware.

It doesn't appear to be on their website now. Guess they didn't sell too many.

-Rob

I predict that there will be many suggestions and statements about the law made here, and some of them will be spectacularly wrong. - jhe888

A=A

December 05, 2019, 05:30 AM

SW_Sig

I saw a $9,999 bottle of Glenlivet in Pop’s! Wine and Spirits in Cumming Georgia last week.

December 05, 2019, 05:39 AM

kkina

Neiman Marcus once sold a Bell 430 helicopter for $6.7 million through one of their Christmas catalogs:

December 05, 2019, 05:48 AM

r0gue

quote:
Originally posted by kkina:
Neiman Marcus once sold a Bell 430 helicopter for $6.7 million through one of their Christmas catalogs:

Well, that WAS when Airwolf was on the air. I'll bet they sold a few.

December 05, 2019, 05:49 AM

DennisM

quote:
Originally posted by Micropterus:

Maybe it's worth every penny, but I suspect the kind of woman that would be gifted this ring would want to hear that it came from Tiffany's, not Costo.

I suppose if you're not REALLY sure about the whole thing, Costco's excellent return policy covers it?

December 05, 2019, 06:00 AM

kkina

The NM catalog similarly offered an authentic set of his and hers 2,000 year old Egyptian mummy cases for $6000. The cases got all the way to a receiving dock at one of their stores before someone discovered that one of the mummy cases still contained the original mummy.

After some fast paperwork shuffling, the items were finally acquired by the Rosicrucian Museum in San Jose, CA.

December 05, 2019, 06:05 AM

Dakor

quote:
Originally posted by Micropterus:
Just for yucks.

I had no idea that there were $419,000 rings in Costco's jewelry counter.

https://www.costco.com/round-b...oduct.100142632.html

Maybe it's worth every penny, but I suspect the kind of woman that would be gifted this ring would want to hear that it came from Tiffany's, not Costo.

Costco's picture in the link doesn't look like a 10-ct diamond. You would think Costco would at least try to provide as many photos as possible, including provision of the GIA certificate. Even for a store that low balls its operations, moving such an item will require some work.

December 05, 2019, 06:06 AM

bionic218

No, I'd call Dave Truong.

December 05, 2019, 07:28 AM

Beancooker

I’m sure the woman receiving a 10 carat diamond wouldn’t be overly concerned where it came from, and if her beau was buying it from Costco, he’s probably savvy enough to not overspend when unnecessary. So she’s probably used to that.

I would be willing to bet that it appraised for quite a bit more than Costco is selling it for.

quote:
_{Originally posted by sigmonkey:
I'd fly to Turks and Caicos with live ammo falling out of my pockets before getting within spitting distance of NJ with a firearm.}

December 05, 2019, 07:47 AM

daikyu

Same here. Any major jewelry purchase for the rest of my life goes through Dave.

I am not in the position I have been in the past but anything north of $500 goes through Dave.

quote:
Originally posted by bionic218:
No, I'd call Dave Truong.

December 05, 2019, 07:51 AM

divil

quote:
Originally posted by bionic218:
No, I'd call Dave Truong.

Agreed.

December 05, 2019, 07:56 AM

ChicagoSigMan

It's unlikely I'd buy a 10ct solitaire ring with a VS1 clarity and I color. Such a large stone featured in a setting like that needs to be higher quality. Lower grade diamonds are better for things like earring studs.

But if I were going to get something like that I'd call Dave or I'd go to 47th St. in NYC.

Diamonds are a commodity but each stone is also unique. I'd want to see the stone unset before buying and also inspect the GIA cert. Two stones with same 4C grades could look totally different.

December 05, 2019, 08:13 AM

rsbolo

Hey Dave, what could you do on a 10 carat diamond with those specs?

Seriously, could you share the largest stone you've sold? No need to mention price.

December 05, 2019, 08:14 AM

Rey HRH

I discovered that each Costco location customizes its offerings to the local market. I have 3 Costcos within easy drive. Yes, each has the same toilet paper. All three have the high end hard liquor. But only the one in the higher end location have a larger and more expensive inventory of wines. I also saw Rolexes there once a long long time ago.

Same for rings and jewelry. The other two had only kiosk large displays.

"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.

December 05, 2019, 08:26 AM

Sportshooter

Maybe, but only if it came with a Seal Team to protect her.

December 05, 2019, 08:38 AM

a1abdj

quote:
It's unlikely I'd buy a 10ct solitaire ring with a VS1 clarity and I color. Such a large stone featured in a setting like that needs to be higher quality. Lower grade diamonds are better for things like earring studs.

The larger the diamond, the rarer it is to not have flaws. If you've got $1,000,000+ there are some really nice 10 carats out there.

December 05, 2019, 11:14 AM

berto

Many of the stones at Costco are GIA certified and on par with what you’ll find elsewhere. A blue Tiffany box can easily be bought online. There’s no reason for her to ever see the box anyways. Who hands over a box as a proposal. I like playing around at Tiffany. Go to one of the private rooms and have the sales lady bring in 3 or 5 huge rocks and give me the loupe. I’d def buy at Costco or elsewhere, like from Dave, if I was in the market for a finger mortgage.

December 05, 2019, 11:15 AM

PASig

Didn't Costso get busted selling fake diamonds or something?

December 05, 2019, 11:16 AM

tatortodd

quote:
Originally posted by DennisM:
quote:
Originally posted by Micropterus:

Maybe it's worth every penny, but I suspect the kind of woman that would be gifted this ring would want to hear that it came from Tiffany's, not Costo.

I suppose if you're not REALLY sure about the whole thing, Costco's excellent return policy covers it?

That’s the kind of engagement ring you buy to soften the blow of the 2” thick prenup you’re about to hand her. Their return policy may come in handy...

Ego is the anesthesia that deadens the pain of stupidity

DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer.