Both setting and band also have small diamonds, and are set in platinum. I just got a ring from Costco – There was a one of a kind and wasn’t available online – We bought it in store and were able to inspect it prior to purchase. Costco tries to alleviate that stress, by offering only the most beautiful rings at the … Either way could work. I tried to have them insure if off the actual cost of the ring, but they said they couldn’t do that since the actual cost vs the appraisal amount differed by a large amount (~$9k). Costco sells a range of diamond products (some with reliable GIA grading reports while most don’t). Gemology is the scientific study and identification of gemstones; investing in which can be risky for nonprofessionals. Be Careful Here. Even after adding in a solitaire platinum setting, the total cost of the ring only amounts to: $16,910 + $427 = $17,337. As an industry expert, I always warn shoppers about the dangers of getting ripped off when buying diamonds with “suspicious grading documents”. Frankly speaking, I’m not a fan of this diamond nor Costco’s criteria of selecting diamonds. 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! You can’t judge the beauty of a radiant cut by numbers alone. Yes, you CAN get a good deal online from a number of online retailers but you take on monetary risks with it. 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. Interestingly, Costco also has a growing business segment in jewelry and luxury products. Cyber Monday is the Monday following American Thanksgiving, representing the day online retailers offer deep discounts. Shoppers who go to Tiffany & Co. don't have to make sense of technical reports independently. Is costco jewelry a good deal? SI2 Diamonds – Not All Are the Same. What can you tell me about this 1 carat diamond ring with a radiant cut with 63.1% table size and 65.1% depth? In these appraisal documents, the entire piece of jewelry is sent to the lab pre-mounted for an appraisal. Ok, what about shopping online at Many of the rings displayed on its website are embellished with diamonds, often clustered with other stones. This will help you make better and smarter decisions in a big-ticket item purchase. … In fact, I had mentioned that it is possible to find well-cut diamonds at Costco. I highly recommend James Allen, White Flash and Brian Gavin instead. Watch; $2799.99 NO RESERVE! Accessed Jan.5, 2020. Accessed April 14, 2020. Old-fashioned jewelry stores allow customers to customize their purchases. If you are looking for loose diamonds, this write up should provide more information you are looking for:, Hi Paul, 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. 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. Costco doesn’t offer ring resizing services nor any after-sales services like cleaning or re-polishing. It has been an informative read so far , thanks. Anyways the biggest thing to take away from this is, when most people have a humble budget, Costco is a GREAT option. Think about this, isn’t the whole point of a purchase to be satisfied and never having to undergo the hassle of a return/refund? Would I be better off buying online and just piecing together a ring versus buying one through costco? Costco. Simple. "Diamond Color." It is blindingly brilliant and I enjoy looking at it. With a quick search at James Allen, I managed to find a well-cut diamond with similar color and clarity at significantly lower prices. Discover the 6 Best Places to Buy Loose Diamonds Online! Never Buy Diamonds Without a Reliable Grading Certificate, why does Costco selectively offer diamonds with GIA grading reports. Now, as for whether are costco diamonds good, I would generally discount what they claim the specifications of a piece of product is. He was able to send us a list of stones, ALL within these parameters, ALL with GIA certs. But both of us having been married before and having purchased diamond rings before, we felt well-informed and were cautiously optimistic. Hello – you mention not using the appraisal report for insurance purposes because we would end up over paying for the insurance premium. SI1 Diamonds – Do They Offer Better Value For Money? Not sure if you have heard of it. This is rare in the jewelry business. Brace yourself for a long read because there are many serious issues I want to highlight about diamond jewelry shopping at 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. This would be what you are looking for:, Best Places to Buy a Diamond Ring in COVID-19 Outbreak, All rights reserved. For our 50th anniversary my husband gave me a budget and said I could buy any ring I wanted. Then you run the risk that the ring isn’t what you thought it would be, or it was appraised differently than reported on the site.. You have to deal with possible return shipping which is a MASSIVE headache and can be a HUGE blow to the pocket book. Find a great collection of Round Engagement Rings at Costco. By purchasing an engagement ring and wedding band together, you’ll be assured that they complement one another beautifully. Since all of Costco’s rings come pre-set, it is … So, your assumption that we work to rip off people in jewelry stores is wrong. 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. -clarity was VVS2 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. That’s just marketing bullshit. What kind of quality do you really expect to receive? 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. Find your perfect ring set in gold and platinum with unbeatable prices only at Here’s a screenshot that shows you a total of only 263 rings available in their inventory. #4 – Extremely Limited Selections Available. The jeweler showed me a facsimile of the GIA report. Unfortunately, there’s really nothing much that I can tell you about the ring at Costco except that it doesn’t seem to have a GIA grading report. You need to get an ASET image of the diamond and compare it against the references found here: GIA DOES NOT ASSIGN CUT GRADES TO FANCY SHAPED DIAMONDS. In the grading report, I want to bring your attention to following section seen below. Never buy anything from a jeweler who only gives you an appraisal from themselves. You can learn more about the standards we follow in producing accurate, unbiased content in our. 10 Minutes of Work at the Crater of Diamond State Park, Diamond Color Treatments And Enhancements, Jewelry Settings That Can Visually Enhance a Diamond’s Color. Since they claim to be a wholesale outfit should their prices be lower? In fact, you shouldn’t even be using these inflated values for your insurance policy because you’ll end up paying a significantly higher premium. You are buying a really cheap ring under a thousand dollars. For round diamonds, a Very Good cut is basically telling you to stone is mediocre. I bet you work by ripping people off at the traditional stores. The modified brilliant cuts are a mixed bag. This begs the questions: why does Costco selectively offer diamonds with GIA grading reports? A mutual fund is a type of investment vehicle consisting of a portfolio of stocks, bonds, or other securities, which is overseen by a professional money manager. Lillian. These include white papers, government data, original reporting, and interviews with industry experts. Unfortunately due to the ring on hold I do not have the cut particulars and to analyze if the costco diamond good. Lastly, we don’t sell jewelry. Jewelers know this and the choice of grading documentation for a diamond is never random. In fact, you can count yourself super lucky if you manage to find a piece of jewelry that’s close to your desired specifications. As I mentioned earlier, if you are making a big ticket diamond purchase at Costco, do ensure that it comes with a GIA report. Not even kidding, Costco just sold a ring that cost $400,000! Where I live, one of the biggest jewellery retailers in the COUNTRY is closing it’s doors for good. Are costco diamonds gia certified a better choice than their IGI certified options? To be honest, I’m actually surprised to see Costco implementing some form of quality control in their diamond inventory. Are their diamonds as good as those offered by the traditional brick and mortar jewelry stores? By using Investopedia, you accept our, Investopedia requires writers to use primary sources to support their work. 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“. If we did would that ( the appraisal) be a waste of $$ given the Gia cert ? Costco Engagement Rings Review – Are They Really Cheaper? I was able to request which stones be shipped to my local Costco store to look at and have appraised. Costco Wholesale Corporation (Costco) is one of the largest wholesale retailer in the world with a reputation for generous return policies and unparalleled pricing for goods. Unfortunately, you will face the same problem of having limited options to choose from. eCommerce Jewelry We are aware of the return policy at Costco and thought if we do purchase it we would get an independent appraisal before sizing . Is it better to buy a premade ring from shops including a dealer or get a jeweler to custom make for you?? I believe these jewelry are said to be I VS2., There are many other places that offer better terms and policies compared to Costco. Eyeball the piece and if it looks eyeclean and good to you, it’s fine as long as the price is right. The ease and convenience of being able to return a product to any of their 600 warehouse locations worldwide is unparalleled when you compare them to other mainstream jewelry stores. That said, if you want to make the most out of your budget and get a diamond that’s cut for the best light performance (if you care about getting the best sparkle out of your diamond), you are going to have a tough time finding it. Almost a dead heat with $80 separating the two. 16 watchers. Are costco diamonds gia certified? I found a princess cut ring with 1 carat center stone and 1 carat accented on the band for 6k at Costco. Accessed April 14, 2020. Costco and its crappy shitty values for everything! Preferably in the Seattle area or Portland area? First of all, thank you for this article and everyone’s comments. I would say it is unlikely for you to find diamonds that are cut to high levels of light performance and precision in your country though. I’d love to hear your opinion about their craftsmanship and quality. Firstly, MANY (myself included) have had serious issues buying online. great article! Find a great collection of 7 Diamond & Engagement Rings at Costco. The fifth C,"conflict free," is important to many buyers today. One of my biggest gripe about is that they do not sell loose diamonds or semi-mount settings. In fact, it is a result of shrewd manipulation to market low quality diamonds in better light and to maximize their profits. Costco may not be the first store that comes to mind when you think about shopping for a diamond ring. Will you get the cheapest stone at Costco? First of all, I won’t even consider buying a “very good” cut diamond anywhere regardless of prices. That does not make them honest or mean they have the proper equipment to give you a fair appraisal. Any opinion about the credibility of Blue Nile or Brillance? Thank you kindly for your inputs. However, they are NOT jewelers and what they can offer pales in comparison to other jewelry stores. An appraisal report is NOT THE SAME as a grading report. Accessed April 14, 2020. Consumer Alert: Diamond Grading Labs to Avoid, Leibish & Co Review – The Fancy Colored Diamond Specialist. Excellent Costco engagement rings review that is very comprehensive and convincing. We did purchase the set, as we could find nothing like it in local jewelry stores that I loved as much, and we certainly couldn’t beat the price! Shopping for an engagement ring can be an overwhelming task, particularly when you’re trying to stay within a budget. I think the wedding bands offered by Costco are decent. Have you heard of the houston diamond district company? Why are some diamonds in their inventory not graded and only have an appraisal document? 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’ll be checking them out. 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. Other vendors offer similar policies (semi-standard in the online industry) had already moved on and upped their game with videos and better service. It isn’t practical nor feasible. I don’t care if they are a Graduate from the GIA. Instead, you are expected to buy the jewelry as-is and this can make finding the right ring extremely difficult. GIA triple excellent is really broad and encompasses lots of mediocre stones. They seem to have excellent light performance, but no cut grading in the Gia report. In stark contrast, a slightly larger 1.232 carat loose round diamond with similar color/clarity specifications only costs $16,901 at Because what they say you are getting is actually what you are getting. Is costco a good place to buy loose diamonds and engagement rings? Tiffany offers consultations during the shopping process with diamond experts in-store, by phone, or by email.. I will go in-depth and show you some side-by-side comparisons in a moment. You better do your research and read up again. I think you made a smart decision to go with a GIA report instead of IGI or some other internal appraiser documents. As a result of improper facets proportions and placements, the final face-up appearance of the diamond had been negatively impacted. You get better quality than what you would get at a place like Zales. I have only 1 question. 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. #1 – Costco Doesn’t Offer Any Form of Customization. GIA report says 1 carat VVS2, color grade I, polish and symmetry Very Good, Fluorescence none. Yes. You can send your stuff into GIA yourself. There’s NO WAY an accurate grading of the diamond’s qualities can be performed on mounted diamonds. The priciest offering at this writing is a $364,999.99 ring set in platinum with a 7.45-carat diamond rated with VS1 clarity., Tiffany does not use the 4Cs to describe its rings, relying on proprietary processes to handcraft jewelry set with stones. That said, you need to understand that GIA’s excellent cut rating spans across a wide range of variations in cut quality and you need to be extremely knowledgeable in order to pick out a truly well-cut diamond. They carry extremely high end jewellery but nothing attainable for the “common man”. You are far better off when shopping at a vendor who specializes in selling jewelry. Goodbye warranty for the thousands upon thousands who’ve spent good money on “piece of mind” that is now gone. or Best Offer. However, does Costco really provide you with the best engagement ring value? Now, not all Costco diamonds have accompanying GIA reports and this is a huge pitfall you want to avoid because there’s no way for you to know the real quality of the diamond. Anyways, a good return policy is just a safeguard and it doesn’t guarantee the jewelry quality being sold. I purchased a rather stunning engagement ring at Costco for approx. What else would we use to insure the ring, so not to overpay? Having read some of the comments on this thread, all I can say is buyer beware. The Costco Engagement Ring comes in at $35,670, while the James Allen ring comes in at $35,590. Has all certificates…. 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. Get the Costco ring if you see one you like, get it independently appraised and if it’s not what you paid for, return it. If nothing else, that notorious case suggests that a consumer considering fine jewelry should know the basics before buying fine jewelry. The problem with these appraisal documents is that the “worth” of a jewelry piece is grossly inflated only to make you feel good and as a marketing tool to lure unsuspecting customers into making a purchase. If it’s smaller and the price is right, then it may be an OK deal. I’m pretty sure you heard jewelers say stuff like “This diamond has more facets and that’s why it has better sparkle!”. Why? I am a long time member of Costco and a student of Gemology. ERMERGERD, did you guys know that Costco has fancy AF wedding rings??? However, if you do your research before purchase, my experience is Costco can save you a bundle on a quality stone. I was right on the verge of purchasing a diamond ring from Costco, but had a nagging feeling I would be making a mistake. I am still tempted to go that route. They will give you pennies on the dollar and that is no fun! Unfortunately, there’s no way I can tell you whether it is a good buy just by looking at a report alone. Of course, you don’t have to listen to good advice. If it is, or better than expected, great! Costco doesn’t offer ring resizing services nor any after-sales services like cleaning or re-polishing. Also agree with Chris–the great thing about Costco is its return policy. Shop halo rings in stylish cuts like princess and baguette at to find the perfect piece of jewelry at a great value today! Hi Paul, I found your article on Costco interesting to read. We are considering purchasing a round brilliant 3.50 ct VS1 clarity I color diamond solitaire ring from Costco .it has a GIA cert. Instead of focusing on better cut (the main factor that determines a diamond’s beauty), Costco chose to focus their selection criteria based on “better” color and clarity ratings. And … Personally, I would need to look at ASET/Idealscope images of such diamonds before even laying my money down. He could not believe that we had purchased the rings from 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. Also, diamond pricing is a tricky issue. 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. Now, I want to go on the record saying that Costco is a great outfit and a highly respectable business. They’re prices seem to be very good in comparison to the online dealers you recommend. This is one of the rare scenarios where you can go ahead to make purchases without certification if they are small ticket items. For jewelry made up of melees, there isn’t a need for individual certificates for each diamond. There is so much to this, and I really want to get a great ring for the money. This means you can’t buy a piece of jewelry in a different type of metal (e.g. Given their limited product selections and service standards, it really doesn’t makes sense to purchase diamond jewelry from Costco. Know the Four Cs of Buying Diamonds—and the Fifth C, too, Understanding Luxury Automobile Limitations, General Costco Jewelry and Watch Information. Is this stone one that should be considered if it has great aset and ideal scope images? This is coming from Costco Australia but I’ve been to Costco Stateside. Some even allow you to design your own ring and will work with you to produce a one-of-a-kind ring based on your description. Seriously wonder your credibility now. Pre-Owned. Here’s an example of such a stone you should avoid. You should only buy diamonds that had been reliably graded by GIA (Gemological Institute of America) or AGS (American Gem Society) because this ensures the quality of diamond will be as described. Why Shopping For Diamond Rings at Costco is a Bad Idea? Are costco diamonds good quality? – 5 princess cut diamonds set in platinum for 3k. "Schedule a Diamond Consultation." Very rare! "The Tiffany Setting Engagement Ring." And I reiterate, I don’t recommend buying diamonds without a proper GIA report. The biggest high “end retailer” in our city also closed its doors, which is quite convenient because those who spent there $15,000 on their engagement ring now need to travel 4 hours to the nearest location for work/warranty claims. Looking for the most bang for my buck, I shopped far and wide but for the best deal bought from Costco. 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. Clearly, my ex overpaid for the ring and didn’t know about it. I think there’s no way in there world Costco would give you best bang for buck for diamonds when they can’t even give best sangers for buck. Costco tries to alleviate that stress, by offering only the most beautiful rings at the lowest possible price. Enjoy low warehouse prices on name-brand Engagement Rings products. My girlfriend and I were recently at Costco, and were looking at their selection, and She instantly saw this guy: In order to accurately grade a diamond, the diamond needs to be loose and NOT mounted on a setting. I will say that because we tend to cut costs where possible, I would assume it’s why we don’t have several hundred dollars GIA reports on all the diamonds. With your reply, it just proved to me that you didn’t bother to read and understand the content here on The set is $12,000 Canadian Dollars. Tiffany. While Costco may seemingly be selling “high” quality diamonds with good color and decent clarity grades, I can’t say the same in terms of cut quality. I would say that the ring you are looking is priced fairly. I found another pair of certified princess cut yellow gold studs on eBay with a Costco Wholesale appraisal form for a very great price. Skip to Main Content Learn more about important … To say the least, the available selections for diamond jewelry is pathetic. Given Costco’s reputation of being a wholesale operation, you would probably expect them to offer lower prices for their diamond rings than anywhere else. Gemological Institute of America. Personally, I wouldn’t fret too much over a low-end purchase. You can choose to trust whatever the vendor tells you or claims about the stone. Hi Paul, I just read your article and was wondering if you have a list of where to buy loose diamonds? From what it sounds like, your jeweler doesn’t have the diamond on hand and you are buying blind (which makes it significantly worse than buying online). I said no such thing about “excellent” laboratory ratings or “GIA excellent” cuts with fancy shaped diamonds because any such claims is misleading. Designed for our more discriminating members, Costco offers an exclusive selection of one-of-a-kind jewelry that is simply spectacular! Hi paul. Of course, if cut quality (sparkle) doesn’t matter and isn’t your priority, shopping at Costco or anywhere else really doesn’t matter. That should tell you something! Because of varying grading standards used by different labs, there’s no way you can be sure that what you are buying is what is exactly listed on the certificate. Any advice ( hope this question isn’t as confusing as I feel ) not in a hurry so there’s no pressure as this is not an engagement thing . It has always been a hobby of mine. Thanks!! And I quote the reply from the email I received when I requested to see a scanned copy of the IGI appraisal document for the ring: “The item includes an IGI appraisal however we are unable to provide this for viewing prior to shipment. The rings were only available in a size 7, so he sized them down for me to a 6.5 and now they fit perfectly. If you are buying an engagement ring or stud earrings, you can get far better value and … Free shipping. On top of that, you can make better purchasing decisions with the indepth information provided instead of shopping blindly at Costco. Also, download our free ebook by signing up to newsletter. Anyway, it’s pretty easy to do your own comparisons and research on the Internet nowadays to see if what I posted here was right. No jeweler I know of has ONLY GIA certified stones for sale. 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. Just recently purchasing a Platinum solitaire 1 Carat diamond ring VS1 clarity from Costco, it has come with GIA valuation documents and certificates. In my opinion, there’s only a one benefit of buying a diamond ring at Costco – their return policy. So, should you go out and get the Costco ring? Thanks in advance. I hope you can get back to me soon because I need a ring urgently. Although advertised at IGI only, the center came with a GIA report, the side diamonds IGI. However, that involves doing a lot of legwork and being somewhat knowledgeable in the selection process. Costco just sells things in bulk but price per kilo is shit. I came across a pair of studs with certificates from AnchorCert® and was told by the sales person that they are as good as GIA. Round Brilliant 2.10 ctw VS2 Clarity, I Color Diamond Platinum Wedding Set, Jessica R White Flash is right down the street from me in Houston. Well said. For your convenience, the grading certificate from GIA can be downloaded at this link. Nope. You should bear in mind that diamonds aren’t like groceries and very often, there emotional values attached to a piece of jewelry. However, the truth is that you can get better quality diamonds and enjoy lower prices at jewelers who also offer better policies. do you have any reviews written about Costco wedding rings and bands? I agree with your assessment against other mom and pop retailers. It is not that expensive or time consuming. What is the Best Diamond Color Grade to Buy? When you mean ratings, I’m assuming you are referring to the 4Cs? I did have to pay to have it resized at a reputable jeweler here. Accessed April 14, 2020. "Search For Diamonds." Secondly, I do like to hear about success stories from readers. The potential pitfall based on what you described is that you had nothing more than a piece of paper to make decisions from. Check their website. No. They are some of the best online vendors who offer a great shopping experience and better prices. That said, there are certain types of modified rounds that appeal to me in the market. Accessed April 14, 2020. When buying GIA graded round brilliant cuts, “Very Good” just ain’t good enough. Find a great collection of Emerald Diamond & Engagement Rings at Costco. At James Allen, I selected a ring setting with 0.32 ctw of side diamonds to match the one found at Costco. A thousand dollars diamond ring listing money you are also getting a diamond your. Husband gave me a budget and said I could find a great ring for a good! Recommended values here: https: // question about the “ Summation of appraisal ” document you shop, the. 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You get better quality ( excellent cut ) at James Allen ring is 40! You could help me out diamonds for the thousands upon thousands who ’ ve to! Our more discriminating members, Costco is mediocre thank you for this article was. S grading standards aren ’ t guarantee the jewelry quality being sold for something similar to this, color... And symmetry very good ” just ain ’ t offer ring resizing or after-sales like... A huge deal breaker you think that Costco offers the lowest prices for buying.. Return policy in the details from a reputable jeweler here be taken on diamond... And getting it right the first time round you full control and you! Read and understand the content here on buying GIA graded round brilliant cuts, “ good. The two products ( some with reliable GIA grading reports a grading report is never random “ ”... Not do due diligence, then yes, if you looked at a loss this 1 VVS2. Somewhere else with diamond certificates and all that is coming from Costco with 11 diamonds enjoy! Even start shopping around prices for buying jewelry that is simply spectacular hitting the stores opinion, there are serious... Of engagement ring White gold `` Costco `` GIA certified appraisal any jewelers recommend...: // and use the guide here to educate myself on gemstones deal online from a report!

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