You won’t be disappointed with the quality of your purchase. However, Costco is nowhere near close to offering the best price for quality diamonds. If you are buying an engagement ring or stud earrings, you can get far better value and service using a legitimate online retailer.
What is the markup on Costco jewelry?
How does Costco sell these at a discount to tony art galleries, premier wine dealers, and luxury jewelers? With millions of members and low overhead, that’s how. Costco only charges a 14%-15% markup just like any other item in the wholesaler’s inventory, including toilet paper.
Is it good to buy diamonds from Costco?
Buying Diamonds at Costco
At Costco, we base our strict standards for diamonds on those set by the renowned Gemological Institute of America (GIA). Each piece of jewelry is thoroughly scrutinized for diamond quality, as well as overall manufacturing and craftsmanship.
Can you negotiate jewelry prices at Costco?
They will give you a choice of diamonds, in the styles you want. You will always get better value for money from a craftsman. Costco only has what you see. “Bargain” jewelry can be purchased anywhere.
Does Costco sell real diamonds?
Costco offers our members high quality jewelry at an exceptional value. Our team of GIA Graduate Gemologists inspect every diamond to ensure it meets Costco’s strict quality standards. We only sell natural and untreated diamonds.
Can jewelry be returned to Costco?
Refunds made on jewelry purchased on Costco.com include all shipping and handling fees. There are two ways to return your jewelry item: Stop by any Costco location with your IGI and GIA reports (if shipped with the order), and return your item.
How much does Costco markup their diamonds?
“The markup on diamonds is 14%, which is probably the lowest in the United States.” In addition to some of the best prices and a great selection, Costco also offers an incredible return policy on jewelry that includes a full refund at any time with the diamond’s original paperwork.
Can you return a diamond ring to Costco?
Costco accepts returns on almost everything, no matter when it was purchased, with a few exceptions. … Diamonds: If your engagement doesn’t work out and you need to return your Costco diamond ring, you can do so. But if the stone’s over 1 carat you’ll need all your original paperwork.
Where is the cheapest place in the world to buy diamonds?
So, what is the cheapest country to buy diamonds? India is the cheapest followed up by China, Dubai, Thailand, and Belgium. They are the cheapest because most of the world’s diamonds are cut there. So you do not have to pay any markup due to shipping or retailer markup.
Are Tiffany diamonds worth it?
Overall, they grade similarly to other labs, in terms of giving a Carat Weight, Color, Clarity and Cut. The most important, for Tiffany, is the cut as they only sell diamonds with Excellent Cut Grades. This alone is part of the reason their diamonds are worth it.
What is the best place to buy jewelry?
From the minimalist to the luxurious, these are the 10 best places to buy jewelry online.
The 15 best places you can buy jewelry online
- Madewell. Our favorite piece: Chunky Medium Hoop Earrings—$24. …
- Nordstrom. …
- Mejuri. …
- Etsy. …
- Baublebar. …
- Studs. …
- Anthropologie. …
- & Other Stories.
Can you finance jewelry at Costco?
Costco does not finance jewlery. Retailers who are set up to specifically sell jewelry are able to offer financing for engagement rings.
Is Blue Nile legit?
Is Blue Nile legit? Despite its low prices, Blue Nile is a completely legitimate business. Blue Nile diamonds are GIA certified. The reason why their prices are so low is because they operate on lower margins and do not have expensive brick-and-mortar stores.
Where is the best place to buy diamonds online?
The 4 Best Online Diamond Retailers For Engagement Rings
- #1: James Allen – Seeing is Believing.
- #2: White Flash – Ideal Cut Diamonds And Designer Settings.
- #3: Brian Gavin Diamonds – Ideal Cut Diamonds And Designer Settings.
- #4: Blue Nile – World’s Largest Online Retailer.
- Conclusion: The Best Online Diamond Stores.
How much should I pay for engagement ring?
General Rule: You should spend at least 2 months salary on the engagement ring. If, for example, you are making $60,000 per year, you should spend $10,000 on the engagement ring.
Why are some diamond rings so cheap?
Bigger companies like Blue Nile don’t screen for quality (in fact, they often never see or have possession of the diamonds they sell since they act like the middleman) so they offer lower quality diamonds at cheaper prices.