Wheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
Costco Sells $600K Diamond Engagement Ring
The big-box store announced the six-figure sale during its recent earnings call.
New York—An anonymous shopper purchased a $600,000 diamond engagement ring from Costco at an undisclosed location.
Richard Galanti, the company’s chief financial officer, announced the sale during the retailer’s second-quarter earnings call.
The six-figure ring is a 10-carat cushion-cut solitaire, according to a Fox Business report, and a portion of the 247,000 carats sold by Costco annually.
A Costco spokesperson declined to comment further “out of respect for our members’ privacy.”
The big-box store has sold high-end, six-figure jewelry before, including a $400,000 ring purchased in 2019.
A search by CNBC around the time of the $400,00 sale pulled up one listing in that price range: a platinum solitaire ring set with a 10.03-carat round brilliant diamond with VS1 clarity and I color.
Costco sold $1.59 billion worth of watches and jewelry in 2018, taking the No. 4 spot on National Jeweler’s 2019 $100 Million Supersellers list.
Its jewelry is non-branded, but its watch offerings include Bulova, Citizen, Gucci and Seiko.
Overall, the retailer reported a 9 percent increase in same-store sales in its second quarter.
The Latest
PGI partnered with four new and seven returning designers for its annual platinum capsule collection.
Karina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
Meet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
The men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
Elvis Presley gifted this circa 1967 gold and diamond watch to Dodie Marshall, his co-star in “Easy Come, Easy Go.”
Concerns about rising prices, politics, and global conflicts continue to dampen consumer outlook.
May’s birthstone is beloved for its rich green hue and its versatility.
Jacqui Larsson joins Opsydia with nearly two decades of experience in the industry.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The “Tiffany Céleste” collection reimagines designer Jean Schlumberger’s interpretations of the universe.
Tim Schlick has been promoted from his previous position as COO.
It’s the second year for the event, slated to take place in October in Toronto.
Supplier Spotlight Sponsored by GIA
Sales will be paused while the relocation takes place over the next few months.
“SIS x MISA Denim and Diamonds” is a collaboration between the designer and celebrity stylist Misa Hylton.
The retailer is moving to a newly designed space in the same shopping center.
Gifts that are unique and thoughtful are top of mind this year, according to the annual survey.
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.