Hi,CavemanJ wrote: ↑ Hi DiamondShopper,
Would you recommend shopping for a diamond from Costco? From the reviews, it seems that the appraisal values for these diamonds are often times higher than what the buyers paid for.
In particular, would you recommend buying the following diamond ring?
https://www.costco.ca/three-stone-round ... 58556.html
Good question, I personally buy almost every thing that I can at costco as they have amazing prices. With jewelry Im fortunate to know exactly what things cost so the best advice I can give with Costco jewelry is that their lower cost items can some times be
really great value. Ive seen some mens bands and cheaper (sub $1000) ladies rings that are priced at barely over what it would cost me to manufacturer them. This isnt the case with more expensive items, im not sure why, but as the price goes up the value really starts to deteriorate. If I had to guess I would say that Costco cant exercise as much buying power in this space to reduce their pricing like with many other items, and the fact that there are bit carrying costs to stocking inventory make it hard for them to keep competitive.
The ring that you linked to would be decent value compared to a brick and mortar store but easily a few thousand dollars more than I would say would be competitive. Also what I dont like is that Costco switched to IGI graded diamonds which IMO have
less accuracy in grading than GIA, especially in more arbitrary aspects like diamond cut and some times color and clarity.
Hope that is helpful