We'll help you get the best diamond for the money. Selling Your Diamond? The bottom line is that for the best mix of value and quality for diamond jewelry, we recommend purchasing from a dedicated diamond retailer. Those savings, while significant, are not as dramatic when comparing other brick and mortar retailers to online retailers. Tiffany & Co. and Costco counterfeit court case rolls on, US court overturns judgment in $29 million Tiffany & Co. counterfeit case, Tiffany & Cos lengthy Costco dispute reaches finish line, Tiffany & Co receives millions in Costco dispute. We periodically revisit our reviews and we secret shopped Costco at their Lynnwood WA location in May of 2022. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); This field is for validation purposes and should be left unchanged. Costco cannot compete in this category. Additionally, their inventory is small, compared to most dedicated jewelry stores. tw.). Given Costcos lack of diamond service, however, I think that drop is very significant. I went with a 0.70ct I VS2 round in a solitaire setting. In the past, when Costco sold their diamonds with GIA (Gemological Institute of America)certificates, they had legitimately very goodprices. In the process, weve come across several diamond engagement ring vendors, Heres what well cover in this article: How much does a 1 carat diamond ring cost?How large is a 1 carat diamond?Where should I buy a 1 carat, 2022 The Diamond Pro.+412-2501-7829Kernserstrasse 17 / Sarnen, Switzerland CH-6060, We are a team of diamond experts who will teach you to identify scams and avoid spending money on features you can't see. Even if you want to go with their grading (despite them no longer using GIA certification), you would still save 28% if you went with this 0.70ct I color VS2 Clarity Excellent cut from Blue Nile and paired it with this solitaire setting. While you can still buy good jewelry from them its advisable that you really know what youre looking for and you understand the fine points of jewelry shopping. ostco supports the Kimberley Process and is committed to offering conflict free diamonds. If youre after an engagement ring or diamond jewelry, we recommend searching instead at dedicated online retailers. This is a virtually identical ring, retailing for $2,740, a whopping 25% cheaper with sales tax included. Overall you dont go wrong purchasing a diamond at Costco but you have more variety and options, as well as superior service and value shopping online at a reputable retailer like James Allen or Blue Nile. As you will read below, the prices arent too hot either. But if youre browsing and you want useful advice from their staff its best to consult with some experts beforehand. Even if you look online, their options are limited. Costco Wholesale Corporation has built a fantastic business model of providing bulk items with razor thin margins. They have no service in the store and their selection is very poor. It was a classic four pronged platinum solitaire. Reve Diamonds Review Why Buy Your Engagement Ring at Reves? Period. He was very nice, but wasnt helpful (they are not trained jewelry professionals). In addition to this, they also offer a range of accessories, such as watches, sunglasses and jewelry organizers. Contrast their selection with the thousands of possibilities you can see at a jeweler. Additionally, you should never buy a diamond without a legitimate certificate (like GIA or AGS). Think youre a Diamond Pro and can save 25%? You wont be disappointed with the quality of your purchase. Yes, they do. We get commissions for purchases made from our affiliates through links in this article. Not only was the diamond lacking a GIA certificate, it didnt have any certificate at all. Buying a diamond is confusing. Tell us as much information as possible to help us help you (ie, budget, preferences, etc). The terms of the settlement have not been disclosed, however Reuters quotes David Bernstein, a legal representative for Costco, as saying the two companies amicably resolved their dispute. You can find several designs within each jewelry category. Costcos diamonds are all GIA-certified, which means that theyve met the stringent quality standards of the lab. While it was very nice, my friend (who joined me for the secret shopping and tried on the rings) was not overwhelmed by the style. To their credit, this was a well cut diamond (I cant give specifics as it was mounted already) and the clarity grade was fair. You dont have service for sizing, any sort of warranty, and there is a very limited selection of setting/diamond options. Media reports of a potential out-of-court settlement had been circulating since March, when Tiffany & Co. last filed a joint-status report in which it requested a jury trial. Learn More. In addition to that, youll also need to factor the quality of craftsmanship and the overall value of the piece. The international jewellery company first filed suit in early 2013 over a collection of six-prong diamond engagement rings sold by Costco with the descriptor Tiffany on the tags and in-store signage. Costco has fundamental drawbacks inherent to their business model. Buying through links on our site may earn us commissions. Whats more, the quality of images and the information provided by James Allen to help you purchase online is higher than that provided by Costco. That should be the one area a brick and mortar retailer should excel in, not fall behind. ), 2.5ct.RD in *Delicate* French Pav Diamond Engagement Ring in 14k Yellow Gold (1/4 ct. tw. Costco used to have a great reputation for jewelry as well. There is no reason for me to bother with a history of Costco the companys reputation precedes them. There are no knowledgeable staff members and no value added services. Yes, Costcos finished jewelry is offered in 14K and 18K gold, as well as platinum. For example, you can view the corresponding GIA certificate, get in instant touch with their customer service reps and diamond experts, and mix and match the diamonds and settings as you prefer. They also have a legendary return policy. (Click Here to save 25% off engagement ring settings), Kernserstrasse 17 / Sarnen, Switzerland CH-6060, Best Places to Buy Diamond Engagement Rings, Lab-Grown Diamond Prices & Value Analysis, How to Sell your Gold & Gold Jewelry for Cash, 0.70ct I color VS2 Clarity Excellent cut from Blue Nile, 1ct.RD in *Delicate* Petite Pave Diamond Setting in 18K YG, 1.21ct.RD in *Delicate* French Pav Diamond Engagement Ring in 14k Yellow Gold (1/4 ct. Costco says that their diamonds are sourced from legitimate sources not involved in funding conflicts. The one main drawback of shopping for jewelry from Costco is that they dont provide great service in their stores, as their staff doesnt comprise trained jewelry experts. Learn more about cut, color, and clarity in our useful guide on the 4cs. Overall, the ring I purchased was a nice choice, right in line with our recommendations (an eye-clean, well cut J color for a solitaire).<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}, Ringo Approved Eye Clean Diamonds Carat Weight 0.71Color JClarity SI2 Check Price Carat Weight 0.70Color JClarity SI1 Check Price Carat Weight 0.60Color JClarity SI2 Check Price. A 1-carat platinum solitaire ring with VS clarity was listed at $US6,399.99 a similar ring on the Tiffany & Co. website retails for $US14,000. | 2022 JEWELRYSHOPPINGGUIDE.COM ALL RIGHT RESERVED | PRIVACY POLICY. Choose the diamond that you like better. Before you buy a diamond, get personal buying advice from industry veterans. Is it the J color for $4,082 or the G color for $5,500? One free resizing within the first year of purchase, High quality images of about half of their diamonds, 100% credit towards future upgrades (must be at least double in value). I would recommend contacting us and well find you the best option regardless what you are looking for. The person working the TV section came over to open the cases for us. Now that they have relaxed their standards (yet still charge the same price), their value has dropped significantly. Costco diamonds are of good quality and offer reasonable value, but you will get better value at dedicated diamond retailers, such as James Allen or Blue Nile.. They only have about 7 different solitaire setting options for round diamonds. If you know what you want, and they do have it in Costco thats great. In fact, all Costco jewelry that has a diamond centerpiece 1.00 carat or bigger comes with a GIA (Gemological Institute of America) certificate. Following the settlement, Tiffany filed for a dismissal with prejudice, meaning it cannot bring the lawsuit again. All in all, Costco can be a surprisingly good option for jewelry. The diamond ring from James Allen is noticeably cheaper than the ring at Costco. The purchase will be verified before the return is processed. For that reason we wont do specific comparisons of the jewelry we saw to their competitors. Notably, Reuters also states that Tiffany & Co. which was acquired by French luxury conglomerate Mot Hennessy Louis Vuitton (LVMH) in January recently attained new legal representation. Is Costco a good place to buy an engagement ring? Are the diamonds at Costco of good quality? These are the stores pros and cons as we see them. Yes, Costcos gold jewelry is offered in 14K as well as 18K. For a major retail chain, their service is second to none. Take a look at this 2 carat diamond from James Allen and compare it, Weve visited and reviewed many diamond retailers, online and offline. There are lots of places to shop for jewelry today, whether youre looking for a one-of-a-kind engagement ring for your loved one or for an everyday set of earrings or bracelets. Their selection is very limited, but the diamonds they do have are excellent quality. Prices range from as low as $159 for a plain metal wedding band to $419,999 for a diamond solitaire ring. Free prong tightening, repolishing, rhodium plating and cleaning every 6 months, One free resizing within 60 days of purchase, Best-in-class high quality imagery of all diamonds in stock. Overall, Costco is a decent option if you know that they have the jewelry design youre looking for, and you dont need any additional professional consultation. While the jewelry at Costco is of good quality, you can find a better quality and service at dedicated retailers like James Allen.
The ring cost $3,503.99, including tax. For example, there are eight different categories of rings, including engagement, wedding, bridal sets, pearl rings, and gemstone rings. An estimated 3,349 customers purchased the Costco rings, netting Costco $US3.7 million in profits. If you are buying an engagement ring or stud earrings, you can get far better value and service using a legitimate online retailer. Take James Allens inspiration gallery, where you can look at endless diamond and ring setting combinations, for example. ENGAGEMENT RINGS, WEDDING RINGS AND WEDDING BAND, WHAT JEWELRY TO WEAR WITH YOUR WEDDING DRESS. This ensures the quality of the jewelry piece and mitigates the risk of buying a falsely overvalued item. From online stores, wholesale vendors, to universally recognized luxury vendors and general store chains, theres a wide range of shops to choose from when buying jewelry. CHECK OUT OUR JEWELRY COLLECTION TO FIND YOUR PERFECT PIECE! If you prefer some personal help in finding the right ring, feel free to contact us. Here we have a beautiful 0.70ct J VS1 from James Allen to go along with this platinum solitaire setting. The experience was comparable to our experiences below. We always recommend that our readers contact us for specific advice when buying a diamond from a local jeweler. You pick out the diamond the same way you pick out a shampoo bottle or one of their delicious cheesecakes. They both have similar specifications. Unfortunately, the quality of their jewelry has seemed to have slipped over the last few years. This goes to show that theyre targeting a wide market from budget shoppers to those looking for a higher end piece. It also contended that Costco had instructed its jewellery suppliers to copy Tiffany & Co. engagement ring designs. With their drop in quality/value paired with their lack of service and selection, you should not be buying diamond engagement rings from Costco. Costcos inventory includes rings, earrings, necklaces and bracelets. Ruby is the gemstone that is the most valuablegem on Earth andArtune Online Jewelry has a lovely birthstone collection of ruby earrings,bright and stunning pendant and more! Meanwhile, Costco claimed that the descriptor Tiffany referred to the six-prong setting of the rings and that Tiffany setting could be considered a generic term in the jewellery industry a claim that was upheld by the US Court of Appeals for the Second Circuit, which overturned a lower courts judgment in Tiffanys favour in August 2020. While you can do some research and due diligence on your own, there is no personal service at Costco. We are just trying to find similar diamonds so we compare apples to apples. If you are looking for help buying an engagement, contact us and we will make personal recommendations for you. We are reader-supported. When I started with this site, I would get emails from readers asking about Costco diamonds. Following an eight-year legal battle that reached the US Court of Appeals for the Second Circuit, Tiffany & Co has reached a confidential settlement with Costco over 'counterfeit' engagement rings. Two comparisons can be made here, one based on my grading (J VS2) and one based on their grading (I VS2). However, if youre still browsing and are looking for a larger catalog, there are dedicated jewelry stores with more impressive inventories and exclusive designs. Save 10% off Lab Created Diamonds during limited time sale! As Costco offers GIA certification for their diamonds, you can purchase a stone with the peace of mind that its worth the price youre paying for it. Learn More. While the quality of the purchase will be good, you wont be getting the best value for money for diamonds. You will be much better off buying your diamond from a top online dealer like James Allenor Blue Nile. All prices are in USD. No questions asked returns within 30 days of shipment. Speaking from experience, from the perspective of a supplier, I used to be impressed with their quality control. To contrast, James Allen has about 50 settings covering a vast array of ring styles (you can read our review of James Allen engagement rings) and Blue Nile has an eye-popping 66 different solitaire selections (here is our review of Blue Nile Engagement Rings). To illustrate this point, compare the following two rings. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); DISCLAIMER: We don't use your email for marketing. Blue Nile will send you a paid shipping label to return the ring. We were excited to check out their One-of-a-Kind collection, which promised to feature extravagant pieces made of high-quality materials. Please dont take our comparisons here as recommendations for what you should buy (though that is a great looking diamond). Powered by BigCommerce, Oval Drop Earrings Made with Red Siam Crystal, Red Ruby Halo CZ Clip-On Stud Wedding Earrings, Sterling Silver .925 Clear Cubic Zirconia and Pear Shaped Simulated Ruby Drop Earrings, Sterling Silver Cushion Cut Red Ruby Cubic Zirconia Stud Earrings, Sterling Silver .925 Marquis Cubic Zirconia Ruby Pear Clip Earrings, Sterling Silver .925 Marquise Sim Ruby with Pearl Drop Earrings. Is Costco a good place to buy diamonds or diamond jewelry? The ring we bought was a perfect example. The quality and craftsmanship is fantastic, but that leaves little room for individuality and personal tastes. If you were to contact us after looking at a diamond ring at Costco, you will invariably get better, more thorough advice from us and whichever online retailer we recommend. Tiffany & Co. argued that the rings constituted trademark infringement and counterfeiting, as it was possible customers were misled to believe that the rings were manufactured by Tiffany & Co. However, we found this collection to be rather small and not as unique as one might have hoped. They also offer a good range of gemstone jewelry. Costcos engagement rings are of reasonable quality, but it doesnt compare to the quality, value, range, and services you can find at dedicated retailers like James Allen. Please enter your email address to receive your personal one-time use unique coupon code for 25% off engagement rings: Diamond Engagement Ring Store Reviews Costco Diamonds and Jewelry Review. Afterwards, we were looking online and she was immediately drawn to a more delicate style like this 1.5mm comfort fit setting. Months after a $US21 million ($AU29 million) verdict against Costco was overturned, Tiffany & Co. has settled its eight-year lawsuit with the discount retail chain. Check Out Worthy (In-Depth Review). The craftsmanship and quality was on par with any company that I would entrust. Though the ring is nice, the value is just not there. Speaking personally, I love Costco. Its genuine gold. This is where you start to see cracks in the Costco experience. We were unable to get any decent information about the jewelry that wasnt printed on the display. Here is a stunning 3/4ct diamond from Blue Nile and a beautiful ring that cost almost 30% cheaper than the ring we found at Costco. And, as per their brand identity, Costcos jewelry prices are quite fair and affordable too.
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