Are Costco Diamonds Canadian?

What is a Canadian Diamond? Canadian diamonds are diamonds mined in Canada, which may be cut and polished in Canada or another country. All Canadian diamonds sold at Costco come with a certificate of authenticity.

Are the diamonds sold at Costco of good quality?

Overall, Costco diamonds are of decent quality and offer great value, as long as they're GIA certified. You can find a ring for 50% less than at other big-name jewelry stores. But compared to online retailers, Costco cannot match their selections, customization, or service.

Are Costco diamonds from Tiffany?

A federal judge in 2017 ruled for Tiffany and awarded the company $19.3 million in damages, finding Costco had acted in bad faith by using the Tiffany name in display cases to sell its rings. But that decision was overturned last year and sent back to trial court for a jury to decide the trademark issue.

Does Costco sell high quality jewelry?

Their selection is very limited, but the diamonds they do have are excellent quality. Overall you don't 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.

What is the markup on Costco 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.

Are Diamonds From Costco Good Quality?

Does Costco negotiate on jewelry?

You're going to end up spending more than the ring should cost you while settling on something that isn't exactly what you want. Is Costco jewelry a good deal? The overwhelming general consensus is no. The decision is yours to make, but just know that Costco's selection is limited and the price far exceeds the value.

What is the markup on Tiffany diamonds?

Tiffany's markup for a solitaire engagement ring: more than 250 percent. Cartier's markup was over 275 percent while Van Cleef's was 314 percent and Harry Winston's clocked in around 336 percent. Most retail markups, according to business resources like Entrepreneur magazine are around 50 percent.

Can you return diamond 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. Find your nearest Costco here.

Can I return jewelry to Costco after 2 years?

Time to return jewelry: The best part of Costco's jewelry return policy is that there is no time limit to return a jewelry piece. Customers are allowed to return their jewelry without considering any time limit.

Is Blue Nile diamonds 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.

Does Costco sell fake 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.

Why did Tiffany's Sue Costco?

Tiffany initially sued Costco in a Valentines Day 2013 trademark infringement and counterfeiting lawsuit. The lawsuit charged that a consumer shopping in Costco's Huntington Beach, Calif., warehouse complained that "Costco was offering for sale what were promoted on in-store signs as Tiffany diamond engagement rings."

Who is suing Costco?

Plaintiffs Krystil Smith and Tyler Lobdell are Costco shareholders. They accused Costco's leaders of being addicted to cheap poultry — to the detriment of the company, the shareholders and the animals slaughtered in the name of the massively popular Kirkland Signature rotisserie chicken, which sells for $4.99 a bird.

Is VS2 diamond good?

Diamonds with a VS2 clarity grade offer you the best balance of beauty and affordability. We think they are the best diamond value. Buying a diamond that has a lower clarity grade but still no eye-visible inclusions will leave more money in your budget to buy a larger, more beautifully cut diamond.

Is Platinum better than gold?

Platinum is almost always more valuable than gold. It's a rarer metal, and platinum rings have higher densities and purities than gold rings. You also need more platinum to make a ring, so they often cost 40-50% more than gold. Platinum also has a sense of prestige.

Do all diamonds come with a certificate?

Not all diamonds come with certificates. So, just because a diamond does not have a certificate, does not mean that it is fake. On the other hand, a diamond certificate does prove that a diamond is natural!

Can Costco blacklist you?

So, if you're caught not-so-sneakily returning old, used products, you might find yourself on Costco's blacklist, which could include a lifetime ban from ever buying a Costco membership again. All returns are up to the discretion of the store manager, too.

What does Costco do with returned items?

Costco decides to use the returned products based on their conditions. The returned items are either disposed of, used for sale, sent to the liquidation zones. Some companies help Costco sell these returned products by improving their conditions or as it is.

Can you get ring sized at Costco?

4. Will Costco Resize My Ring? No, Costco does not provide any resizing services. However, most rings can easily be resized by a professional jeweler.

What clarity is best for a diamond?

The best diamond clarity is Flawless (FL). In essence, a Flawless diamond features no internal or external blemishes. Similarly, the Internally Flawless (IF) grade means the diamond has no internal flaws but might have external blemishes.

What is CTW diamond?

For instance, 1 CTW diamond ring means the total weight of diamonds in the ring will be 1 carat. If you have an engagement ring with a centerpiece diamond weighing 1 carat and side diamonds of 0.50 carats each, then the CTW will be 1 + 0.50 + 0.50 = 2 CTW.

How much do you spend on an engagement ring?

How Much Should an Engagement Ring Cost? A one carat engagement ring typically costs around $5,500, but most couples spend over $6,000—and 7 percent spend over $10,000.

How much profit do diamond dealers make?

By the time the wholesale broker sells the polished diamond to other wholesale brokers, his profit margin is 1 to 15 percent, or an average of 5 percent. If he sells to retail shops, profits are 10 to 30 percent, or about 20 percent on average.

How much does Blue Nile markup their diamonds?

Blue Nile adds on a standard markup (usually around 18%) and presents these diamonds to the web-surfing diamond consumer.

Why are diamonds cheaper in Dubai?

The biggest reason for the relatively low price of diamonds in Dubai is the lack of import duties or taxes. There are no import duties and very few taxes when it comes to jewelry items. Another factor that usually contributes to the cost of diamonds is the margin/markup of the sellers.