Can you return diamonds to Costco?

There are two ways to return your jewelry: Stop by any Costco location with your item including any IGI and/or GIA certificates provided with your order. It's important to note, Diamonds over 1.00 carat will receive a Jewelry Credit Memo upon return.

How long do I have to return a diamond ring to Costco?

You can return most items, including jewelry purchased at Costco, after 90 days for a full refund or exchange. Costco has a risk-free 100% satisfaction guarantee as per its return policy that doesn't set time limits on the acceptable return period for items purchased at the warehouse.

What items Cannot be returned to Costco?

Cigarettes and alcohol: Costco does not accept returns on cigarettes or alcohol where prohibited by law. Products with a limited useful life expectancy, such as tires and batteries, may be sold with a product-specific limited warranty.

Are diamonds at Costco worth it?

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 real?

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.

Things you can't return to Costco, even with a membership!

Are Costco diamonds from Tiffany?

But the appeals court said Costco acted in good faith, and that Costco customers were smart enough to realize Tiffany didn't make or endorse the warehouse chain's “Tiffany” rings.

How much does Costco markup their diamonds?

“I have a big bias that diamonds should be purchased at Costco,” says money expert Clark Howard. “The markup on diamonds is 14%, which is probably the lowest in the United States.”

Can you return a diamond ring to Costco?

You may return Jewelry purchased on Costco.com for a refund including all shipping and handling fees. There are two ways to return your jewelry: Stop by any Costco location with your item including any IGI and/or GIA certificates provided with your order.

How much should I spend on a 1 carat diamond?

On average, the retail price for one carat diamonds can be anywhere between $2,000 to $16,000, and between $8,000 to $72,000 for two carat diamonds . And of course, the retail price and the resale value of a diamond are very different things.

Do diamonds lose resale value?

Value at Resale

Diamonds typically lose between 25 and 50 per cent of their actual worth upon resale due to market fluctuations, the markup on your ring, and the decline in diamond prices. A portion is also taken out for insurance.

Does Costco accept returns on everything?

With few exceptions, Costco has a 100% satisfaction guarantee. Simply bring the product to any Costco warehouse and our Member Services Team will be happy to assist you*. It helps if you have the receipt or original product packaging, but it may not be necessary to process your return.

Can Costco ban you for returning items?

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 items is Costco banning?

What is diamond return policy?

For Diamond Jewellery – 90% of the invoice value excluding GST charges. For Gold Jewellery – 97% of the current value of gold, calculated based on current gold price. (Gold rate X Gold Wt). No making charges/ stamping charges/ design charges will be paid.

Can you return diamond jewelry?

Most jewelers accept returned, unworn engagement rings for 30 days from the date of purchase.

Who sued Costco for selling engagement rings?

Tiffany & Co sued Costco on Thursday to stop the largest U.S. warehouse club chain from selling what it called counterfeit diamond engagement rings bearing the luxury retailer's name.

What size diamond is considered big?

With the average-sized engagement ring being a 1-carat stone, it's safe to say anything larger can be considered big. Most people think diamonds are big when they start to reach 2-carats or bigger. However, rings of this size are less common. This is one of the reasons that most people feel 2-carats is a big diamond.

Is 1 carat or 2 carat diamond better?

If you look at the surface area, the 1 carat diamond engagement ring measures around 33mm² compared to more than 52mm² for the 2 carat diamond engagement ring. In other words, when flashing your ring, people will see 50% more diamond with the 2 carat diamond ring.

Is a 1 or 2 carat diamond better?

The difference between a 1 Carat and 2 Carat diamond is purely weight – 200 milligrams to be precise. It's important to remember that a diamond of greater Carat weight will not possess more brightness, colour, or clarity than a smaller diamond of the same quality.

Are Diamonds refundable?

For obvious reasons custom made jewellery is excluded from the return policy, however the quality of workmanship is guaranteed and the diamond component of the jewellery is included. When prices have been negotiated by the customer or their representative, the diamond cannot be returned or exchanged.

Can I return jewelry to Costco after 2 years?

Costco has a no-questions-asked return policy, which means you can return any jewelry at any time. As long as the item you bought at Costco was damaged or defective upon purchase, you can get a refund or exchange.

Can you return a ring if you dont like it?

If it's a Store-Bought Ring: Most good jewellery stores have a fair return policies on rings, as long as they're still in the original condition (so be really careful with it while you're figuring out if you want to keep it!).

Are Costco diamonds conflict free?

Diamonds that we offer for sale are procured from legitimate sources not involved in funding conflict and comply with the United Nations resolutions set forth by the Kimberly Process procedure.

Are lab created diamonds real?

Are Lab Diamonds Real? Oh yes. Lab Grown Diamonds are just as real as diamonds that are mined from the earth. They have shape, size, color and clarity grades, just like Natural Diamonds.

Are diamonds up in value right now?

In the wholesale market, diamonds are priced per unit of weight, referred to as "per carat." Updated Sunday, January 1, 2023, diamond prices moved LOWER by an average of 7.7% in December 2022. The average price per carat of all diamonds in our database was $11,460.76, down from $12,413.84 a month ago.