Is costco jewelry overpriced?

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Roslyn Zieme asked a question: Is costco jewelry overpriced?
Asked By: Roslyn Zieme
Date created: Fri, Mar 5, 2021 10:52 AM
Date updated: Wed, Jun 29, 2022 8:19 PM

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Top best answers to the question «Is costco jewelry overpriced»

When Costco sold diamonds alongside GIA certifications, items were reasonably priced, making it many people's go-to for diamonds and jewelry… It doesn't help that the latest jewelry prices come as a shock. Without the certificates backed by GIA, the value of Costco jewelry is significantly lower.

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Still, we believe that the company might be a little overpriced. Our price estimate for Costco stands at $130, which is more than 5% below the current market price.

At James Allen, I selected a ring setting with 0.32 ctw of side diamonds to match the one found at Costco. The James Allen ring is also made in 950 platinum and the total cost of the entire ring is: $8,970 + $1,125 = $10,095. In this particular example, the James Allen ring is roughly 40% less than the Costco ring.

Diamonds aren't a girl's best friend: Jewelry restorer goes undercover to 'prove' that Tiffany, Cartier and Harry Winston overcharge by 330% for 'identical' stones sold in Costco. Diamond expert ...

"Good Morning America" shopped at both ends of the spectrum, buying one diamond ring at Tiffany & Co. for $16,600 and one at Costco for $6,600.

While you might think a Tiffany's diamond is of a much higher quality than, say, a diamond you'd find at Costco, that might not be the case. According to Diamond expert Jacob Worth, the high end stores like Tiffany & Co, Cartier, and Harry Winston sell stones very similar to the generic kind and mark them up between 253 and 336 percent (via The Daily Mail ).

The most important lesson that investors can learn from Costco is that a great company can be a lousy investment, especially if it is overpriced. Amazon is also a great company, but it’s a terrible investment because it is grossly overpriced. My advice for Costco lovers is to wait until the share price falls back to Earth to buy.

As it turned out, the $16,600 Tiffany cut was valued at only $10,500, whereas the $6,600 Costco version was actually priced 17 percent under its appraised value of $8,000. As with any other name ...

The ring was priced at $8,000 but, surprise surprise, it was on sale for $3,499. We’ll talk about the whole charade of Macy’s sale prices in a bit. Lets first talk about the ring. The saleswoman was unable to give us any details about the diamond. She didn’t know how big the center diamond was, or any of the qualities.

6. Jewelry. Diamonds can cost between 50 and 200 percent more than their wholesale prices, so be prepared to drop a pretty penny at that jewelry store. If you can buy directly from a wholesale company, go for it.

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