Buzz60’s Elizabeth Keatinge tells us about a diamond ring sold at Costco for more than $400,000.
It seems like Costco’s famous free samples really worked their magic on one shopper who recently made a major six-figure purchase. During a recent conference call, Chief Financial Officer Richard Galanti shared that the wholesale company got a big boost in sales thanks to a “significant diamond ring purchase, in the $400,000 range,” Bloomberg reported. We like to imagine said shopper was originally going in for some paper towels.
Though specifics weren’t shared, Costco currently lists one ring on its site with such a high price point: the Round Brilliant Diamond Platinum Solitaire Ring, which boasts 10.03 carats, an I-color rock, and VS1 clarity. What does that all mean? It’s expensive — specifically $420,000, expensive. For scale, remember the massive engagement ring Marc Anthony gave Jennifer Lopez in 2004? That was 8.5 carats.