Costco's diamond

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I bought some pieces from there. they are pretty and I am very happy with them.
Here is the bracelet that I bought online. 10.25ct, G/H, VS quality. very nice one. hope that help you to make your decision:)
CUTE BRACELET, 4LV!!
I always stop by the jewelry counter when I'm in Costco, but never bought anything. As long as you know what your C's and market prices, it is okay to buy from Costco I think.
 
I remember once seeing a television "investigative reporting" type show (can't remember the name) where they went undercover and purchased diamond jewelry from several different sources. An upscale jewelry store, a lower end store, a mall store, a street vendor and yes, Costco. After having it all anonymously appraised, the Costco diamonds turned out to be the best quality.
 
I was at Costco this past weekend and stopped by the jewelry section.
Saw a GIA certified 1.5 RB F & IF! Platinum setting. It was priced at 28999.99. First time seeing such high quality diamond there.
The "appraisal" was quoted as $51200, but not sure who the appraiser was.
 
That means its probably not what the "certifier" says it is.

I recently thought about this because a friend who just got engaged said her appraisal for insurance company says $30000 on it. Yet the ring was less than $15000. Why was appraised at that value?

Another question, are all GIA diamonds NONE conflict diamonds? I looked everywhere on line from lose diamond sellers but I couldn't find any info telling me those diamonds aren't conflict diamonds. I know Canadian diamonds are none conflict diamonds. One of the reason that I ended up with Tiffany was because all their diamonds (like Cartier) went through the none conflict diamond Kimberlry process....
 
GIA doesn't have much to do with that beyond the cases they're brought in to help identify origins of rough diamonds. Regrading old stones in the pipe, recutting of old stones, you can't ever REALLY know for sure, honestly. Other than Canadian-mined diamonds, there's sometimes no real way to prove a stone is non-conflict. The Kimberley Process keeps the vast majority out of the supply, 99+ percent, supposedly. But since it's up to each country's government to certify nothing was tampered with, you have to hope no one within those governments is corrupt and that each parcel and diamond is properly confirmed of that. I would like to think that since these countries depend on the money these exports generate, that they would not risk a single booboo in that process though, and that they keep their hands clean.

Regarding the comment on the appraisal::: who provided this "appraisal" valuation? The jeweler or a third party appraiser? Often the seller will provide an inflated value to make the buyer feel they got an incredible steal of a deal. What you want your appraisal valuation to show is what your ring would realistically cost to replace if you had to go elsewhere to do so. You would not likely need $30,000 to replace that ring, but maybe $20,000 since pricing varies and you have to sometimes deal with supply and pricing increases in the market.
 
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