Costco Customer Drops $600K on Diamond Engagement Ring

Johnny Lopez
March 08, 2020 - 9:00 am

Half a million dollar ring in aisle 5!

While you were shopping for bulk toilet paper and hand sanitizer, someone dropped over $600K on a diamond engagement ring at Costco.

The wholesale retailer revealed that a warehouse club member spent the small fortune on a cushion-cut 10-carat solitaire diamond at one of their undisclosed locations, reported Business Insider.

In addition to not disclosing where the blinged out transaction took place, the identity of the buyer has also not been made public.

The exorbitant purchase comes after another mysterious Costco shopper with deep pockets threw down $400K for a diamond ring last year. Who are these people?!

If you think it seems a bit odd that customers are splurging on these lavish items at the discount chain you should know that they currently have multiple pieces of jewelry for sale in the six-figure range.

There are six diamond engagement rings selling for over $100K with the most expensive being a 7.45 platinum solitaire ring, which is going for $364,999.99 plus tax.

But the piece de resistance is an 18kt white gold and diamond necklace, bedazzled with 65 diamond sparklers, and is available for a very reasonable $469,999.99.

“Costco makes purchasing the highest quality diamonds easy by offering only the industry's highest quality diamonds at the lowest possible price,” reads a notice on the company’s website.

“Our long-standing relationship with our suppliers guarantees we get the best selection at the best value.”

Even without the diamond sales, Costco business is booming as people have been raiding its aisle over coronavirus fears.

The members-only warehouse club has been inundated with long lines as shoppers stock up on food, supplies and other home products in response to the spread of COVID-19.

The company’s CFO has said sales have been up 12 percent from the previous year, attributing the increased earnings directly to coronavirus concerns.

While the Centers for Disease Control and Prevention informs that there is no need for Americans who are in good health to stock up on supplies, some state health departments have stressed the importance of making sure they have basic supplies at home in case of an emergency including antibiotics and medication.

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