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Men Receive Life Sentences in Home Invasion Murder of Jeweler Carlos Jose Hernandez and Joshua Zuazo were sentenced to life without the possibility of parole in the 2024 murder of Hussein “Sam” Murray.
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Costco Sells $600K Diamond Engagement Ring
The big-box store announced the six-figure sale during its recent earnings call.
The retailer sold one shopper a $600,000 diamond engagement ring. (Image courtesy of Wikimedia Commons/Tony Webster)
New York—An anonymous shopper purchased a $600,000 diamond engagement ring from Costco at an undisclosed location.
Richard Galanti, the company’s chief financial officer, announced the sale during the retailer’s second-quarter earnings call.
The six-figure ring is a 10-carat cushion-cut solitaire, according to a Fox Business report, and a portion of the 247,000 carats sold by Costco annually.
A Costco spokesperson declined to comment further “out of respect for our members’ privacy.”
The big-box store has sold high-end, six-figure jewelry before, including a $400,000 ring purchased in 2019.
A search by CNBC around the time of the $400,00 sale pulled up one listing in that price range: a platinum solitaire ring set with a 10.03-carat round brilliant diamond with VS1 clarity and I color.
Costco sold $1.59 billion worth of watches and jewelry in 2018, taking the No. 4 spot on National Jeweler’s 2019 $100 Million Supersellers list.
Its jewelry is non-branded, but its watch offerings include Bulova, Citizen, Gucci and Seiko.
Overall, the retailer reported a 9 percent increase in same-store sales in its second quarter.
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