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Costco Sells $400,000 Ring

Costco’s website lists nearly 500 rings for sale — but only one in this price range.

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Costco reports that it sold a $400,000 ring in its most recent quarter as revenue climbed 7.4% to $34.74 billion.

The retailer didn’t specify which ring it was, CNBC reports.

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The only ring on its website in that price range is described as a “Round Brilliant 10.03 carat VS1 Clarity, I Color Diamond Platinum Solitaire Ring.”

Costco’s website lists nearly 500 rings for sale.

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Apart from the highest-dollar piece, several other rings are priced at more than $50,000.

Costco has been pushing its bridal business for several years, selling products ranging from rings to invitations to cakes.

Read more at the CNBC

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

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