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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.

Pepsi Launches Engagement Ring Made with Diamond, Platinum and Crystal Pepsi (Video)
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Pepsi Launches Engagement Ring Made with Diamond, Platinum and Crystal Pepsi (Video)

Video: How to Make Huge Changes in Your Business
Jimmy Degroot

Video: How to Make Huge Changes in Your Business

Video: Chicago Estate Jeweler Edward Kahn, Holocaust Survivor, Dies at 103
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Video: Chicago Estate Jeweler Edward Kahn, Holocaust Survivor, Dies at 103

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 editor@instoremag.com.

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Pepsi Launches Engagement Ring Made with Diamond, Platinum and Crystal Pepsi (Video)

It’s worth about $3,000.

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Pepsi has released an engagement ring made that, while sporting a lab-grown diamond, is also infused with Crystal Pepsi.

The ring consists of a 1.53-carat diamond on a platinum band, AdWeek reports.

Pepsi fans can tweet their ideas for the perfect proposal for a chance to win the sparkler. In the official contest rules, Pepsi says the prize is an “IGI Laboratory Grown Diamond Crystal Pepsi engagement ring” with a value of about $3,000.

According to AdWeek, the diamond “was made by boiling down Pepsi’s clear beverage to its most basic carbon form, resulting in a powder.” The powder was incorporated in the diamond-growing process.

Entries must include the hashtags #PepsiProposal and #Contest, and the @Pepsi Twitter account must be tagged. They can include up to four photos and one video up to 30 seconds long.

A winner will be announed the week of March 16.

Pepsi created the promotion with VaynerMedia.

Watch Pepsi’s video about the ring:

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Video: Chicago Estate Jeweler Edward Kahn, Holocaust Survivor, Dies at 103

He operated the House of Kahn.

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Edward Kahn of estate jewelry company House of Kahn has died at age 103.

CBS Chicago reports that Kahn was one of the oldest Holocaust survivors.

He built House of Kahn, which has locations in Chicago and Palm Beach, FL, with his wife, Adele. Just six weeks ago he made public his plans to retire, with his daughter Tobina Kahn to take over the business.

Kahn came to the U.S. from Romania in 1951 with less than $100 in assets, having lost his parents and sister to the Holocaust.

Watch the video:

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Video: Jeweler Wins Fight for $500,000 Snow Promotion Claim

Customers will get refunds for jewelry they bought during the holidays.

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An Idaho jeweler that held a “snow promotion” will be refunding its customers for jewelry they bought during the holiday season, KREM-TV reports.

Clark’s Diamond Jewelers in Couer D’Alene, ID, wrote in a Facebook post Monday that it had “received notification from the insurance company that our policy has been officially accepted and the award will indeed be paid out!”

The store had promised that if it snowed 3 inches or more on Jan. 11, it would refund purchases made between Nov. 22 and Dec. 31. Those purchases amounted to about $500,000.

The claim had originally been denied. Weather Command, a verification firm that works with the jeweler’s insurer, at first said snowfall on the date in question had been less than the required amount.

The store had vowed to fight for approval, believing that snowfall had indeed exceeded 3 inches.

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