Reply to Does it have to be a diamond?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Has anyone bought an engagement ring from Costco? How does the quality compare to others? My understanding is that it comes with a GIA or IGI certificate for the diamond. I just don't really understand when they say "I" or better for the color. Why wouldn't it just state what the color really is?

I think I am looking for a diamond that is higher than "I" but I'm not totally sure. I have seen the internet flow charts for gradation of the color scale. Doesn't help me that much.[/quote]

The rumor is Costco diamonds are much nicer than the stated grading.  I think they use new or student gemologists, and they tend to be very conservative in how they apply the color, cut, etc. So, the listed attributes are the very minimum you receive.  They only real negative I can think of, is with sizing.  Most Costco rings can only be sized a certain amount.

look at Blue Nile to get an idea of pricing and compare to Costco.  [/quote]

I always understood that to be that GIA is GIA certification for the diamond so it's not in-house like say Tiffany's own gemologists. So how would the fact that they are new or student gemologists make a difference in grading quality or overall value of the diamond?

I need a size 4-4.5 ring which according to Costco sizing it doesn't seem like they sell much smaller than size 5 woman's.

I wish I knew of a cheaper place to get quality loose stones around the DC/MD/VA area. Any recommendations from someone who has actually dealt business with a local vendor? [/quote]

Not all of Costco's diamonds are GIA certified.  Only the higher priced diamonds come with an outside certification. [/quote]

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