$2.3 Million Pink Diamond at Costco

March 22, 2012 by Lila Delilah

Who said Costco is only good for over sized quantities of food and laundry detergent? Not us! Manhattan Costco shoppers have become accustomed to nicely discounted Chanel bags and the all gold Cartier Ballon Bleu, which is still looking for a good home.

Despite our high Costco expectations, we were a bit thrown by the $2.3 million pink diamond on sale at Costco.com. This 18.88ct round brilliant is flawless and has a faint pink tone. The estimated value of this gem is $3.3 million. Who knew Costco could save you $1 million?

Skeptical? So were we. A quick Google search turned up an article in the Jewelry News Network, which appears to speak of the same diamond. The post states that the diamond was up for auction, in Hong Kong, last spring with an estimated value of $3.2 million to $5 million.

Apparently, this rock was mined from the renowned Golconda mines. Other famous diamonds from this south-central Indian mind include the Darya-e Nur, at 185 carats it’s the largest and finest diamond of the crown jewels of Iran. Other well-known rocks believed to come from this mine are the Hope, Wittelsbach and Regent.

The lucky owner, of course, gets to name their new diamond. Don’t you think The Lila Delilah has a nice ring to it?


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