Costco’s chief financial officer, Richard Galanti, said
“During the second quarter, we successfully launched both our Japan e-commerce site in December and our Australia e-commerce site this past month in February. And not to be outdone, we recently sold another high-value large-carat diamond for a little over $600,000,” he said, adding, “if anyone is interested, please give me a call.”
Costco has taken a big bite of the diamond jewelry market during the past 5 years…and is driving competitors out of business! Gone are the huge markups and mega hands that touch a diamond before going to the consumer.
