Quote:
Originally Posted by jimjamuser
Assuming that a gold with diamonds ring is worth $12,000 today and it is undamaged 15 years from today, then in that future it would be worth $12,000 times whatever the inflation multiplier would be. So Costco could be buying back a ring NOW worth $100,000 for ONLY $12,000. So, they get a good sales pitch,, but it won't cost Costco anything.
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I totally disagree. I have never seen anyone sell a piece of jewelry for more than they paid for it at a retail store. If you buy jewelry at retail, the chance of ever getting your money back is slim to none.
Also, if you paid $12,000 for a ring and it is now worth $100,000, you would be foolish to return it to Costco. The Costco guaranteed return policy provides peace of mind that other jewelers don't even come close to matching.