CostCo Australia has today confirmed they have begun selling a giant diamond ring for just $499,999.99.
The 6.55 carat round diamond ring is now available at every warehouse in the country.
Speaking to Channel 9, Costco said "Costco is actually one of the largest sellers of diamond carats in the country,"
"A lot of people don’t think of jewellery when they think of Costco, but it’s definitely real."
The diamond comes with a VS1 ratings, which means the diamond carries ‘very small inclusions’ the can only be seen under a magnifying glass.
Social media user Jennifer Bechwati found the ring in Canberra and said it is ‘in the aisle between bulk AA batteries and dustpans.’
Costco has nine Australian locations across New South Wales, Victoria, ACT, Queensland and South Australia.