In the Market for a Million Dollar Diamond Ring? Try Costco

Costco diamond ring
Costco diamond ring

So you're planning to pop the question and you've set aside a cool million for your honey's diamond ring -- but you still want to get the most sparkle for your buck. Look no further than...Costco.

Yes, the warehouse club known for its bulk bargains on everything from toilet paper to T-bone steak is now selling a 6.77-carat diamond solitaire ring for $1,000,000 on Costco.com.

And despite the steep price, the ring is still a steal: It has been valued at $1,601,875 by the International Gemological Institute.