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Stage Group to Supply Jewelry to Costco Canada, Expanding into North America
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By Anya Sharma | TORONTO – 2025/06/24 09:42:54
Stage Group, a company specializing in the manufacturing of pure gold jewelry, has announced a contract with Costco headquarters in Canada to supply 24K pure gold and 18K alloy jewelry products. This agreement marks a significant step for Stage Group as it enters the North American market.
According to the agreement,Stage Group’s jewelry will be available in 109 Costco stores across Canada.
The company already has a presence in 20 Costco Korea stores,where it has demonstrated strong sales performance.Stage Group also operates 32 franchise stores nationwide under the brand ‘Korea Geum Market Exchange‘.
The deal with costco Canada was finalized after a thorough due diligence process and product verification by the local buyer.
Costco’s Global Presence and Jewelry Sales
Costco, headquartered in Kwahsi, Washington, USA, operates 905 stores in 14 countries globally.In 2023, costco’s sales reached $249.6 billion USD. The U.S. market is notably strong for high-priced jewelry, with an annual growth rate of 18%.
“The contract with Costco headquarters in Canada is a great way to demonstrate the quality and technology of K-jewelry to the global market beyond simply exports.”
Stage Group is also in discussions with Costco locations in the United States (624 stores), Japan (37 stores), and Australia (15 stores) to further expand its reach.
An official from Costco, Canada, noted that in 2024, sales of 24K pure gold reached $640 million USD.The entry of Stage Group is seen as a testament to the global competitiveness of the K-jewelry brand.
Future Plans for Stage Group
Stage Group intends to accelerate the development of designs and a local supply chain optimized for the North American market. The company also sells cosmetics, including essence and mask packs, through its stall jokosematics in Korea, and plans to expand these products as export items alongside its jewelry.
CEO Tae-ho Cho stated, “The contract with Costco headquarters in Canada is a great way to demonstrate the quality and technology of K-jewelry to the global market beyond simply exports.”
Stage Group has established formal contracts with HERAEUS, Metalor (Singapore), and ABC BULLION (Australia) to build a stable raw material procurement network. The company also leverages precision laser technology and numerous design patents to introduce differentiated high-quality jewelry products.
Frequently Asked Questions
What is 24K gold?
24K gold is pure gold, meaning it is indeed 99.9% gold. It is the softest and most expensive form of gold.
What is 18K gold?
18K gold is an alloy containing 75% gold mixed with other metals. It is more durable than 24K gold and is commonly used in jewelry.
Where is Costco headquarters located?
Costco headquarters is located in Kwahsi, Washington, USA.
How many Costco stores are there worldwide?
as of 2023,Costco operates 905 stores in 14 countries around the world.
What are Stage Group’s plans for the North American market?
Stage Group plans to develop designs and a local supply chain optimized for the North American market, and to expand the export of its cosmetics products alongside its jewelry.
