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Tiffany Sues Costco Over Fake Rings

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Cincinnatus:
Famed jeweler Tiffany and Company is suing warehouse store giant Costco, claiming it sold knockoff engagement rings falsely labeled as "Tiffany."
 
Tiffany alleged trademark infringement, counterfeiting, deceptive business practice, and false advertising. It's also suing for injury to business reputation, saying a customer informed them in November that she was "disappointed" that she saw Tiffany diamond engagement rings at a Costco store in Huntington Beach, Calif.
 
Costco, based in Issaquah, Wash., and Tiffany & Co., the holding company for principal subsidiary Tiffany and Company based in New York City, did not return requests seeking comment...

The lawsuit filed on Thursday provided alleged examples of products Costco touted as "Tiffany." These included an engagement ring alongside signage that read "Platinum Tiffany 0/72 VS2, 1 Round Diamond Ring" that was on sale for $3,199.99.
 
Another product was labeled "Platinum Tiffany VS2.1 1.00CT Round Brilliant Solitaire Ring," on sale for $6,399.99, according to the complaint.
 
"The Costco salesperson also referred to each of the rings as a 'Tiffany ring,' and said the store generally carries one of each item," according to the complaint. "Neither of the rings identified in the Huntington Beach store as 'Tiffany' was, in fact, a Tiffany ring, nor was it manufactured by, approved by, licensed by, or otherwise in any way properly associated with Tiffany."
http://news.yahoo.com/tiffany-sues-costco-over-fake-rings-144123593--abc-news-topstories.html

The first clue consumers had that something was amiss was the green ring left on fingers when the Costco rings were removed.

Oceander:

--- Quote ---The first clue consumers had that something was amiss was the green ring left on fingers when the Costco rings were removed.
--- End quote ---

:bigsilly:

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