Tiffany sues over engagement diamonds
A Tiffany & Co. subsidiary is suing Costco, claiming the wholesaleclub operator has been selling engagement rings wrongly labeled “Tiffany” rings.
The highend jeweler filed lawsuit in U.S. District Court in New York on Thursday.
Tiffany alleges trademark infringement, counterfeiting, unfair competition, injury to business reputation, false advertising and deceptive business practices. The company says the rings are not in fact Tiffany rings, nor are they in any way properly associated with Tiffany.
Costco’s chief legal officer, Joel Benoliel, declined to comment on the suit because it is pending litigation.
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