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Leanne J

Costco To Pay $19.4M To Tiffany & Co. For Selling Bogus ‘Tiffany’ Rings

Costco learned a very expensive lesson this week: A “Tiffany” ring is a specific product sold by a specific company; not just a generic name for any diamond engagement ring. Now the warehouse retailer must pay Tiffany & Company $19.4 million for marketing and selling “Tiffany” diamond rings that had nothing to do with the famed jewelry store. [More]