Last week, a federal jury found in favor of the high-end jewelry brand Tiffany, concluding that Costco’s 2012 collection of “Tiffany” engagement rings was a trademark infringement, and wasn’t just the name of a popular diamond setting. The jury awarded $5.5 million in actual damages to Tiffany for the infringing ring sales, and has now awarded the jeweler $8.25 million in punitive damages for infringing on the brand’s copyright. [More]
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Jury Decides Costco Owes Tiffany $5.5M Over Alleged Copycat Rings
By 9.30.16
Since 2012, Costco and Tiffany have been fighting in court over the question of whether “Tiffany” describes a jewelry company and a prestigious brand, or a just a style of diamond solitaire ring. The case finally reached a jury this month, and the jury’s verdict is that Costco owes Tiffany $5.5 million in compensation, and an amount yet to be decided in punitive damages. [More]
Federal Judge Finds In Favor Of Tiffany In Costco Imitation Ring Case
By 9.8.15
After more than two and a half years of litigation, the dispute between Costco and Tiffany over what, exactly, “Tiffany” means in the context of diamond engagement rings is over. A federal judge found in favor of Tiffany, noting that Costco clearly had not acted in good faith when slapping the word “Tiffany” on their jewelry cases. [More]
