Luxury jeweller Tiffany has filed a multi-million dollar lawsuit
against Costco - for selling what it claims to be bargain-priced
imitation engagement rings bearing the iconic name.
The suit was filed in the United States District Court in Manhattan,
claiming Costco violated counterfeiting laws by selling the fake
Tiffany is seeking to establish the exact number of counterfeit
rings Costco sold and the source of the jewellery and damages,
according to the Wall Street Journal.
One of the rings was determined counterfeit as the stone lacked the
microscopic laser inscription Tiffany uses to sign its diamonds.
According to the lawsuit Costco had been selling the counterfeit
rings for ‘many years’.
‘When we discovered it was not a one-time rogue event at one store,
we knew we had a big problem that had to be dealt with,’ Tiffany’s
lawyer, Jeffrey Mitchell told the Wall Street Journal.
Some questions I have
How did Tiffany find out the rings were fake?
Why would Tiffany sell to Costco?
If Tiffany sold to Costco what does that say about high end
How long did it take Tiffany to work out that Costco was selling
Will this bring a class action lawsuit by purchasers?
Was it made in China as is so much fake Tiffany jewellery?
Why do people knowingly buy fake name brands?
Don’t they know it is crap and will not wear like the original?