Costco has to pay even more now for selling fake Tiffany rings

Costco just got a real shiner today — the kind that hurts.

A New York jury walloped the discounter by ordering it to pay Tiffany & Co. a super-sized award of $13.75 million in damages — $5.5 million last week and an additional $8.25 million in punitive damages on Wednesday — for selling engagement rings with the Tiffany name in the display case.

Tiffany sued Costco more than three years ago claiming trademark infringement, accusing Costco of selling counterfeit goods.
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“We felt a responsibility to protect the value of our customers’ purchases and to ensure that Costco‘s customers were not [misled] about their purchases. It is critically important that the Tiffany name not be used to sell any engagement ring that is not its own,” Leigh M. Harlan, Tiffany senior vice president and general counsel, said in a statement.

Issaquah, Wash.-based Costco did not comment on the award because “the jury’s verdicts will be subject to further consideration by the Court,” the company said in a statement.

“Costco will no doubt appeal this decision,” said Emily Miao, a partner at Chicago-based law firm McDonnell Boehnen Hulbert & Berghoff. “It’s a substantial, sweeping award for Tiffany,” which has mostly defended its trademark against Chinese entities selling counterfeit goods, she added.

Tiffany and co Jewelery | Cheap Tiffany Jewelery Sale

Tiffany & Co. is one of those retailers that doesn’t need a Yelp review.
They operate in the rarefied air of elegance and the shopping experience is expected to be superior to most other shopping experiences.

I confess I’m not a regular shopper at Tiffany’s. That they have inventory that’s accessible to someone like myself is a very nice surprise. That they treated me like someone shopping for something ten times what I intended to spend, was a joy.

Raymond was our sales person. His relaxed, yet polished style is what will have me asking for him each time I return. I was able to get my Mom a necklace and they’re lengthening the chain and sending it off to her at no additional charge.

Again, I’m not someone who has ever shopped at Tiffany’s before…and because of this one experience, I won’t hesitate to return. In fact, I’m more likely to.