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Tiffany Abandons 8 Year-Long Court Battle Against Costco

Both parties were said to have reached an “amicable resolve to their dispute"
TIFFANY ENGAGEMENT DIAMOND RINGS
Credit: Tiffany & Co.

After eight long years of legal battle, it’s finally over: Tiffany & Co. has dismissed its lawsuit against Costco over “its sale of generic solitaire diamond engagement rings bearing the jeweler’s name”, IDEX Online reports.

 

tiffany jewelry store tokyo
Credit: Iris Hortman

 

Last week, representatives of both parties told a judge at Manhattan District Court that they had agreed to dismiss the case. Costco lawyer David Bernstein commented that the companies “amicably resolved their dispute”.

 

Tiffany & Co. jewelry
Credit: Iris Hortman

 

In 2013, Tiffany was awarded $21 million in damages for “Costco’s willful trademark infringement and counterfeiting”. Costco said it was merely selling generic diamond solitaires with a Tiffany-style six-prong setting. Last August, a federal appeals court ruled in Costco’s favor, concluding “that customers were not likely to be confused by rings bearing the “Tiffany” name”.

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