Tiffany sues Costco over sales of 'counterfeit' engagement rings2/15/2013
As expected of a company whose very name is synonymous with the sound of ringing cash registers, Tiffany & Co. has not taken kindly to Costco selling what Tiffany alleges are counterfeit diamond engagement rings using the Tiffany name. In their lawsuit against Costco, the luxury jeweller claims that hundreds, maybe thousands (recently engaged ladies out there might want to take a closer look at that sparkler), of customers have bought the engagement rings in question from Costco. Apparently a customer at Costco in Huntington Beach, Calif. complained to Tiffany about Costco selling what was advertised as Tiffany diamond engagement rings, sparking an investigation and the subsequent lawsuit. [Source]
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