If You Purchased An Engagement Ring From Costco You May Want To Have It Appraised

· February 15, 2013

Many people choose to shop at Costco because they believe they are always getting the better of the deal but it turns out that may not be the case after all. The popular Tiffany & Company says that they have been misrepresented by the whole sale business claiming that the rings displayed are actually fakes that have like money been counterfeited to appear as real Tiffany rings.

The company was informed by a customer which led to launching an investigation of its own discovering that Costco had been selling these rings for a number of years and has decided to take the whole sale business to court alleging:

 trademark infringement, counterfeiting,claiming injury to business ,unfair competi*ion, injury to business reputation, false advertising and deceptive business practices. 

A representative from the company released a situation about the lawsuit:

“We now know that there are at least hundreds if not thousands of Costco members who think they bought a Tiffany engagement ring at Costco, which they didn’t,” Jeffrey Mitchell, Tiffany’s counsel in the case, said in a statement. “Costco knew what it was doing when it used the Tiffany trademark to sell rings that had nothing to do with Tiffany. This is not the kind of behavior people expect from a company like Costco, and this case will shed a much needed light on this outrageous behavior.”

For more details on this story you can continue reading here.

  • Mike Lowrey

    “I pitty the fool”who would buy I tiffany anything somewhere other than tiffany itself.

    • Mike Lowrey

      *-I*

  • MoorFedayeen

    Damn somebody hit a hella hard lic and they did it for years too making those rings. I agree 100% on Costco knowing full well what they were doing. They finna pay

  • crabapples

    tiffany has a racket going on for decades. their diamonds have blood all over them and they purposely limit the supply to drive up the value. the more conflict in Africa, the more children are murdered, the more money they make. wish the mainstream was exposed to the harm they do in the world. anyone who buys tiffany diamonds is contributing to the cycle of death.

    • 1luv

      The blood diamonds have been talk about for years. But still, some people just don’t care.

      • MoorFedayeen

        +100