Costco Owes Tiffany More Than $19 Million, Judge Rules<br />The rings in question had a pronged setting that Costco said is “commonly known as a ‘Tiffany’ setting,” however, some<br />of the display cases simply described the rings as “Tiffany” instead of “Tiffany setting” or “Tiffany style.”<br />Judge Laura Taylor Swain ruled on Monday that Tiffany is entitled to $11.1 million as profits for trademark infringement, plus interest,<br />and $8.25 million in punitive damages, which was awarded by a jury in October.<br />A federal district court judge has ordered Costco to pay Tiffany more than $19 million<br />for selling generic diamond engagement rings that were marketed using Tiffany’s name.<br />Furthermore, the salespeople “were not perturbed when customers who then realized<br />that the rings were not actually manufactured by Tiffany expressed anger or upset,” Judge Swain wrote<br />Judge Swain also said Costco was permanently prohibited from using “Tiffany” as a stand-alone term when selling its products.
