Headlines

Feds Seize Nearly $1.4M in Counterfeit Jewelry

Published

6 years ago

March 14, 2018

INSTORE Staff

A parcel contained 269 bogus pieces.

Federal authorities in Philadelphia seized 269 pieces of designer-brand jewelry from Hong Kong, merchandise that would have had a retail value of nearly $1.4 million if authentic.

The parcel contained necklaces, bracelets, earrings, and diamond pendants bearing the names Cartier, Chanel, Bvlgari, and Tous, according to a press release. INSTORE CounterfeitJewelry

Officers seized 269 pieces of counterfeit jewelry.

Analysis showed the jewelry to be counterfeit. It was bound for a Philadelphia address.

“Intellectual property rights enforcement is a Customs and Border Protection priority trade issue,” said Edward Moriarty, CBP acting port director for the Area Port of Philadelphia. “CBP remains committed to working with our consumer health and safety partners and seizing counterfeit and substandard merchandise at our nation’s borders, especially those products that pose potential harm to American consumers, workers, and businesses.”

This is Philadelphia CBP’s second significant counterfeit case in a month. On Feb. 28, CBP officers seized $233,000 in counterfeit designer-brand watches from Hong Kong.

Related Topics: counterfeit jewelry crime

click to Comment(Comment)

Up Next

Signet Plans to Close 200 Stores

Don't Miss

910-Carat Diamond Sells for $40M

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”