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Tiffany and Costco Settle Trademark and Counterfeiting Case

Tiffany had claimed that Costco was touting rings as ‘Tiffany’ when they were not. 




Tiffany & Co. and Costco have settled a lawsuit in which Costco was accused of trademark infringement and counterfeiting.

The parties “amicably resolved their dispute,” Costco attorney David Bernstein said in a statement, according to Reuters.

Tiffany had claimed that Costco was touting rings as “Tiffany” when they were not. Costco defended itself by asserting that “Tiffany” is a generic term for a type of setting.

The litigation has been ongoing for eight years.

A federal appeals court in August threw out a ruling that Costco Wholesale Corp. must pay Tiffany & Co. $21 million.

Read more at Reuters




It’s Going to Set Us Up Very Nicely for Retirement

You’ve worked hard all your life. And if you’re like most jewelers contemplating retirement, you’re hoping that your going-out-of-business sale will add to your nest egg — with minimal complications. That’s exactly what Doug and Jacki Friedrich, fourth-generation owners of Friedrich Jewelers Inc., of Vernon, Conn., experienced when they selected Wilkerson to run their sale. “Jewelers who are contemplating a sale should go with Wilkerson because of their experience,” says Doug. And with financial goals “exceeding expectations,” the couple can now focus on enjoying the next chapter of their lives. “It’s going to set us up very nicely for retirement,” says Jacki. “The money’s coming in and we have no complaints. It’s been wonderful.”

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