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Costco ordered to pay $8m for selling "Tiffany" rings

Michael Loney, New York

Tiffany has been awarded $8.25 million in punitive damages for Costco falsely identifying rings as “Tiffany” rings. This is in addition to $5.5 million in compensatory damages

A civil jury in the Southern District of New York has awarded jeweller Tiffany $8.25 million in punitive damages after ruling Costco sold rings falsely identified as “Tiffany” rings.

This follows the jury last week awarding $5.5 million in...

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