The National Retail Federation expects retail sales growth to return to pre-pandemic levels as consumers continue to face inflation.
Trial in Tiffany v. Costco Case Postponed
The trial phase in the ongoing legal battle between Tiffany & Co. and Costco over the warehouse club’s sale of rings falsely labeled as Tiffany has been pushed back until June.
New York-- The trial phase in the ongoing legal battle between Tiffany & Co. and Costco over the warehouse club’s sale of rings falsely labeled as Tiffany has been pushed back until June.
The trial, which will determine monetary damages in the case, originally was set to begin this past Monday (Jan. 11) but court documents show that the two parties remain at odds over exactly how many rings Costco sold as having a “Tiffany” setting.
Tiffany has argued, and the court has agreed, that it was about 2,500.
Costco has countered, however, that it was fewer, contending that some of those sales should be excluded because they lie outside the statute of limitations in the case, or were made after Costco quit putting “Tiffany” on its signage.
It is asking the court to reconsider its stance on the matter.
As the debate over Costco’s ring signage continues, court records shows that both Tiffany and Costco had asked the court to start the trial sometime after March 28.
In an order dated Jan. 7, U.S. District Judge Laura Taylor Swain stated that the court’s next available date after March 28 is June 13.
Tiffany filed suit against Costco on Valentine’s Day 2013, accusing the warehouse club of trademark infringement and trademark counterfeiting for selling rings in its stores labeled as having a Tiffany setting that weren’t made by Tiffany & Co.
Costco fired back with a counterclaim that contended the term “Tiffany setting” had become generic, and could be used to describe any setting with multiple slender prongs holding a single gemstone.
In September, Judge Swain ruled in Tiffany’s favor, granting the jeweler’s motions for summary judgement on claims of trademark infringement and trademark counterfeiting while simultaneously dismissing Costco’s generic claims.
Costco’s motion for an interim appeal in the case was denied in November.
The Latest

The 4-carat, old mine brilliant-cut diamond engagement ring was co-designed by Willis and New York City-based brand Karina Noel.

Rio Tinto unearthed the diamond at its Diavik mine in Canada’s Northwest Territories.

Bench jewelers spend years honing their skills, Jewelers of America’s Certification validates their talents.

The multisensory experience, open April 8-13, will feature the brand’s silver creations among dream-like scenes of natural landscapes.


The virtual event will take place April 7 at 3 p.m.

The pieces in “Animali Tarallo” portray animals from stingrays to elephants through portraits and interpretations of their patterns.

Natural diamonds mean more than lab-grown, but when every cut is ideal, they all look the same. Customers want more—Facets of Fire delivers.

Ronald Winston, son of Harry Winston, donated the diamonds to the Smithsonian National Museum of Natural History in Washington, D.C.

The educational event will take place in Charlotte, North Carolina, this May.

The independent jeweler first opened its doors in 1888.

The debut event will take place in Miami’s Coconut Grove neighborhood this fall.

The roundtable will take place May 17 ahead of the trade show’s welcome dinner.

The “Peanuts x Monica Rich Kosann” collection features the comic strip’s classic vocabulary across 10 bracelet designs.

Three industry experts dive into the complexities of the material often marketed as an “ethical” alternative for metal in jewelry.

Diamonds are not only one of the most prominent gemstones, but the birthstone for those born in April.

The Utah-based company known for making wedding bands has acquired Doubloon Golf.

The longtime luxury executive led one of LVMH’s watch brands, TAG Heuer, for 12 years before taking over Bulgari in 2013.

Authorities said the robbers fled with jewelry and 70 Rolex watches, later taking pictures of themselves posing with big stacks of cash.

Lotus Gemology founder Richard W. Hughes has translated Heinrich Fischer’s 1880 book “Nephrit und Jadeit” from its original German.

The ring's design features contrasting lines influenced by work from architecture-inspired photographer Nikola Olic.

The Conference Board’s index fell as consumers continued to worry about the impact of tariffs, the labor market, and the price of eggs.

However, two medieval jewels surpassed estimates at Noonans Mayfair’s recent jewelry auction in London.

The Oscar-nominated actor debuted in the campaign for the new “Top Time B31” collection, which introduced Breitling’s Caliber B31.

The Congress is scheduled to take place May 19-22 in Brasilia, Brazil.

The family-owned retailer is the new owner of Morrison Smith Jewelers in Charlotte, North Carolina.

The “150 Art Deco” collection features a Miss America timepiece and a pocket watch from the brand’s Archive Series.