The Swiss government announced the deal, which cuts the tax on Swiss imports by more than half, on social media Friday morning.
Cartier, Van Cleef Accuse Florida Jeweler of Peddling Fakes
The Richemont-owned brands are suing King Jewelers for allegedly selling counterfeit versions of pieces from trademarked collections.

Miami—Cartier and Van Cleef & Arpels have filed a joint lawsuit against a Florida jeweler accusing it of selling counterfeit versions of rings, necklaces and earrings from trademarked collections.
According to court documents filed in federal court in Miami on May 6, a representative of the Richemont-owned brands visited King Jewelers’ Aventura, Florida store in November 2018 and saw the look-alikes on display.
Employees allegedly told the representative the pieces on display were “inspired by” Cartier and Van Cleef pieces, but not authentic. The employee then went on to state that the products were not featured in the store’s catalogues because they “don’t want to get in trouble.”
The lawsuit, which was filed against Scott King Inc. (d/b/a Florida Diamond Brokers and Kings Jewelers), accuses the store specifically of selling imitations of Van Cleef & Arpels’ “Alhambra” and “Perlée” collections and Cartier’s “Love” and “Juste un Clou” collections.
The pieces were engraved with the brands’ names and were being sold at prices similar to pieces manufactured by Cartier and Van Cleef, according to the suit.
The brands described King’s activity as “intentionally fraudulent, malicious, willful, and wanton.”
The retailer currently has two locations, the Aventura store and a store in Nashville, Tennessee.
In a statement to National Jeweler, King Jewelers Vice President Jonathan King characterized the accusations made by Cartier and Van Cleef as “outrageous” and inaccurate.
He said: “The allegations brought in the complaint include outrageous falsehoods, misrepresentations, and grave inaccuracies. We hope this matter will be resolved expeditiously."
Cartier and Van Cleef & Arpels are suing for the profit made from these pieces as well as statutory damages of up to $2 million per counterfeit collection and per jewelry category.
The brands also are asking that the store turn over its counterfeit pieces for destruction and retrieve any jewelry that was sent to retailers or sold to customers.
Fighting against fakes is challenging, but David Yurman recently took on counterfeiters and won.
The luxury jeweler was awarded $1.5 million after the U.S. District Court for the Southern District of New York ruled in the company’s favor against 31 defendants operating websites selling counterfeit jewelry.
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