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- It appears that Tiffany did not do enough to protect its name. The law says that once a term is in common use it is not protected. Kleenex, for example, spent a fortune to keep competitors from using its name. It pushed the phrase “facial tissue” in order to preserve its trademarked brand, and was successful. Tiffany probably comes too late with its objections, as the term has been used in the jewelry industry for over 15 years. - Source: Internet
- Tiffany’s counsel argued that everyone knows how buying something on a street corner or from an unknown source is risky, but Costco customers were taken in because members expect authentic brand merchandise. Signage in the store identified these rings as Tiffany jewelry and the sales clerks called them Tiffany rings. The suit charged that hundreds, if not thousands, of buyers thought they were getting authentic Tiffany jewelry. At least one prominent legal firm is investigating the possibility of a class action suit against Costco on behalf of these customers. - Source: Internet
- TikTok, specifically, has become a treasure trove for hyping up fashion finds in the not-so-glamorous warehouses. The popular search term “Costco clothing finds” has just about 2 billion views. Meanwhile, several hashtags have millions of watches and counting: #costcofashion has more than 5.6 million, #costcocouture with 5 million plus and #costcoclothes upwards of 4 million. - Source: Internet
- For any high-value jewelry, insist on a detailed, descriptive appraisal, such as on JISO 78/79. This descriptive information is what you need to price a replacement. Especially important are the stampings/engravings of quality and trademarks, which today can easily be conveyed with a picture. - Source: Internet
- It’s a battle of giants. Both parties are respected international retailers. Although their popular images are miles apart—Tiffany a prestigious purveyor of luxury creations, Costco a warehouse seller of discounted high quality merchandise—the two stores are both jewelry giants. National Jeweler ranks Tiffany in 3rd place and Costco in 9th place as jewelry “supersellers.” - Source: Internet
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