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Although jewelers say it is common to refer to a setting as a “Tiffany style,” Quinn, the patent attorney, says Costco is likely to have an expensive, uphill battle defending its use of “Tiffany” instead of “Tiffany-style.”
Given the high stakes, Tiffany will likely fight hard against Costco, Quinn said.“Costco’s answer seeks to muddy the waters, but one thing remains clear. The TIFFANY mark is a federally-registered incontestable trademark, has been continuously used for over 175 cheap tiffany jewelry years and enjoys worldwide fame and recognition as designating superior goods from Tiffany & Co., and particularly Tiffany & Co. diamond engagement jewelry,” the New York-based company said in a statement emailed to NBCNews.
Costco says the Tiffany-style solitaire ring – a diamond mounted onto a single band with six prongs, has become so mainstream that it has lost its trademark protection.
Although jewelers say it is common to refer to a setting as a “Tiffany style,” Quinn, the patent attorney, says Costco is likely to have an expensive, uphill battle defending its use of “Tiffany” instead of “Tiffany-style.”
Given the high stakes, Tiffany will likely fight hard against Costco, Quinn said.“Costco’s answer seeks to muddy the waters, but one thing remains clear. The TIFFANY mark is a federally-registered incontestable trademark, has been continuously used for over 175 cheap tiffany jewelry years and enjoys worldwide fame and recognition as designating superior goods from Tiffany & Co., and particularly Tiffany & Co. diamond engagement jewelry,” the New York-based company said in a statement emailed to NBCNews.
Costco says the Tiffany-style solitaire ring – a diamond mounted onto a single band with six prongs, has become so mainstream that it has lost its trademark protection.
Shares were up 5 percent to $80 in light premarket trading.tiffany Outlet
Tiffany & Co. Holiday Campaign | Source: Tiffany & Co.
NEW YORK, United States — Tiffany & Co on Friday reported a slightly higher profit for the quarter that included the holiday season and said net worldwide sales would rise 6 percent to 8 percent this fiscal year, with growth in all regions.
For the fourth quarter ended on Jan. 31, the upscale jeweler reported earnings of $179.6 million, or $1.40 per share, compared with $178.4 million, or $1.39 a share, a year earlier.
The company said it expected a profit of $3.43 to $3.53 per share this fiscal year.
h exporters are involved, will decline.”
—By: Yuki Yamaguchi in Tokyo and Vinicy Chan in Hong Kong; Editors: Kenneth Maxwell, Anjali Cordeiro
For Tiffany & Co., that classic robin-egg blue box and its solitaire sparkling diamond ring signal something quite specific, and the jeweler wants to make sure it stays that way.
When the Fifth Avenue luxury goods powerhouse filed a Valentine’s Day trademark lawsuit against Costco Wholesale, it probably didn’t expect the bulk-buy discounter to counter with its own charges.
Tiffany & Co. Holiday Campaign | Source: Tiffany & Co.
NEW YORK, United States — Tiffany & Co on Friday reported a slightly higher profit for the quarter that included the holiday season and said net worldwide sales would rise 6 percent to 8 percent this fiscal year, with growth in all regions.
For the fourth quarter ended on Jan. 31, the upscale jeweler reported earnings of $179.6 million, or $1.40 per share, compared with $178.4 million, or $1.39 a share, a year earlier.
The company said it expected a profit of $3.43 to $3.53 per share this fiscal year.
h exporters are involved, will decline.”
—By: Yuki Yamaguchi in Tokyo and Vinicy Chan in Hong Kong; Editors: Kenneth Maxwell, Anjali Cordeiro
For Tiffany & Co., that classic robin-egg blue box and its solitaire sparkling diamond ring signal something quite specific, and the jeweler wants to make sure it stays that way.
When the Fifth Avenue luxury goods powerhouse filed a Valentine’s Day trademark lawsuit against Costco Wholesale, it probably didn’t expect the bulk-buy discounter to counter with its own charges.