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Judge: Costco Must Pay Tiffany $19.4M For Knock-Off Ring Ads

Costco's former Hackensack location.
Costco's former Hackensack location. Photo Credit: Cecilia Levine

A judge has ordered Costco to pay Tiffany at least $19.4 million for allegedly advertising knock-off rings that rivaled those of luxury jeweler's, USA Today reports.

Costco, with locations in Teterboro, Hackensack and Clifton, must make up for the "years-long" advertising practices that said "'Tiffany' without modifiers," the article says.

The wholesale corporation owes Tiffany $11.1 million, which is reportedly three times what Costco profited off of ring sales, according to USA Today.

CLICK HERE FOR THE FULL USA TODAY STORY.

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