'Tiffany Setting' Is Generic Term For Rings, Costco Says

Law360, New York (March 11, 2013, 1:31 PM EDT) -- Costco Wholesale Corp. fired back Friday at allegations that the discount bulk retailer sold unauthorized Tiffany & Co.-branded engagement rings at its outlets, claiming the “Tiffany setting” is a merely a generic term for a type of ring design.

The budget-friendly wholesaler not only denied the accusations of trademark infringement, but filed counterclaims to permanently bar Tiffany from asserting that it controls the name of the mount — a highly popular style of ring setting first created by Charles Tiffany in the late 19th century....
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