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Nehal Modi LI 150
Nirav Modi’s Brother Indicted in Diamond Fraud
Indian dealer Nehal Modi was charged Friday with grand larceny for allegedly stealing $1.4 million in diamonds from a New York wholesaler in a multipart scam.In March 2015, Modi — the brother of infamous Indian jeweler...
Financial-Legal Dec 20, 2020 Rapaport News
Tiffany flagship 150
Appeals Court Backs Costco in $21M Tiffany Case
A US court overturned a $21 million judgment previously awarded to Tiffany & Co. in its ongoing case against Costco Wholesale Corporation over use of the jeweler’s name to describe generic engagement rings.A lower-court judge erred in finding...
Retail Aug 18, 2020 Rapaport News
Costco Sells $220,000 Diamond Ring
Costco sold a diamond ring worth $220,000 in the fourth fiscal quarter, the membership-based warehouse retailer saidearlier this month. Executivevice president and chief financial officer Richard Galanti confirmed thesale during the company’s...
Retail Oct 16, 2019 Rapaport News
Jean Z. Poe 150
Why You Should Discount Discounting
It used to be that price was determined by supply anddemand. That’s no longer the case; price is now used as a marketing tool todrive sales. In a world dominated by the likes of Amazon and Zara, today’sconsumer is motivated by low prices and...
Retail Jul 16, 2018 Jean Z. Poh
Diamonds for Fantasy story 150
Unique Designs to Buy Modi Company Inventory
Jewelry manufacturer Unique Designs is the top contender to buy the assets of Nirav Modi subsidiary Fantasy, pending final bids in the auction of the company. Unique Designs has offered $725,983 in cash, according to a motion filed...
Retail Jul 15, 2018 Rapaport News
Nirav Modi store
What We Know About Nirav Modi’s US Companies
The $2 billion fraud allegations against Indian jewelrytycoon Nirav Modi and Gitanjali Gems chief Mehul Choksi have shocked theindustry, as well as raising questions about the wider impact on the trade.One of the first casualties...
Financial-Legal Mar 07, 2018 Joshua Freedman
Tiffany Blue Box
Judge Tells Costco to Pay Tiffany $19M
Costco Wholesale Corporation must pay Tiffany & Co. atleast $19.35 million in damages after selling counterfeit diamond rings bearingthe iconic jeweler’s name, a US federal judge ordered last week.US District Judge Laura Taylor...
Retail Aug 20, 2017 Rapaport News
tiffany small
Court Tells Costco to Pay $13.75M to Tiffany
Costco Wholesale was ordered to pay $13.75 million to Tiffany & Co. after selling counterfeit diamond engagement rings bearing the jeweler's name.A Manhattan jury awarded Tiffany $5.5 million in compensation on September 29 and a further...
Financial-Legal Oct 06, 2016 Rapaport News
Tiffany Blue Box
Tiffany to Get Costco's Earnings From Fake Rings
Tiffany & Co. is entitled to Costco Wholesale Corp.’s earnings from the sale of fake Tiffany engagement rings, a federal judge ruled Tuesday. The luxury jeweler is also entitled to punitive damages under New York state...
Retail Sep 09, 2015 Rapaport News
Shopping Mall
U.S. Consumers Need to Hear From Socially Responsible Retailers
The third annual Conscious Consumer Spending Index, which measures U.S. consumers' appetite for corporate social responsibility, found that 32 percent of shoppers intend to spend more with socially responsible companies this year. The...
Research Apr 09, 2015 Jeff Miller
Judge Issues Pre-Trial Schedule for Tiffany, Costco
U.S. District Judge Laura Taylor Swain approved a pre-trail schedule for the Tiffany & Co. trademark infringement case against Costco Wholesale Corporation. Tiffany & Co. sued Costco in February alleging the defendant...
Financial-Legal May 06, 2013 Jeff Miller
Tiffany Seeks Dismissal of Costco's 'Tiffany Setting' Counterclaim
Attorneys for Tiffany & Co. filed a motion with the U.S. District Court in the Southern District of New York to dismiss Costco Wholesale Corporation's counterclaim, concluding that the ''Tiffany setting'' is generic and unenforceable...
Financial-Legal Apr 23, 2013 Jeff Miller
tiffany small
Tiffany & Co. Says: Only One 'Tiffany Setting' and Its Trademarked
Costco Wholesale Corporation's claim describing the ''Tiffany setting'' as a generic term, not defined by Tiffany & Co.'s trademark, is evidence that the defendant's legal team is misinformed, according to Tiffany & Co.'s latest comment on the...
Financial-Legal Mar 15, 2013 Jeff Miller
tiffany small
Tiffany Sues Costco for Trademark Infringement, Counterfeiting
Tiffany & Co. sued Costco Wholesale Corporation to prevent further sales of what the luxury retailer concluded where counterfeit diamond engagement rings and for damages associated with prior sales. The lawsuit was...
Financial-Legal Feb 14, 2013 Jeff Miller
STORES Magazine
STORES Magazine Lists Top 100 Retailers
STORES magazine listed its annual ''Top 100 Retailers,'' based upon revenue, and noted little in the way of any change to the list from one year ago. Of those retailers that sell jewelry, Walmart...
Research Jul 05, 2011 Ricci Dipshan
Costco Ring Illustration
Costco Selling $1M Diamond Ring
U.S. discount warehouse Costco has forayed into the high-end jewelry market and is selling a 6.77-carat, D-color, internally flawless diamond ring for $1 million. In keeping with its reputation for a good bargain, the ring...
Retail Apr 11, 2011 Avi Krawitz
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