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Tiffany accused Costco of selling counterfeit engagement rings. Image credit: Tiffany & Co.


Luxury Daily’s live news for July 21:

Tiffany, Costco resolve nearly decade-long legal dispute
LVMH-owned jeweler Tiffany & Co. has settled a more than eight-year-old lawsuit accusing U.S. wholesale retailer Costco of trademark infringement and counterfeiting.