[Gift Jewelry : Pearl Necklace, Pearl Bracelet, Pearl Ring and Pearl Earrings] 5/06/2018 11:18:00 PM

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jewelry retailer Tiffany & Co. filed a lawsuit against the company Costco Wholesale Corporation, demanding to suspend sales of "fake engagement rings" and recover damages caused by illegal sale of products under the brand name Tiffany & Co. in past. According to Tiffany & Co., the wholesale company Costco is guilty of violating trademark rights, counterfeiting products, unfair competition, damage to reputation, misleading consumers and dishonest advertising, Rapaport reports. The amount of the claim is $ 2 million.
In response to the lawsuit Tiffany & Co. Costco stated that it was selling jewelry "in the style of Tiffany", defining it as a general term used for many years. The word "Tiffany" is a general term for determining the rings of rings. The defendants' lawyers claim that Costco sold unmarked Tiffany-style rings. In addition, unlike Tiffany's products in proprietary blue packaging, the rings distributed by Costco were packaged in ordinary beige gift boxes where the brand was not indicated.
Thus, the wholesale company refutes Tiffany's allegations of copyright infringement and requests the court to exclude in the future making any demands for the exclusion of the word Tiffany from the description of the appearance and style of jewelry as a general concept.

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Posted By Blogger to Gift Jewelry : Pearl Necklace, Pearl Bracelet, Pearl Ring and Pearl Earrings at 5/06/2018 11:18:00 PM

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Sales in jewelry stores in the US in January showed an increase of 14.7% on a year-on-year basis to $ 1.954 billion, a record for the first month of the year in the history of the US Department of Commerce, Rapaport reports. In addition, consumer price inflation for jewelry (CPI) in January fell by 3.5%.
It is noted that the total retail sales in the US in February rose by 3.6% to $ 339.3 billion, sales in retail stores increased by 4.7%.
The National Retail Federation (NRF) revealed that US consumers quickly adapted and revised their spending in response to rising income taxes and fuel prices in the reporting month.
"The retail sector continues to demonstrate its importance to the economy as a whole," said NRF President Matthew Shay. "Our research points to the caution of consumers who make complex decisions and limit spending in the light of economic uncertainty, which is especially true for consumers with an annual income of less than $ 50,000."

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American / International Diamond Week in Israel was officially opened, IDEX Online reports. The president of the Israeli Diamond Exchange (IDE), Yair Sahar, called the event a "historic moment".
"This event allows us to maintain our leading position in the diamond business," Sugar said, speaking to the visitors in the crowded trading floor of the exchange. "This is the format of events that will help us to move forward and develop over the next decade."
Varda Shine, executive vice president of sales for De Beers, who officially opened the event, said that she was pleased to witness the first event, which she hopes will become a tradition in Israel.
"While the situation around the world remains volatile, we must find ways to continue moving forward," she said. - Innovations, which we see in Israel, were not in other countries. This is an important undertaking, and it will provide Israel with a leading place in the world diamond trade. "
Moti Ganz, chairman of the Israel Diamond Institute, said the goal of the event was to help the Israeli diamond industry grow and flourish. He said that this is part of the industry's efforts to re-acquire itself, which is "crucial for business expansion."

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According to a recently released report in the field of the gemstone and jewelry industry, it was found that jewelry sales figures in India and China combined exceeded sales of the US, traditionally the world's largest consumer jewelry market, Israelidiamond.co.il reports. a reference to Jewelry News Asia.
The report, entitled "Forecasting the Development of the World Gem Market," among other things, notes that India is the largest importer of rough diamonds and an exporter of diamonds, while China is the largest consumer of platinum, while India and China are the world's largest consumers of gold.
According to Jewelry News Asia, other eastern countries, such as Vietnam and Thailand, are also large and active consumers of gold.
The authors of the report - TechSci Research - forecast that, amid rising disposable incomes in the Middle East and the Far East, the international jewelry market will continue to show an increase in turnover by an average of 5% per year and reach an annual turnover of $ 272 billion in 2018.