After Costco is accused of selling fake Tiffany rings, how to spot a fake diamond

Is your engagement ring as real as your love?

Wholesale retailer Costco COST, +2.16% was ordered to pay jewelry company Tiffany & Co. TIF, +1.44% more than $19 million in damages after a federal judge ruled Costco sold diamond engagement rings with the jewelry company’s name on it without a deal to do so.

Costco, which plans to appeal the decision, in the meantime is barred from selling any products bearing the name “Tiffany,” unless it’s used as a modifier for a setting, Reuters reported. The company called the ruling the “product of multiple errors”: The rings in question had “Tiffany” signage, but the company says it was in reference to a “Tiffany setting,” a ring style with a diamond solitaire and six prongs.

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