Costco to owe Tiffany jewelers $19.4M for fake rings

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Costco to owe Tiffany jewelers $19.4M for fake rings. Gray Hall reports during Action News at 6 a.m. on August 19, 2017. (WPVI)

Costco is going to have to pay for selling "Tiffany" engagement rings that weren't made by the famed company.

A judge has ruled that the jewelry company is entitled to almost 20 million dollars.

Tiffany first filed a complaint back in 2013.

The complaint stated that Costco had been selling different styles of rings that falsely identified as "Tiffany" rings.

Costco said it intends to appeal the ruling.

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