The announcement coincided with its full-year results, with growth driven by its jewelry brands.
Cartier, Van Cleef Accuse Florida Jeweler of Peddling Fakes
The Richemont-owned brands are suing King Jewelers for allegedly selling counterfeit versions of pieces from trademarked collections.
Miami—Cartier and Van Cleef & Arpels have filed a joint lawsuit against a Florida jeweler accusing it of selling counterfeit versions of rings, necklaces and earrings from trademarked collections.
According to court documents filed in federal court in Miami on May 6, a representative of the Richemont-owned brands visited King Jewelers’ Aventura, Florida store in November 2018 and saw the look-alikes on display.
Employees allegedly told the representative the pieces on display were “inspired by” Cartier and Van Cleef pieces, but not authentic. The employee then went on to state that the products were not featured in the store’s catalogues because they “don’t want to get in trouble.”
The lawsuit, which was filed against Scott King Inc. (d/b/a Florida Diamond Brokers and Kings Jewelers), accuses the store specifically of selling imitations of Van Cleef & Arpels’ “Alhambra” and “Perlée” collections and Cartier’s “Love” and “Juste un Clou” collections.
The pieces were engraved with the brands’ names and were being sold at prices similar to pieces manufactured by Cartier and Van Cleef, according to the suit.
The brands described King’s activity as “intentionally fraudulent, malicious, willful, and wanton.”
The retailer currently has two locations, the Aventura store and a store in Nashville, Tennessee.
In a statement to National Jeweler, King Jewelers Vice President Jonathan King characterized the accusations made by Cartier and Van Cleef as “outrageous” and inaccurate.
He said: “The allegations brought in the complaint include outrageous falsehoods, misrepresentations, and grave inaccuracies. We hope this matter will be resolved expeditiously."
Cartier and Van Cleef & Arpels are suing for the profit made from these pieces as well as statutory damages of up to $2 million per counterfeit collection and per jewelry category.
The brands also are asking that the store turn over its counterfeit pieces for destruction and retrieve any jewelry that was sent to retailers or sold to customers.
Fighting against fakes is challenging, but David Yurman recently took on counterfeiters and won.
The luxury jeweler was awarded $1.5 million after the U.S. District Court for the Southern District of New York ruled in the company’s favor against 31 defendants operating websites selling counterfeit jewelry.
The Latest
Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Jewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
Despite the rising prices, consumers continue to seek out the precious metal.
This little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
Though its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
Despite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
Tradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
Lilian Raji gives advice to designers on how to make the most of great publicity opportunities.
The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
Why do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
The “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
The annual list recognizes young professionals making an impact in jewelry retail.
Owner David Mann is heading into retirement.
While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
Christie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
Retailers can customize and print the appraisal brochures from their store.
The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
The site has been down since Thursday evening, just ahead of its spring auctions.
The late former U.S. Secretary’s collection went for quadruple the sale’s pre-sale estimate.
Three fifth graders’ winning designs were turned into custom jewelry pieces in time for Mother’s Day.
Kimberly Adams Russell is taking over the role from her father, David Adams, marking the third generation to hold the title.
As a token of womanhood, this necklace depicts when Venus was born from the sea.
Show your mother some love with a piece of fine jewelry.
The company’s Easton location will remain open.
Brian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.