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A leading international wholesaler is counting the cost of an ill-judged product launch. Costco is well known for its huge warehouses stocking anything from sandwiches to speedboats. In its US outlets, members were able to purchase diamond rings marked Tiffany via the jewellery counter. However, budding George Peppards and Audrey Hepburns may have been left disappointed as the rings themselves were not manufactured by world renowned jeweller Tiffany & Co. Costco argued that solitaire diamond rings of this type have…