Canadian jewelry designer and manufacturer, JewelPops, Inc., has reached an agreement with U.S. jewelry designer and supplier, Royal Chain Group and Missouri-based retailer, Helzberg Diamonds, Inc., bringing the nearly six-month long dispute to an end.
"We believe that this is a fair settlement of our dispute and that the interests of JewelPops and our more than 1,000 independent dealers and sales representative who sell our product were successfully defended," said company founder and president Robert Smith.
"This agreement," he continued, "will help eliminate confusion among customers and allow Kameleon to compete with Karisma based on the originality of its design and the overall quality of the product."
Royal Chain president, Paul Maroof, stated, "We welcome the ability to compete with the Kameleon line and to allow the consumers more choices in interchangeable jewelry."
Both parties have agreed to maintain confidentiality regarding specific details of their settlement agreement.
Both JewelPops and Royal Chain will continue to vigorously enforce their respective intellectual property rights including patents, copyrights and trademarks.
