Cartier sues Tiffany & Co for allegedly stealing trade secrets

Cartier accused Tiffany & Co of hiring an underqualified manager to learn of their High Jewelry' collection

Cartier sued Tiffany & Co on Monday, accusing its luxury rival of stealing trade secrets concerning its high-end jewelry from an employee it lured away in December.

According to a complaint filed in a New York state court in Manhattan, Tiffany hired away an underqualified junior manager to learn more about Cartier's High Jewelry" collection, where pieces typically cost $50,000 to $10m.