In all honesty I am not exactly sure how it works but as long as the pieces do not bear the Tiffany name, they can make the same designs and use the same materials. At a jewelry show in NYC, there was table after table of jewelers that had tons of it. Almost every single piece is made in China and Spain (apparently the cheapest labor and most plentiful silver supplies) and then distributed, redistributed, etc. etc....most of the time they are all selling the same item that started out at the same factory as tweny other tables who bought from 20 other sources to "resell or wholesale" as they refer to it. That's why everythign starts out from the factories at about 1.00 and ends up being 300.