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Pitt, Aniston settle suit against jewelry designer

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Brad Pitt and Jennifer Aniston have settled their lawsuit against an Italian jewelry designer they had accused of breaking an agreement to never replicate their wedding rings.

Cindy Guagenti, a publicist for Pitt, said Saturday the couple settled the $50 million suit filed in July against Silvia Damiani and Damiani International, saying the jeweler reproduced and sold rings designed by Pitt. Damiani was selling the rings over the Internet and at several jewelry stores.

"The legal proceedings between Brad Pitt, Jennifer Aniston and Damiani have been amicably resolved and were the result of an unfortunate misunderstanding," Damiani International said in a statement.

Under the agreement, Pitt, 38, who most recently starred in "Ocean's Eleven," will design an exclusive jewelry collection for Silvia Damiani.

Aniston, 32, who stars in TV's "Friends," will appear in Damiani ads that will run outside North America.