Tiffany & Co.

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Tiffany and Company
Type Public (NYSE: TIF)
Founded September 18, 1837, in New York City, New York
Headquarters New York City, New York

United States

Key people Michael J. Kowalski, Chairman & CEO
James E. Quinn, President
Charles Lewis Tiffany, Founder
John B. Young, Founder
Industry Jewellers and silversmiths
Products Diamonds
Jewelry
Tableware
Gifts and Accessories
Silver items
Revenue image:green up.png$2.2 billion USD (2004)
Employees 7,000 (12/31/2004)
Slogan Diamonds by the Yard
Website www.tiffany.com

Tiffany & Co. (NYSE: TIF) is a jewelry and silverware company founded by Charles Lewis Tiffany and John B. Young in New York City in 1837. Tiffany & Co has since opened stores in major cities all over the world.

Contents

[edit] History

Initially established in 1837 as Tiffany & Young (named for partners Charles Lewis Tiffany and John B. Young), a stationery and fancy goods emporium, the original boutique was located in New York City on Broadway and had a revolutionary policy that each item's price was non-negotiable. In 1853, Charles Lewis Tiffany assumed control of the entire company, which has since expanded to selling high-end household items.

The Tiffany flagship store on New York's Fifth Avenue at 57th Street is a popular tourist attraction, largely as a result of the 1961 movie Breakfast at Tiffany's, which starred Audrey Hepburn. Tiffany's opened its first store outside of New York in San Francisco's Union Square in 1963 and internationally in Tokyo in 1972. The corporation has since undergone large expansion, opening flagship stores in London's Bond Street and Tokyo's Ginza district, and now has stores in Asia, Europe, and Latin America.

The corporation has an agreement with the Tahera Diamond Corporation to buy or market the entire production of the Jericho Diamond Mine. They also provided a C$35 million loan to assist in construction of the Jericho mine.[1]

[edit] Diamonds

Charles Lewis Tiffany, founder of Tiffany & Co., was dubbed "the King of Diamonds" by New York City newspapers. In the spring of 1887, Tiffany bought the French Crown Jewels.[citation needed]

Tiffany designs were worn by such famous families as the Astors, the Vanderbilts, and the Morgans. Athletes, Hollywood stars, and even European royalty adored these diamonds. Museums valued the Tiffany designs, which ranged from the Art Nouveau period to Art Deco to today's modern styles.[citation needed]

Today, the 128.54-carat Fancy Yellow Tiffany Diamond is on display in the New York City flagship store.

[edit] Trivia

Tiffany Blue seen here in a Tiffany gift box
Tiffany Blue seen here in a Tiffany gift box

[edit] Tiffany's in popular culture

[edit] See also

[edit] References

  1. ^ Tahera Diamond Corporation - Strategic Partnerships

[edit] External links

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