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Tiffany & Co. (colloquially known as Tiffany's) is a high-end
luxury Luxury may refer to: * Luxury goods, an economic good or service for which demand increases more than proportionally as income rises *Luxury tax, tax on products not considered essential, such as expensive cars **Luxury tax (sports), surcharge pu ...
jewelry and specialty retailer, headquartered on Fifth Avenue in
Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...
. It sells jewelry, sterling silver, porcelain, crystal, stationery, fragrances, water bottles, watches, personal accessories, and leather goods. Tiffany is known for its luxury goods, particularly its diamond and sterling silver jewelry. These goods are sold at Tiffany stores, online, and corporate merchandising. Its name and branding are licensed to Coty for fragrances and to
Luxottica Luxottica Group S.p.A. is an Italian eyewear conglomerate and the world's largest company in the eyewear industry. It is based in Milan, Italy. Luxottica is a vertically integrated company, which has been described as a monopoly—it designs, ma ...
for eyewear. Tiffany & Co. was founded in 1837 by the jeweler
Charles Lewis Tiffany Charles Lewis Tiffany (February 15, 1812 – February 18, 1902) was an American businessman and jeweler who founded New York City's Tiffany & Co. in 1837. Known for his jewelry expertise, Tiffany created the country's first retail catalog and ...
and became famous in the early 20th century under the artistic direction of his son
Louis Comfort Tiffany Louis Comfort Tiffany (February 18, 1848 – January 17, 1933) was an American artist and designer who worked in the decorative arts and is best known for his work in stained glass. He is the American artist most associated with the Art NouveauL ...
. In 2018 net sales totaled US$4.44 billion. In 2019 Tiffany operated 326 stores globally in countries such as the United States, Japan, and Canada, as well as Europe, the Latin America and Pacific Asia regions. On January 7, 2021, French multinational LVMH Moët Hennessy Louis Vuitton acquired majority stake in Tiffany & Co for $15.8 billion and delisted Tiffany’s stock from the New York Stock Exchange.


History


Establishment

The company was founded in 1837 by
Charles Lewis Tiffany Charles Lewis Tiffany (February 15, 1812 – February 18, 1902) was an American businessman and jeweler who founded New York City's Tiffany & Co. in 1837. Known for his jewelry expertise, Tiffany created the country's first retail catalog and ...
and John B. Young, in
New York City New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...
, as a "stationery and
fancy goods Fancy may refer to: Places * Fancy, Saint Vincent and the Grenadines, a settlement * Fancy River, Saint Vincent and the Grenadines Music Albums * ''Fancy'' (Bobbie Gentry album), 1970 * ''Fancy'' (Idiot Flesh album), 1997 * ''Fancy'' (video ...
emporium", with the help of Charles Tiffany's father, who financed the store for only $1,000 with profits from a cotton mill. The store initially sold a wide variety of stationery items and, as of 1838, operated as "Tiffany, Young and Ellis" at 259 Broadway in Lower Manhattan. The name was shortened to Tiffany & Company in 1853, when Charles Tiffany took control and established the firm's emphasis on jewelry. The company has since opened stores in major cities worldwide. Unlike other stores at the time in the 1830s, Tiffany clearly marked the prices on its goods to forestall any haggling over prices. In addition, against the social norm at the time, Tiffany only accepted cash payments, and did not allow purchases on credit. Such practices (fixed prices for ready money) had first been introduced in 1750 by Palmer's of London Bridge.


"Blue Book" and the Civil War

The first Tiffany
mail order Mail order is the buying of goods or services by mail delivery. The buyer places an order for the desired products with the merchant through some remote methods such as: * Sending an order form in the mail * Placing a telephone call * Placing ...
catalog, known as the "Blue Book", was published in 1845 in the United States (U.S.), and publishing of the catalog continues in the 21st century. In 1862, Tiffany supplied the
Union Army During the American Civil War, the Union Army, also known as the Federal Army and the Northern Army, referring to the United States Army, was the land force that fought to preserve the Union of the collective states. It proved essential to th ...
with swords (
Model 1840 Cavalry Saber The Model 1840 Cavalry Saber was based on the 1822 French hussar's sabre. Unlike its replacement, the Model 1860 Light Cavalry Saber, the M1840 has a ridge around its quillon, a leather grip wrapped in wire (rather than grooves cut into the woo ...
), flags and surgical implements. In 1867, Tiffany was the first U.S. firm to win an award for excellence in silverware at the '' Exposition Universelle'' in Paris. In 1868, Tiffany was incorporated.


"Gilded Age"

In 1870, the company built a new store building at 15 Union Square West, Manhattan, which was designed by John Kellum and cost $500,000. It was described by ''
The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid d ...
'' as a "palace of jewels." Tiffany stayed at this site until 1906. In 1877, an insignia that would become the
New York Yankees The New York Yankees are an American professional baseball team based in the New York City borough of the Bronx. The Yankees compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. They are one of ...
"NY" logo was struck on a police medal of honor by Tiffany; the Yankees adopted the logo in 1909. In 1878, Tiffany won the gold medal for jewelry and a grand prize for silverware at the Paris Exposition. In 1879, Tiffany purchased one of the world's largest yellow diamonds which became known as the Tiffany Diamond. The Tiffany Diamond has only been worn by four people, one of whom was Audrey Hepburn for the promotion of "Breakfast at Tiffany's". In 1887, Tiffany bought a number of pieces at the auction of part of the
French Crown Jewels The French Crown Jewels (french: Joyaux de la Couronne de France) comprise the crowns, orb, sceptres, diadems and jewels that were symbols of Royal power between 752 and 1825. These were worn by many Kings and Queens of France as well as Emper ...
, which attracted publicity and further solidified the Tiffany brand's association with high-quality diamonds. The company revised the Great Seal of the United States in 1885.


1900–1999

In 1902, after the death of
Charles Lewis Tiffany Charles Lewis Tiffany (February 15, 1812 – February 18, 1902) was an American businessman and jeweler who founded New York City's Tiffany & Co. in 1837. Known for his jewelry expertise, Tiffany created the country's first retail catalog and ...
, his son,
Louis Comfort Tiffany Louis Comfort Tiffany (February 18, 1848 – January 17, 1933) was an American artist and designer who worked in the decorative arts and is best known for his work in stained glass. He is the American artist most associated with the Art NouveauL ...
, became the company's first official design director. In 1905, the Manhattan flagship store was relocated to the corner of 37th Street and Fifth Avenue, where it would remain for 35 years. In 1919, the company made a revision to the
Medal of Honor The Medal of Honor (MOH) is the United States Armed Forces' highest military decoration and is awarded to recognize American soldiers, sailors, marines, airmen, guardians and coast guardsmen who have distinguished themselves by acts of valo ...
on behalf of the
United States Department of the Navy The United States Department of the Navy (DoN) is one of the three military departments within the Department of Defense of the United States of America. It was established by an Act of Congress on 30 April 1798, at the urging of Secretary o ...
. This "Tiffany Cross" version was rare because it was awarded only for combat, using the previous design for non-combat awards. In 1942, the Navy established the Tiffany version for ''non''-combat heroism as well but, in August 1942, the Navy subsequently eliminated the Tiffany Cross and the two-medal system. The company moved its flagship store to its present-day 727 Fifth Avenue building in 1940; the building was designed by
Cross & Cross Cross & Cross (1907–1942) was a New York City-based architectural firm founded by brothers John Walter Cross and Eliot Cross. History Cross & Cross was known as Old New York City Society's architectural firm of choice. John Cross (1878–1951) ...
. In 1956, legendary designer Jean Schlumberger joined Tiffany, and
Andy Warhol Andy Warhol (; born Andrew Warhola Jr.; August 6, 1928 – February 22, 1987) was an American visual artist, film director, and producer who was a leading figure in the Art movement, visual art movement known as pop art. His works explore th ...
collaborated with the company to create Tiffany holiday cards (circa 1956–1962). In 1968,
Lady Bird Johnson Claudia Alta "Lady Bird" Johnson (''née'' Taylor; December 22, 1912 – July 11, 2007) was First Lady of the United States from 1963 to 1969 as the wife of President Lyndon B. Johnson. She previously served as Second Lady from 1961 to 1963 whe ...
, First Lady of the U.S. at the time, commissioned Tiffany to design a White House china-service that featured 90 flowers. In November 1978, Tiffany & Co. was sold to Avon Products, Inc for about US$104 million in stock. However, in a 1984 ''
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'' article, the Fifth Avenue Tiffany store was likened to the
Macy's Macy's (originally R. H. Macy & Co.) is an American chain of high-end department stores founded in 1858 by Rowland Hussey Macy. It became a division of the Cincinnati-based Federated Department Stores in 1994, through which it is affiliated wi ...
department store during a white sale, due to the high number of inexpensive items on sale; furthermore, customers complained about declining quality and service. In August 1984, Avon sold Tiffany to an investor group led by William R. Chaney for $135.5 million in cash. Tiffany went public again in 1987 and raised about $103.5 million from the sale of 4.5 million shares of
common stock Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other Comm ...
. Due to the 1990–1991 recession in the United States, Tiffany commenced an emphasis upon mass merchandising. A new campaign was launched that stressed how Tiffany could be affordable for all; for example, the company advertised that the price of diamond engagement rings started at $850. "How to Buy a Diamond" brochures were sent to 40,000 people, who called a toll-free number specifically set up to target the broader population. However, to maintain its image as a luxury goods company, high-style images remained on display in Tiffany stores. On September 4, 1994, a jewelry heist occurred at the store in New York City, in which six men stole $1.9 million of jewelry. During the incident, no shots were fired and no vandalism occurred. Two weeks after the robbery, the six men were arrested and the jewelry was recovered. Tiffany & Co. trademarked their signature
Tiffany Blue Tiffany Blue is the colloquial name for the light medium robin egg blue color associated with Tiffany & Co., the New York City jewelry company created by Charles Tiffany and John Young in 1837. The color was used on the cover of Tiffany's ''Blue ...
color in 1998. Three years later they partnered with
Pantone Pantone LLC (stylized as PANTONE) is a limited liability company headquartered in Carlstadt, New Jersey. The company is best known for its Pantone Matching System (PMS), a proprietary color space used in a variety of industries, notably graphi ...
to standardize the color as "1837 Blue".


2000s

The Tiffany & Co. Foundation was established in 2000 to provide grants to nonprofit organizations working in the areas of the environment and the arts. In June 2004, Tiffany sued
eBay eBay Inc. ( ) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995 and became ...
, claiming that the latter was making profits from the sale of counterfeit Tiffany products; however, Tiffany lost both at trial and on appeal. Tiffany & Co. established their subsidiary Laurelton Diamonds in 2002 to manage Tiffany's worldwide diamond supply chain. In 2009, a collaboration between the Japanese mobile-phone operator
SoftBank is a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo which focuses on investment management. The Group primarily invests in companies operating in technology, energy, and financial sectors. It also runs the Vi ...
and Tiffany & Co. was announced. The two companies designed a cellphone, limited to ten copies, and containing more than 400 diamonds, totaling more than . Each cellphone cost more than 100 million yen ( £781,824). Also in 2009, the company launched their Tiffany Keys collection.


2010s and 2020s

A media report in early July 2013 revealed that former Tiffany & Co. vice president Ingrid Lederhaas-Okun had been arrested and charged with stealing more than $1.3 million of diamond bracelets, drop earrings, and other jewelry. According to prosecutors from
Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...
, the official charges filed against Lederhaas-Okun accused her of "wire fraud and interstate transportation of stolen property." The company's
Francesca Amfitheatrof Francesca Amfitheatrof is a jewelry designer, known for her designs for Tiffany & Co. Early life Francesca Amfitheatrof was born in Tokyo, Japan. The daughter of a Russian-American father, who was bureau chief for ''Time'' magazine and an Ital ...
-designed Tiffany T collection debuted in 2014. In February 2017, the company announced that CEO Frédéric Cuménal was out of a job, effective immediately, after only 22 months, blaming weak sales results. He was replaced on an
interim An interim is a period of temporary pause or change in a sequence of events, or a temporary state, and is often applied to transitional political entities. Interim may also refer to: Temporary organizational arrangements (general concept) *Provis ...
basis by the company's longtime former CEO, Michael Kowalski. Shortly before his abrupt departure, Cuménal had appointed former
Coach Coach may refer to: Guidance/instruction * Coach (sport), a director of athletes' training and activities * Coaching, the practice of guiding an individual through a process ** Acting coach, a teacher who trains performers Transportation * Co ...
designer
Reed Krakoff Reed Krakoff (born August 25, 1964) is an American fashion designer and former executive creative director of American luxury design house Coach. Biography Krakoff was raised in Weston, Connecticut, the son of a corporate executive. He graduate ...
as the company's new chief artistic officer. Although Krakoff had had no previous experience with jewellery design, his previous success with Coach and "deep understanding of iconic American design" led to his appointment, with the hopes that Krakoff would be able to refresh the image of the brand. In April 2017, the company launched their Tiffany HardWear collection. In July 2017, it was announced that Bulgari veteran Alessandro Bogliolo would be taking over as CEO. Under his leadership, it was hoped that Tiffany & Co. could turn around slumping sales and capture a younger audience. Tiffany & Co. opened the Blue Box Cafe in New York City in November 2017. Also in November 2017, the company launched their Home & Accessories line. In March 2018, the company opened the Jewelry Design and Innovation Workshop, a new 17,000-square-foot
atelier An atelier () is the private workshop or studio of a professional artist in the fine or decorative arts or an architect, where a principal master and a number of assistants, students, and apprentices can work together producing fine art or ...
. In May 2018, Tiffany launched their Paper Flowers Collection, designed by Reed Krakoff. In September 2018, Tiffany launched their Paper Flowers collection in Asia. That same month, the company debuted a new proprietary engagement ring design called the Tiffany True. In August 2019, Tiffany launched their first men's jewelry collection in October of the same year. The line was developed by Reed Krakoff. In October 2019, Tiffany opened a new brand exhibition in
Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowin ...
, China called "Vision & Virtuosity". Tiffany opened its first store in
New Delhi New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament Ho ...
, India on 3 February 2020.


Acquisition by LVMH

In November 2019, LVMH announced its purchase of Tiffany & Co for $16.2 billion, $135 per share. The deal was expected to close by June 2020. After LVMH decided to cancel the pending purchase of Tiffany in September 2020, Tiffany filed suit, asking the court to compel the purchase or to assess damages against the defendant; LVMH planned to counter sue, alleging that mismanagement had invalidated the purchase agreement. In mid-September 2020, a reliable source told ''
Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...
'' that LVMH had decided to cancel the deal because Tiffany was paying millions in dividends to shareholders despite financial losses during the
COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identi ...
. Some US$70 million had already been paid by Tiffany, with an additional US$70 million to be paid in November 2020. LVMH filed a counterclaim against the court action commenced by Tiffany; a statement issued by LMVH blamed Tiffany's mismanagement during the pandemic and claimed that it was "burning cash and reporting losses". In late October 2020, LVMH announced that it had agreed to buy Tiffany & Co. at a reduced price of almost $16 billion, and lowered price from $135 per share to $131.5 per share. The court cases would be set aside. In December 2020, Tiffany & Co's shareholders approved a $15.8 billion deal with LVMH. The deal closed on January 7, 2021, and Tiffany' stock was delisted from the
New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...
. After LVMH's acquisition, several of Tiffany’s senior leaders were replaced with executives from other sectors of LVMH. Alexandre Arnault, the son of LVMH's CEO
Bernard Arnault Bernard Jean Étienne Arnault (; born 5 March 1949) is a French business magnate, investor, and art collector. He is the co-founder, chairman, and chief executive officer of LVMH Moët Hennessy – Louis Vuitton SE, the world's largest luxury ...
, was given the role of executive vice president. LVMH group's plans include expanding Tiffany & Co.’s presence in
Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirel ...
and China. "Tiffany is less exposed than rivals to Asia-Pacific - a major driver for luxury sales - which accounted for 28% of its worldwide sales of $4.4 billion in 2019." Partnership with Riot Games. Announced that Tiffany & Co. will design the trophy for the League of Legends World Championship 2022.


Stores

Since 1940, Tiffany's
flagship store A flagship is a vessel used by the commanding officer of a group of naval ships, characteristically a flag officer entitled by custom to fly a distinguishing flag. Used more loosely, it is the lead ship in a fleet of vessels, typically the fi ...
has operated at the corner of Fifth Avenue and 57th Street in
Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...
, New York City. The polished granite exterior is well known for its window displays, and the store has been the location for a number of films, including '' Breakfast at Tiffany's'', starring Audrey Hepburn, and ''
Sweet Home Alabama "Sweet Home Alabama" is a song by American southern rock band Lynyrd Skynyrd, released on the band's second album ''Second Helping'' (1974). It was written in response to Neil Young's 1970 song "Southern Man", which the band felt blamed the e ...
'', starring
Reese Witherspoon Laura Jeanne Reese Witherspoon (born March 22, 1976) is an American actress and producer. The recipient of various accolades, including an Academy Award, a British Academy Film Award, a Primetime Emmy Award, and two Golden Globe Awards, she ...
. The former Tiffany and Company Building on 37th Street is on the U.S.
National Register of Historic Places The National Register of Historic Places (NRHP) is the United States federal government's official list of districts, sites, buildings, structures and objects deemed worthy of preservation for their historical significance or "great artistic ...
. When it opened in 1990, the Tiffany & Co. store at Fairfax Square in
Tysons Corner, Virginia Tysons, also known as Tysons Corner, is a census-designated place (CDP) in Fairfax County, Virginia, United States, developed from the corner of Chain Bridge Road ( SR 123) and the Leesburg Pike ( SR 7). Located in Northern Virginia between the c ...
, became the largest outside of New York City, with of retail space. In France, Tiffany stores are located in
Rue de la Paix The rue de la Paix (English: Peace Street) () is a fashionable shopping street in the center of Paris. Located in the 2nd arrondissement of Paris, running north from Place Vendôme and ending at the Opéra Garnier, it is best known for its jew ...
and the Avenue des Champs Elysées (the largest European store) in
Paris Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), ma ...
. In Australia, Tiffany's flagship store is located on Collins Street in
Melbourne Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a met ...
, first established in 1996. On March 8, 2001, Tiffany launched its first Latin American store in São Paulo, Brazil, located in the Iguatemi São Paulo, Iguatemi São Paulo shopping center. The company opened a second store in the city on October 20, 2003, near the famous Rua Oscar Freire, Oscar Freire Street. In 2004, Tiffany created "Iridesse", a chain of stores dedicated to pearl-only jewelry. The company operated 16 stores in Florida, New Jersey, New York (state), New York, Pennsylvania, California, Illinois, Massachusetts, and Virginia. However, the chain operated at a loss since its founding and the company announced in early 2009 that, despite its continued belief in the concept, it would discontinue Iridesse due to the financial crisis of 2007-2008. As of 2018, Tiffany operated 93 stores in the US and 321 stores worldwide, including (as of 31 January 2017) 55 locations in Japan and 85 in the Asia-Pacific region. Net sales in 2018 totaled US$4.44 billion.


Advertising

After the initial publication of the "Blue Book" Tiffany catalog in 1845, Tiffany continued to use its catalog as part of its advertisement strategy. The Tiffany catalog, one of the first catalogs printed in full color, remained free until 1972. Tiffany's mail-order catalogs reached 15 million people in 1994. Tiffany also produces a corporate-gift catalog each year, and corporate customers purchase Tiffany products for trade, business gift-giving, employee-service and achievement-recognition awards, and for customer incentives. As of 2013 Tiffany still produces a catalog for subscribers, but its advertisement strategy no longer focuses primarily on its catalog. In addition to the mail-order catalog, Tiffany displays its advertisements in many locations, including at bus stops, in magazines and newspapers, and online. With the advent of new technologies, Tiffany placed banner advertisements in the ''New York Times mobile app for the iPhone, whereby the user can download the Tiffany app. In January 2015, Tiffany launched its first ever same-sex couple campaign. In 2017, Tiffany partnered with American pop star Lady Gaga for an ad campaign promoting the company's HardWear collection. The announcement came as a Super Bowl ad prior to Lady Gaga's Super Bowl LI halftime show performance. In May 2018, Tiffany partnered with Spotify for the launch of Tiffany's "Believe in Dreams" campaign and Paper Flowers collection, releasing a cover of the song "Moon River" by Elle Fanning and rapper A$AP Ferg on the music streaming service. In 2019, Tiffany partnered with American celebrity Kendall Jenner to promote the company's spring fashion line. In 2021, Tiffany partnered with American singer Beyoncé and rapper Jay-Z to promote the company's "About Love" campaign. Beyoncé became the fourth woman, and first Black woman, to wear the Tiffany Yellow Diamond. The campaign incorporated Tiffany's recently acquired robin egg blue painting, ''Equals Pi'' (1982), by American artist Jean-Michel Basquiat. In 2022, Tiffany partnered with Curtis Kulig while retaining his original "Love Me" concept, Kulig also created other love-themed messages such as: "Dare Me," "Know Me," and "Kiss Me" to be displayed alongside the Tiffany HardWear, Tiffany Knot and Tiffany T collections.


Products


Diamonds

Tiffany is known for its luxury goods, particularly its diamond and sterling silver jewelry. George Frederick Kunz (1856–1932), a Tiffany's gemologist, became instrumental in the international adoption of the metric Carat (unit), carat as a weight standard for gems. The Tiffany Yellow Diamond () is usually on display in the New York City flagship store. In 1886, founder Charles Tiffany conceived of the Tiffany Setting ring design, in which six prongs hold the diamond off of the band, in order to better accentuate the diamond. Like other similar diamond retailers, Tiffany's enacts a strict policy against the repurchasing of diamonds sold from its stores. In 1978, a woman in New York City was denied after she attempted to sell back a diamond ring she had bought from Tiffany two years earlier for $100,000. Writing for ''The Atlantic'' publication in 1982, Edward Jay Epstein explained the rationale for such a policy: In 2019, Tiffany CEO Alessandro Bogliolo announced that in 2020 the company would become transparent regarding the country or region of origin of the company's newly sourced and individually registered diamonds.


Colored gemstones

Tiffany offers jewelry incorporating a wide variety of colored gemstones, including gems it played a role in popularizing, such as tsavorite, Spodumene#Kunzite, kunzite, and morganite. In February 2015 a turquoise and Aquamarines, aquamarine bib designed by Francesca Amfitheatrof, Tiffany's design director, and worn by Cate Blanchett at the 87th Academy Awards, 2015 Academy Awards, contrasted favorably with the white–diamond encrusted jewelry worn by other stars.


Fragrances

In the late 1980s, Tiffany & Co. ventured into the fragrance business. "Tiffany" for women was launched in 1987, a floral perfume for women by perfumer François Demachy. At $220 per ounce, "Tiffany" was successfully marketed by major department stores across the United States. Two years later, "Tiffany for Men" was launched in 1989 and developed by perfumer Jacques Polge. The bottles for both the men's and women's fragrance were designed by Pierre Dinand. In 1995, Tiffany launched "Trueste" perfume for women, which was later discontinued. In October 2019, Tiffany launched a new fragrance line, Tiffany & Love.


Sports awards

Tiffany & Co is the maker of the Vince Lombardi Trophy, made for the winner of the National Football League, NFL team that wins the Super Bowl that year. Since 1977, Tiffany & Co. has manufactured Larry O'Brien Championship Trophy, Larry O' Brien Trophy, the trophy that is given to the winner of the NBA Finals. Tiffany makes and designed the Commissioner's Trophy (MLB), Commissioner's Trophy trophy each year, given to the winner of the World Series. Tiffany & Co made the 2010 World Series, 2010 and 2012 World Series, 2012 World Series rings for the San Francisco Giants. Since 1987, Tiffany silversmiths have crafted the US Open trophies for the United States Tennis Association. Tiffany & Co. makes the PGA Tour FedEx Cup Trophy each year since 2007. The Major League Soccer, MLS MLS Cup, championship trophy was made by Tiffany & Co. A £10,000 Rugby League World Cup trophy was made by Tiffany's to celebrate the centenary of Rugby league. In 2021, Tiffany & Co. joined the League of Legends Champions Korea, LCK sponsorship team after noticing the league's rapid growth. Tiffany & Co. would award championship rings to the winners of the League of Legends Champions Korea, LCK finals for the next three years beginning with the Summer Split of 2021. In League of Legends Pro League, LPL, a trophy was designed by Tiffany and Co. for the new Silver Dragon Cup to commemorate League of Legends, LoL's tenth anniversary in China.


Philanthropy

In 2000, The Tiffany & Co. Foundation awarded its first grant to support coral and marine conservation. To date, the foundation has awarded over $20 million in grant money to coral and marine conservation causes. In 2008, The Tiffany & Co. Foundation donated $2 million to the University of Pennsylvania for the construction of an HIV/AIDS treatment facility in Botswana. In 2010, Tiffany awarded a $1 million grant to the Trust for Public Land and its campaign to save Cahuenga Peak. Tiffany launched their Save the Wild Collection in 2017, a line at promoting endangered wildlife conservation. Save the Wild debuted as part of the #KnotOnMyPlanet wildlife conservation campaign. In 2018, Tiffany announced a commitment of approximately $1.4 million to Australia for efforts to protect and conserve the Great Barrier Reef.


Corporate sustainability efforts

Tiffany has bought ethically mined gold since 1992. The company also abides by the Kimberley Process Certification Scheme, Kimberley certification process when sourcing diamonds. Tiffany discontinued sales of coral jewelry in 2004 due to declining oceanic health. In 2005, Tiffany joined Earthwork's No Dirty Gold campaign, becoming the first jewelry company to apply the Earthwork's Golden Rules for responsible mining. In 2006, Tiffany & Co. joined Microsoft, IdustriALL Global Union, United Steelworkers along with others in founding the Initiative for Responsible Mining Assurance, known as IRMA. In 2011, Tiffany joined the United Nations Global Compact initiative in efforts to align company operations with the non-binding global sustainability and human rights goals. In 2015, Anisa Costa was appointed Tiffany's first-ever Chief Sustainability Officer. That same year, Tiffany pledged to reach net-zero greenhouse gas emissions by 2050. The company also advocated for the U.S. to remain in the Paris Agreement along with other companies.


In popular culture

The retailer has been mentioned in various works, most notably in the title of the 1958 Truman Capote novella ''Breakfast at Tiffany's (novella), Breakfast at Tiffany's'', adapted as Breakfast at Tiffany's (film), the 1961 film starring Audrey Hepburn.


Gallery

File:WLA lacma Tiffany Studios Tea Set partial A.jpg, Silver tea pot File:Johnson-343.jpg, White House china service for
Lady Bird Johnson Claudia Alta "Lady Bird" Johnson (''née'' Taylor; December 22, 1912 – July 11, 2007) was First Lady of the United States from 1963 to 1969 as the wife of President Lyndon B. Johnson. She previously served as Second Lady from 1961 to 1963 whe ...
File:Tea Set by Tiffany & Company.jpg, Tea set, c. 1877, held at the Birmingham Museum of Art File:Tiffany and Company - Frog - Walters 42288 - Three Quarter.jpg, Carved frog for display at the Exposition Universelle (1900) in
Paris Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), ma ...
File:Tiffany and Company - Necklace - Walters 572121.jpg, Diamond necklace, c. 1904 File:Hooker Emerald Brooch.jpg, Hooker Emerald Brooch, commissioned by Tiffany in 1950 File:Tiffany & Co, Tray. 1893.jpg, Tray or Waiter, displayed at World's Columbian Exposition, 1893, Brooklyn Museum


See also

* Art Nouveau glass art * Yeojin Bae * Clara Driscoll (Tiffany glass designer) * Walter Hoving * John Loring (designer) * Camille Le Tallec * Tiffany glass * Tiffany lamp * LVMH


Notes


References

* Bezdek, Richard H. ''American Swords and Sword Makers''. Boulder, Colorado: Paladin Press, 1999. * Bizot, Chantal, Marie-Noël de Gary, and Évelyne Possémé. ''The Jewels of Jean Schlumberger''. New York: Harry N. Abrams, Publisher, 2001. (English translation) * Carpenter, Charles and Janet Zapata. ''The Silver of Tiffany & Company, 1850–1987''. Boston: Museum of Fine Arts, 1987. * Dietz, Ulysses Grant, Jenna Weissman Joselit, and Kevin J. Smead. ''The Glitter and the Gold: Fashioning America's Jewelry''. Newark: The National Endowment for the Humanities, 1997. * Duncan, Alastair, Martin Eidelberg, and Neil Harris. ''Masterworks of Louis Comfort Tiffany''. New York: Harry N. Abrams, Inc., Publishers, 1989. Catalogue for an exhibition at the Renwick Gallery, Washington, D.C., from September 29, 1989 – March 4, 1990 and at the National Academy of Design, New York, from March 27 – July 8, 1990. * Fashion Institute of Technology. ''Elsa Peretti: Fifteen of My Fifty with Tiffany''. New York: Fashion Institute of Technology, 1990. Exhibition catalogue, April 24 – May 10, 1990. * Frelinghuysen, Alice Cooney. ''Louis Comfort Tiffany and Laurelton Hall''. New Haven, Connecticut: Yale University Press, 2006. * Green, Annette and Linda Dyett. ''Secrets of Aromatic Jewelry''. Paris: Flammarion, 1998. * Hood, William P., with Roslyn Berlin and Edward Wawrynek. ''Tiffany Silver Flatware 1845–1905: When Dining was an Art''. Suffolk, England: Antique Collectors Club, 1999. * Loring, John. ''Tiffany Colored Gems''. New York: Abrams, 2007. (Available Fall 2007) * Loring, John. ''Greetings from Andy Warhol: Christmas at Tiffany's''. New York: Abrams, 2004. * Loring, John. ''Louis Comfort Tiffany at Tiffany & Co.'' New York: Abrams, 2002. * Loring, John. ''Magnificent Tiffany Silver''. New York: Abrams, 2001. * Loring, John. ''The New Tiffany Tablesettings''. New York: Doubleday, 1981. * Loring, John. ''Paulding Farnham: Tiffany's Lost Genius''. New York: Abrams, 2000. * Loring, John. ''A Tiffany Christmas''. New York: Doubleday, 1996. * Loring, John. ''Tiffany Diamonds''. New York: Abrams, 2005. * Loring, John. ''Tiffany in Fashion''. New York: Abrams, 2003. * Loring, John. ''Tiffany Flora and Fauna''. New York: Abrams, 2003. * Loring, John. ''The Tiffany Gourmet Cookbook''. New York: Doubleday, 1992. * Loring, John. ''Tiffany Jewels''. New York: Abrams, 1999. * Loring, John. ''Tiffany's 150 Years''. New York: Doubleday, 1987. * Loring, John. ''Tiffany's Palm Beach''. New York: Abrams, 2005. * Loring, John. ''Tiffany Parties''. New York: Doubleday, 1989. * Loring, John. ''Tiffany Pearls''. New York: Abrams, 2006. * Loring, John. ''Tiffany Taste''. New York: Doubleday, 1986. * Loring, John. ''Tiffany Timepieces''. New York: Abrams, 2004. * Loring, John. ''Tiffany's 20th Century: A Portrait of American Style''. New York: Abrams, 1997. * Loring, John. ''The Tiffany Wedding''. New York: Doubleday, 1988. * Newman, Harold. ''An Illustrated Dictionary of Jewelry''. London: Thames and Hudson, 1981. * Phillips, Clare. ''Bejewelled by Tiffany: 1837–1987''. New Haven and London: Yale University Press, 2006. * Proddow, Penny and Debra Healy. ''American Jewelry, Glamour & Tradition''. New York: Rizzoli, 1987. * Proddow, Penny and Debra Healy. ''Diamonds: A Century of Spectacular Jewels''. New York: Abrams, 1996. * Purtell, Joseph. ''The Tiffany Touch''. New York: Random House, 1971. * Ricci, Franco Maria. ''Jean Schlumberger''. Milan: Franco Maria Ricci, 1991. * Schnierla, Peter and Penny Proddow. ''Tiffany: 150 Years of Gems and Jewelry''. New York: Tiffany & Co., 1987. * Snowman, Kenneth A. ''The Master Jewelers''. New York: Abrams, 1990. * Stern, Jewel. ''Modernism in American Silver''. New Haven: Yale University Press, 2005. * Tiffany Retrospective: Designs from Tiffany and Co., 1837–1999. Tokyo and New York: APT, 1999. * Un Diamant Dans La Ville: Jean Schlumberger 1907–1987 Bijoux - Objets. Paris: Musee des Arts decoratifs: 1995. * Venable, Charles L. ''Silver in America 1840–1940: A Century of Splendor''. Dallas, Texas: Dallas Museum of Art, 1994. * Warren, David B. et al. ''Marks of Achievement: Four Centuries of American Presentation Silver''. Houston: Museum of Fine Arts, in association with Harry N. Abrams, Inc., 1987. * Zapata, Janet. ''The Jewelry and Enamels of Louis Comfort Tiffany''. New York: Harry N. Abrams, Publishers, 1993*.


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