[7][8] As of 2023[update], Tiffany operated over 300 stores globally, in many countries including the United States, Japan, and Canada, as well as Europe, Latin America, and the collective Asia-Pacific region, and is exploring opportunities in Africa.
[1] The company's product line features fine jewelry, sterling silver, watches, porcelain, crystal, stationery, haute couture fragrance and personal accessories, and leather goods.
Young,[12] in New York City, as a "stationery and fancy goods emporium", with the help of Charles Tiffany's father, who financed the store for only $1,000 with profits from a cotton mill.
[13] The store initially sold a wide variety of stationery items and, as of 1837, operated as "Tiffany, Young and Ellis" at 259 Broadway in Lower Manhattan.
[4] In 1870, the company built a new store building at 15 Union Square West, Manhattan, which was designed by John Kellum and cost US$500,000.
[18] Renowned for his innovations in stained glass, Louis Comfort Tiffany also made significant contributions to Art Nouveau jewelry.
His pioneering work with iridescent glass, opals, and enamel introduced new techniques in jewelry design, blending organic forms with vibrant colors.
[23] Tiffany’s innovative use of glass, enamel, and opals became a hallmark of his style, creating pieces that shimmered with light and color, adding depth and vibrancy.
[24] These materials were key elements in creating unique jewelry that enhanced Tiffany & Co.'s reputation during the Art Nouveau period.
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.
[43] In early July 2013, former Tiffany & Co. vice president Ingrid Lederhaas-Okun was arrested and charged with stealing and re-selling more than $1.3 million of diamond bracelets, drop earrings, and other jewelry.
[47] 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.
[48] Shortly before his abrupt departure, Cuménal had appointed former Coach designer Reed Krakoff as the company's new chief artistic officer.
[65] The same month, Forbes reported that LVMH had cancelled the deal because Tiffany was paying millions in dividends to shareholders despite financial losses during the COVID-19 pandemic.
[76] When it opened in 1990, the Tiffany & Co. store at Fairfax Square in Tysons Corner, Virginia, became the largest outside of New York City, with 14,500 sq ft (1,350 m2) of retail space.
[79] Tiffany has since opened a further eight stores in Australia, located in Melbourne, Sydney, Brisbane, Perth, Adelaide and the Gold Coast.
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 Great Recession.
This opening followed earlier work between the two companies at Singapore's Changi Airport for which MVRDV created a 3-D printed facade using recycled ocean plastic.
[4] In addition to the mail-order catalog, Tiffany displays its advertisements in many locations, including at bus stops, in magazines and newspapers, and online.
In 2017, Tiffany partnered with American pop star Lady Gaga for an ad campaign promoting the company's HardWear collection.
[95] The campaign incorporated Tiffany's recently acquired robin egg blue painting, Equals Pi (1982), by American artist Jean-Michel Basquiat.
[98][99][100][101] George Frederick Kunz (1856–1932), a Tiffany gemologist, became instrumental in the international adoption of the metric carat as a weight standard for gems.
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.
[105] Tiffany offers jewelry incorporating a wide variety of colored gemstones, including gems it played a role in popularizing, such as tsavorite,[106] kunzite, and morganite.
[110] Tiffany & Co is the maker of the Vince Lombardi Trophy, made for the winner of the NFL team that wins the Super Bowl that year.
[116] In LPL, a trophy was designed by Tiffany and Co. for the new Silver Dragon Cup to commemorate LoL's tenth anniversary in China.
[117] From the 2022 League of Legends World Championship onwards, Tiffany & Co. are the official makers of the newly redesigned Summoner's Cup, which was first awarded to DRX after their 3-2 victory over T1.
[121] In 2018, Tiffany announced a commitment of approximately $1.4 million to Australia for efforts to protect and conserve the Great Barrier Reef.
[124] 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.
[128] The retailer has been mentioned in various works, most notably in the title of the 1958 Truman Capote novella Breakfast at Tiffany's, adapted as the 1961 film starring Audrey Hepburn.