Turnover: 5.3 billion EUR (2022)
Country: United States
- America's most famous jeweler, owned by LVMH
- Tiffany & Co, jeweler owned by LVMH since 2019.
- By 2021, Tiffany & Co estimated to be worth nearly $4.6 billion
News
Tiffany & Co ramps up production in response to rising sales 08/03/2024
- LVMH bought Tiffany & Co for $15.8 billion in 2021.
- - In April 2023, LVMH acquired a majority stake in Platinum Invest, owner of jeweler Orest, for 185 million euros.
- - Orest's Saint-Dié factory will employ 300 people by the end of the year.
- - The Alsatian company's second factory in Erstein employs 400 people.
- - Haute joaillerie sales have increased fivefold in three years.
- - Luxury jewelry is worth 29 billion euros, with growth of 5-6% last year.
- - Tiffany & Co's operating profit has tripled since its acquisition by LVMH.
- - Tiffany & Co's sales forecast for 2023 is 5.4 billion euros.
- - In three years, Tiffany & Co's revenues have increased by two billion euros.
- - Tiffany & Co operates 330 stores worldwide.
- - 40% of Tiffany & Co sales come from the United States.
Tiffany bets on the Vosges 08/03/2024
- LVMH to acquire Orest in September 2023
- sales of €135 million for Orest
- 50% of Orest production to be dedicated to Tiffany, compared with 20% today
- Global (and French) jewelry market growth of 5% to 6% in 2023
- Global jewellery market worth 29 billion euros in 2023
- 350 craftsmen work in Saint-Dié-des-Vosges
- Tiffany sales estimated at 5.4 billion in 2023
- Tiffany's operating profit has tripled since 2021, exceeding one billion euros.
Tiffany & Co in search of global leadership 28/04/2023
- LVMH had finalized the purchase of Tiffany in 2021 for $15.8 billion
- New York store reopens after four years of renovation
- Before closing in 2019, the store accounted for 10% of Tiffany & Co sales
- Tiffany & Co has over 300 stores, including 94 in the United States, its largest market
- Estimated sales of 5.3 billion euros in 2022, up from 4.6 billion in 2021
- Jewelry market: growth of 25%, to 28 billion euros
- Haute joaillerie accounts for around 10% of Tiffany & Co sales and has tripled its revenues since 2020
Jewelry: the new facets of Tiffany | & CoTiffany & Co : Jewelry evolves 28/04/2023
- Founded: 1837 in New York City
- New flagship store on New York's 57th Street
- Total number of stores: 330
- Number of U.S. stores: 94
- Estimated sales, not published: 4.6 billion euros
Studies mentioning this company
The jewellery market - France
Other companies mentioned:
- LVMH Groupe
- Chanel
- Cartier (Richemont groupe)
- Agatha
- Lou Yetu
- Defi International (Emma & Chloe)
- Hermès International
- Thom Group (Smizze, Marc Orian, Histoire d'or)
- Philippe Tournaire Joaillerie
- FG Manufacture (Dior)
- Messika
- Usi2M
- Orest Abysse Group (LVMH)
- Tiffany (LVMH)
- Gemafi Maty
- Courbet
- Dinh van
- Poiray
- Mauboussin
- Van Cleef & Arpels (Groupe Richemont)
- Mikimoto
- Gemmyo
- Pérouse Paris
- Oteline (Dior)
- FM industries Sycrilor
- Salmon Paris
- Valérie Danenberg Paris
- Chaumet (LVMH Groupe)
- Boucheron (Kering Groupe)
- Chopard
- Piaget (Richemont Group)
- Burma
- Fred (LVMH)
- Pomelatto (Kering groupe)
- Repossi (LVMH groupe)
- Qeelin (Kering group)
- Martin du Daffoy
- Bäumer
- Compagnie des gemmes
- Celine (LVMH group)
- Graff Jewels
- Tasaki
- Anna Hu
- Harry Winston (Swatch Group)
- LVMH Montres et Joaillerie
- J Magazine
- Pedemonte (LVMH Groupe)
- MCGP Groupe
- Louis Laurent Joaillier