Tiffany & Co.
Some of the key events about Tiffany & Co.
- 1837Established as a "stationery and fancy goods emporium" in New York City
- 1851Introduced the 925/1000 sterling silver standard in the United States
- 1861Supplied swords and other military goods to the Confederacy during the American Civil War
- 1878Acquired a 287.42-carat fancy yellow diamond, later known as the Tiffany Diamond
- 1886Introduced the Tiffany Setting, a six-prong ring design that became iconic for engagement rings
- 1887Purchased the French Crown Jewels, raising concerns about cultural heritage preservation
- 1902Appointed as the official maker of Congressional Medals of Honor
- 1940Faced criticism for continuing to operate in Nazi-occupied countries during World War II
- 1956Commissioned to design the Medal of Freedom for President Eisenhower
- 1968Designed the White House china service for President Johnson
- 1978Opened its first international store in London, marking the beginning of global expansion
- 1978Pleaded guilty to selling falsely stamped jewelry in a tax evasion scheme
- 1991Accused of price-fixing in the diamond industry
- 2000Established the Tiffany & Co. Foundation to support environmental and cultural causes
- 2004Sued by Costco for alleged anti-competitive practices
- 2012Launched the Tiffany Diamond Academy to train future generations of diamond cutters and polishers
- 2012Criticized for inadequate disclosure of conflict minerals in their supply chain
- 2013Former executive accused of stealing $1.3 million worth of jewelry from the company
- 2015Faced allegations of gender discrimination in pay and promotion practices
- 2019Accused of misleading Chinese consumers about the origin of some diamonds
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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Massachusetts' highest court will decide on the ownership of a $70,000 engagement ring after a canceled wedding. The case could modernize state law and potentially impact engagement ring disputes nationwide.
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