Tiffany & Co.
Tiffany & Co. is an American luxury jewelry and specialty design house headquartered on Fifth Avenue in Manhattan. Tiffany is known for its luxury goods, particularly its sterling silver and diamond jewelry. These goods are sold at Tiffany stores, online, and through corporate merchandising. Its name and branding are licensed to Coty for fragrances and to Luxottica for eyewear.
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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