The superstar’s August engagement put the stamp of approval on an already hot engagement ring trend.
Tiffany Has Better Than Expected Quarter
But the jeweler’s overall outlook remains cautious and it acknowledged that post-election activity around Trump Tower is impacting foot traffic at its flagship store.

New York--Tiffany & Co. reported Tuesday that worldwide sales rose 1 percent year-over-year in the third quarter on the back of strong sales of gold “T” collection jewelry and stabilizing silver sales.
However, the retailer reported a 2 percent drop in comps, weakness in sales of higher-end jewelry and loss of foot traffic at its Fifth Avenue flagship store at an inopportune time of year.
Tiffany’s total sales reached $949.3 million in the third quarter ended Oct. 31, up from $938.2 million in the prior-year period.
Net earnings were up 5 percent.
In the Americas, total sales were down 2 percent in the quarter to $417 million, with a modest decline in the number of units sold offset by an increase in price per unit.
Same-store sales also declined 2 percent.
During the company’s earnings call Tuesday morning, Vice President of Investor Relations Mark Aaron said that U.S. consumers spent less because of macro, market and political uncertainties, while increased spending from tourists from Japan and other countries offset lower spending by Chinese tourists.
Regarding the jeweler’s Fifth Avenue flagship, which has been the subject of numerous post-election impact stories given its proximity to President-elect Donald Trump’s eponymous tower, he said: “What we’ve seen has been some adverse effect on traffic in our flagship store, as well as a continuation of sales softness relative to last year and to our other U.S. stores this year.”
Overall, Aaron called the retailer’s third quarter results “mixed,” with some bright spots in terms of geography and product categories but softness in other areas making it “premature to say that there has been a meaningful turn in the business.”
As of Oct. 31, Tiffany had 313 stores worldwide, including 125 in the Americas, compared with 305 stores a year ago, including 125 in the Americas.
On Tuesday’s call, new Chief Financial Officer Mark Erceg, who started with the company in October, said Tiffany plans to have opened a total of 11 company-operated stores in the full fiscal year, while closing six and relocating six others, including its store in the mall in King of Prussia, Pa.
Overall, Tiffany’s square footage will increase by 3 percent on the year.
He said the company remains cautious in its near-term outlook given that global economic conditions remain volatile.
Erceg too noted “minor disruptions” in foot traffic at the company’s flagship store, which accounted for less than 10 percent of global sales in every quarter last year.
However, given the importance of the holiday selling season, he said Tiffany remains “understandably cautious” in analyzing how this situation might impact sales in the coming weeks.
Tiffany is maintaining its previous guidance of a low single digit drop in sales for the fiscal year.
The Latest

Retailers should offer classic styles with a twist that are a perfect fit for layered looks, experts say.

The nearly 7-carat fancy vivid purplish pink diamond could sell for around $9 million.

As the holiday season quickly approaches, consider stocking one category that sometimes gets overlooked: earrings.

The retailer’s new collection of engagement rings and fashion jewelry is set with natural diamonds that are traceable via blockchain.


Chief Artistic Officer Nathalie Verdeille has reimagined the iconic design in both figurative and abstract creations.

Five dollars buys one vote toward an industry professional you want to see dressed up as a hero, or a villain, this Halloween.

You deserve to know what you are selling–to protect your customers as well as your business and your reputation.

Recently acquired by KIL Promotions, the November edition of the public show in San Mateo, California, will be held Nov. 7-9.

The stone’s two zones, one pink and one colorless, may have formed at two different times, the lab said.

Hollywood glamour meets Milanese sophistication in the design of Pomellato’s new store in Beverly Hills, California.

The New York City store showcases a chandelier with 1,500 carats of lab-grown diamonds designed by an FIT student.

The Museum of Arts and Design's new exhibition features 75 pieces by the designer, best known for her work in the “Black Panther” films.

Making its auction debut, "The Glowing Rose" is expected to fetch $20 million at the November jewelry sale in Geneva.

They were attacked on Oct. 15, as approximately 40 miners without licenses marched on the mine’s gate.

It took the masked thieves less than 10 minutes to steal eight irreplaceable jewels from two display cases in the museum’s Apollo Gallery.

Gemologist Lauren Gayda has previously worked at The Clear Cut, Taylor & Hart, and Effy Jewelry.

In 2026, the jewelry retailer will celebrate a milestone only a small percentage of family-owned businesses survive to see.

The new showcase dedicated to Italian jewelry design is set for Oct. 29-30.

Take a gaze at the sky with this pair of platinum diamond-set star earrings with blue lace agate drops.

Jeffrey Zimmer's decades of leadership at Reeds Jewelers are defined by integrity, a love of sourcing gemstones, and a heart for community.

The new high jewelry design and production process takes 30 days or less from concept to completion, the auction house said.

The holiday catalog for 2025 features never-before-seen images of more than 100 one-of-a-kind masterpieces.

The brand has released a second installment of its collection of traditional and non-traditional commitment heirlooms.

Corey rescued New England chain Day’s Jewelers, preserving its legacy with strong people skills, pragmatism, and a “get-it-done” attitude.

Charles Robinson Shay was sentenced to life in prison plus 120 years while his accomplice, Michael James McCormack, got 75 years.

Timepieces at Luxury will take place at The Venetian and, like Luxury, will be invitation-only for the first two days.