CrimeDec 17, 2025
Man Pleads Not Guilty to Swallowing Fabergé PendantThe special-edition egg pendant ingested in a New Zealand jewelry store was recovered after a six-day wait.
FinancialsAug 24, 2017
Tiffany’s Q2 Comps in the Americas Down 1%
E-commerce sales contributed to global net sales growth for the jeweler, while lower foreign tourist spending in the Americas was responsible for softness in the region.
Tiffany & Co. saw same-store sales slip in the Americas in the first quarter, though it noted that its Fifth Avenue flagship is no longer a “drag” on the region’s sales.
New York--Tiffany & Co. fared better in the second quarter than it did in the first, with e-commerce helping to boost net sales but lower tourist spending leading to a dip in comps in the Americas.
Total sales in the Americas increased 1 percent year-over-year to $439 million while same-store sales decreased 1 percent.
In the first half of the year, Tiffany’s total sales in the Americas are down 1 percent to $830 million, with a 2 percent decrease in comparable store sales.
Mark Aaron, vice president of investor relations, said during the company’s earnings call Thursday: “We achieved modest top-line growth in the second quarter due to … solid growth in ecommerce sales,” which, he noted, is not calculated in with comparable store sales.
Aaron said that softness was due to less spending by foreign tourists, though he remarked that the New York City Fifth Avenue flagship store was no longer “a drag” on total sales figures for the region as it had been immediately following the election due to its proximity to Trump Tower.
In the Americas, Tiffany added a net total of two stores in the second quarter, opening three and closing one. A store in Vancouver, British Columbia was completely renovated, while a store in Tampa, Florida relocated.
The fourth floor of the New York flagship is currently undergoing renovation and will house a new luxury accessory collection debuting this fall, which Aaron said, “will entice customers with both functional and whimsical design.”
This is one of many new product initiatives the jeweler has planned as part of its strategy to increase comparable store sales.
Tiffany has already begun its rollout of a new fragrance, its first in 15 years, and Aaron said that a women’s watch collection is forthcoming this year.
Aaron said that in addition to the continuous introduction of new product, Tiffany would also focus on “optimizing global distribution through store openings, renovations and some select closings,” and continue to focus on brand awareness through marketing.
Overall in the Americas, fashion jewelry was on the rise in the first half. Tiffany defines its fashion jewelry as its silver and gold, non-gemstone pieces.
Aaron remarked that the new HardWear collection performed well, as did the T and 1837 collections. The Paloma Picasso and Elsa Peretti collections also performed solidly, particularly the new Paloma Picasso Melody range.
Meanwhile, Tiffany’s pricier offerings, bridal and high jewelry, underperformed.
Globally,
net sales in the second quarter increased 3 percent to $960 million, though comparable store sales declined 2 percent. On a constant-exchange-rate basis, global net sales increased by 4 percent in the quarter, while comparable store sales decreased 1 percent.
Tiffany experienced an increase in wholesale diamond sales, increased wholesale sales in the Asia-Pacific region, and saw solid e-commerce sales growth, all of which boosted net sales. Softness was attributed to a decrease in bridal and high jewelry sales.
Global net sales in the first half increased 2 percent to $1.9 billion, but comparable store sales were down 2 percent due to the same trends. On a constant-exchange-rate basis, net sales rose 3 percent and comparable store sales decreased by 1 percent.
Tiffany Chief Financial Officer Mark Erceg said that Tiffany’s outlook for the year hadn’t changed and that improvements had been made with the company’s gross margins, in part due to the streamlining of operations, which the company will continue to implement in the future.
Tiffany experienced an increase in wholesale diamond sales, increased wholesale sales in the Asia-Pacific region, and saw solid e-commerce sales growth, all of which boosted net sales. Softness was attributed to a decrease in bridal and high jewelry sales.
Global net sales in the first half increased 2 percent to $1.9 billion, but comparable store sales were down 2 percent due to the same trends. On a constant-exchange-rate basis, net sales rose 3 percent and comparable store sales decreased by 1 percent.
Tiffany Chief Financial Officer Mark Erceg said that Tiffany’s outlook for the year hadn’t changed and that improvements had been made with the company’s gross margins, in part due to the streamlining of operations, which the company will continue to implement in the future.
More on Financials
The Latest
EditorsDec 17, 2025
2025 Jewelry Rewind: The Best Piece of the Week PicksAssociate Editor Natalie Francisco plays favorites with Piece of the Week, selecting a standout piece of jewelry from each month of 2025.
CollectionsDec 17, 2025
Lucy Hale Stars in Jacquie Aiche’s Holiday CampaignThe “Love and Desire” campaign is inspired by the magic that follows when one’s heart leads the way, said the brand.
Brought to you by
Impacting Tomorrow TodayHow Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.
GradingDec 17, 2025
SSEF Announces 2025 Scholarship WinnersTwo awardees will receive free tuition for an educational course at the Swiss lab, with flights and lodging included.
Weekly QuizDec 11, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsDec 16, 2025
Pandora’s New CEO Will Step Up EarlyBerta de Pablos-Barbier will replace Alexander Lacik at the start of January, two months earlier than expected.
AuctionsDec 16, 2025
Suzanne Belperron, JAR Shine in Sotheby’s First Auctions at New HQSotheby’s held its first two jewelry sales at the Breuer building last week, and they totaled nearly $44 million.
Brought to you by
Roseco Releases New Full-Line CatalogRoseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.
Events & AwardsDec 16, 2025
TJS Now Accepting Scholarship Applications for 2026Winners will receive free registration and lodging for its fourth annual event in Detroit.
ColumnistsDec 16, 2025
Beyond Unboxing: Creative Reveals to Drive Reach and EngagementHere are six ideas for making more engaging content for Instagram Reels and TikTok, courtesy of Duvall O’Steen and Jen Cullen Williams.
Events & AwardsDec 16, 2025
Diamonds Do Good Names 2026 Award RecipientsThe honorees include a notable jewelry brand, an industry veteran, and an independent retailer.
CrimeDec 15, 2025
Men Receive Life Sentences in Home Invasion Murder of Jeweler Carlos Jose Hernandez and Joshua Zuazo were sentenced to life without the possibility of parole in the 2024 murder of Hussein “Sam” Murray.
Policies & IssuesDec 15, 2025
Sara Yood Named Co-Chair of RJC Standards CommitteeYood will serve alongside Eduard Stefanescu, the sustainability manager for C.Hafner, a precious metals refiner in Germany.
IndependentsDec 15, 2025
M.S. Rau to Open Store in AspenThe New Orleans jeweler is also hosting pop-up jewelry boutiques in New York City and Dallas.
AuctionsDec 12, 2025
13.54-Carat Paraíba Tourmaline Sets Records at Christie’sSet in a Tiffany & Co. necklace, it sold for $4.2 million, the highest price and price per carat paid for a Paraíba tourmaline at auction.
MajorsDec 12, 2025
David Webb Reveals Ice-Cold Holiday Window DisplayThe jeweler’s “Deep Freeze” display showcases its iconic jewelry designs frozen in a vintage icebox.
CollectionsDec 12, 2025
Piece of the Week: Oscar Heyman’s Sphene RingTake luxury gifting to new heights this holiday season with the jeweler’s showstopping 12-carat sphene ring.
Events & AwardsDec 12, 2025
IGI Jewelry Design Contest Now Accepting SubmissionsThis year's theme is “Unveiling the Depths of the Ocean.”
TrendsDec 11, 2025
Pinterest 2026 Trend Report: Brooches, Bold Gold, Cool BlueIn its annual report, Pinterest noted an increase in searches for brooches, heirloom jewelry, and ‘80s luxury.
GradingDec 11, 2025
GIA to Offer Origin Determination for 3 More GemstonesStarting Jan. 1, customers can request the service for opal, peridot, and demantoid garnet.
IndependentsDec 11, 2025
Look Inside Day’s Jewelers’ Ninth StoreThe 111-year-old retailer celebrated the opening of its new location in Salem, New Hampshire, which is its third store in the state.
MajorsDec 11, 2025
Americas Gold Releases New Gold Chain CatalogThe new catalog features its most popular chains as well as new styles.
AuctionsDec 10, 2025
Francis Ford Coppola’s Watch Sells for $10.8MThe filmmaker’s personal F.P. Journe “FFC” prototype was the star of Phillips’ recent record-setting watch auction in New York.
WatchesDec 10, 2025
There’s A New Rolex Boutique in MiamiThe new location in the Design District pays homage to Miami’s Art Deco heritage and its connection to the ocean.
SurveysDec 10, 2025
Consumer Confidence Drops in November Inflations, tariffs, and politics—including the government shutdown—were among consumers’ top concerns last month.
SourcingDec 10, 2025
NAJA Announces Details for 2026 ‘Ace It’ Winter Conference“Longtime favorite” presenters, as well as first-time speakers, will lead talks and workshops at the annual event in Tucson next year.
Events & AwardsDec 10, 2025
MJSA Names 2025 Responsible Design Challenge WinnerSilas Smith of Meridian Metalworks won the challenge with his pendant that blends Australian and American landscapes.
