EditorsNov 06, 2026
The Spectrum Pieces I Can’t Stop Thinking AboutFrom a Betta fish brooch to a “dragon’s trove” of zircon eggs, here are seven pieces that’ve stuck with Associate Editor Lauren McLemore.
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,
Editors' Picks
Sponsored by
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
TrendsNov 06, 2026
Pat Pruitt’s DragonFly Earrings Take Flight on Election NightGroundbreaking New Mexico Governor-elect Deb Haaland wore the earrings, our Piece of the Week, when she declared victory on Tuesday.
MajorsNov 06, 2026
SNL’s Colin Jost Finds the Perfect Gift in Kay Jewelers’ Holiday AdJost goes on an epic journey, traversing rough seas and encountering a cyclops, to discover the perfect holiday gift.
Brought to you by
How Overnight Mountings’ Bridal Builder Makes Custom Engagement Ring Design Easier to SellWith customization becoming more expected in engagement ring shopping, the Bridal Builder makes the process tangible.
Supplier BulletinNov 05, 2026
Winning With GCAL 8X®: What’s Working at the CounterSponsored by GCAL by Sarine
Weekly QuizNov 05, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SurveysNov 05, 2026
What Retailers Should Know About Holiday Shoppers This YearFrom shrinking budgets to AI elves, here are five takeaways from holiday reports by Bain, Adobe, Mastercard, NRF, and insights from YouGov.
CollectionsNov 05, 2026
Judi Powers, Russell Jones Unleash Joy With New CollaborationThe designers combined their talents for Little Pet Portraits, hand-painted miniatures of our best friends set in a piece of jewelry.
Brought to you by
A Diamond Is Forever Launches 2026 Holiday Campaign Championing Natural DiamondsA Diamond Is Forever's holiday campaign reimagines natural diamond icons for a new generation celebrating individuality.
MajorsNov 05, 2026
Ariana Grande Stars In Swarovski’s Holiday Campaign“Joy: The Swarovski Musical” features Ariana Grande as the leading lady in scenes inspired by classic musical montages.
GradingNov 05, 2026
GIA to Offer Next-Day Holiday ServicesThe lab will bring back its complimentary next-day service for some reports starting next week.
CrimeNov 04, 2026
$250K+ in Undeclared Cartier Jewelry Seized at Philadelphia AirportA Pennsylvania woman failed to declare a ring and a bracelet, discarding the boxes and receipts to conceal the purchases, officials said.
Events & AwardsNov 04, 2026
NYC Jewelry Week 2026 Is the Largest Edition YetThe citywide celebration, slated for Nov. 16-22, is set to host more than 175 events, including live jewelry-making demos.
MajorsNov 04, 2026
Bergdorf Goodman Names New PresidentLanessa Elrod, former president and CEO of Louis Vuitton Americas, has stepped into the role as the retailer celebrates 125 years.
AuctionsNov 03, 2026
Infinity Gauntlet Set With 170+ Carats of Colored Gemstones Up for AuctionA replica of one of the most powerful objects in the Marvel Cinematic Universe, the glove is heading to auction next month in Abu Dhabi.
IndependentsNov 03, 2026
Longtime Jewelry Marketer Arthur Klein Dies at 89Klein, who had his own marketing agency and worked for Gabriel & Co. and Trans American Diamond, is remembered as a kind man.
IndependentsNov 03, 2026
Zadok Jewelers Toasts To 50 Years With Diamond Bracelet GiveawayTo enter the giveaway, locals can purchase a featured beverage from one of eight participating restaurants in Houston and Austin, Texas.
Events & AwardsNov 03, 2026
David Yurman Gem Awards Grant Opens 2027 ApplicationsThe grant recipient will be awarded $50,000 as well as mentoring meetings with executives at David Yurman and other industry executives.
Events & AwardsNov 03, 2026
NAJA, Instappraise Name 2026 Scholarship WinnersThe winners include a non-NAJA member seeking training, a member beginning NAJA courses, and a member becoming a Certified Master Appraiser.
AuctionsNov 02, 2026
197-Carat ‘Romanov Sapphire’ Heads to Sotheby’s GenevaThe rare jewel, which has links to Russia’s Romanov dynasty, is estimated to fetch up to $2 million.
CrimeNov 02, 2026
Customs Seizes More Than 400 Fake Audemars Piguet WatchesIt is one of several seizures of counterfeit jewelry and watches by U.S. Customs and Border Protection officials in Louisville this year.
MajorsNov 02, 2026
Lawrence Bock, Caryl Capeci, Amanda Coleman-Phelps Join JA Board Jewelers of America announced the additions to its board of directors following its annual general meeting, held last week.
CollectionsNov 02, 2026
Olympian Kristi Yamaguchi, Heller Jewelers Expand ‘Always Dream’ CollectionThe jewelry collection supports Yamaguchi’s Always Dream foundation, which provides reading and educational resources to families in need.
Events & AwardsOct 30, 2026
Illuminating Carved Paraiba Pendant, Suite of Moonstones Wow at Spectrum AwardsSpectrum’s “Best of Show” honors went to a 101-carat Paraiba carved to look like Medusa that has a magnet-activated LED light.
TrendsOct 30, 2026
Edina Kiss’ Pendants Say ‘Eye’m Watching You’Our Halloween Pieces of the Week are four “Eye” pendants, each set with colorful gemstones.
MajorsOct 30, 2026
The RealReal Hires Former eBay Exec as New Chief Merchandising OfficerAlexis Hoopes expanded eBay’s “Authenticity Guarantee” program during her tenure.
WatchesOct 29, 2026
Bucherer Opens Rolex Boutique in Washington StateThe Rolex-owned retailer’s new 4,700-square-foot store’s façade honors the Pacific Northwest’s evergreen forests.
TrendsOct 29, 2026
Amanda's Style File: All Treats, No Tricks Get into the Halloween spirit with this roundup of 13 spooky jewels.
