MajorsOct 23, 2026
PGI USA Set to Close at Year’s EndThe closure is part of a global restructuring that also includes PGI winding down its operations in Japan, South Korea, and Hong Kong.
FinancialsMar 22, 2019
Tiffany Q4 Sales Dragged Down by Weak Holiday Season
Global sales dipped 1 percent in the fourth quarter, a disappointing ending to an otherwise strong year.
Iconic jeweler Tiffany & Co.’s worldwide sales fell by 1 percent in the fourth quarter.
New York—Tiffany & Co.’s worldwide sales dipped by 1 percent in the fourth quarter, weighed down by a weak holiday season.
The retailer had attributed its disappointing holiday sales to a decrease in spending by Chinese tourists and softening demand in the Americas and Europe.
Fourth-quarter net sales totaled $1.32 billion, compared with $1.33 billion in the fourth quarter 2017.
Sales in the Americas, where the most Tiffany stores are located, were flat compared with a year ago at $618 million, which the company said was due to foreign tourists spending less. Same-stores sales were flat as well.
European sales were down 3 percent to $162 million, again linked to a decline in tourist spending. Same-store sales dipped by 5 percent.
Asia-Pacific sales, meanwhile, declined 1 percent to $316 million as sales slowed in mainland China, and same-store sales were down by 3 percent.
Japan was the exception, reporting a 3 percent increase in sales to $196 million, as both locals and foreign tourists spent more. Comps climbed 3 percent.
Sales from the “other” segment, which includes five Tiffany stores in the United Arab Emirates, were down 25 percent to $29 million due to a decline in wholesale sales of diamonds as well as a dip in same-store sales.
In terms of categories, jewelry collection sales, which includes lines like Tiffany T and Paper Flowers, rose by 3 percent in the fourth quarter. Engagement jewelry sales fell 3 percent, and sales of jewelry from designers Elsa Peretti, Paloma Picasso and Tiffany & Co. Schlumberger dropped 8 percent.
The fourth-quarter decline capped off what was otherwise a strong year for Tiffany.
Worldwide net sales for the full year climbed 7 percent higher to $4.4 billion with same-stores sales up 4 percent.
Total annual sales in the Americas rose by 5 percent, clocking in at $2 billion, while same-store sales for the region increased by 5 percent.
Looking to fiscal 2019, the company forecasts worldwide net sales to increase by a low-single-digit percentage.
Net sales are expected to decrease in the first half of the year due to a dip in tourism spending, a stark contrast to the nearly 7 percent increase in revenue analysts had forecasted.
Despite the lackluster results, CEO Alessandro Bogliolo said that he continues to “strongly believe that Tiffany has vast global growth opportunities, and we look forward to realizing our full potential in the future.”
As of Jan. 31, there were 321 Tiffany stores in operation, compared
with 315 a year ago.
More on Financials
The Latest
SourcingOct 23, 2026
Rachel Chalchinsky’s ‘Survivor Tribute’ RingThe ring, our Piece of the Week, was designed by eight-year breast cancer survivor Rachel Chalchinsky of Color Source Gems.
TechnologyOct 23, 2026
JA Unveils New Website, LogoThe website offers enhanced member benefit access, industry directories, educational resources, a job board, and access to the MJSA Journal.
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.
CrimeOct 22, 2026
Jeweler Shot and Killed in His Suburban Cincinnati Store Tara Sinchuri was the owner of Everest Jewels in Fairfield, Ohio, and a father of three. He was found dead in his store on Tuesday.
Weekly QuizOct 22, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
MajorsOct 22, 2026
Neiman Marcus Has Gifts for the Jewelry Lover Who Has EverythingBespoke experiences from Buccellati and Verdura are on the retailer’s 2026 “Fantasy Gifts” list.
Events & AwardsOct 22, 2026
JIS Fall 2026 Reports Record-Breaking Attendance The number of participants at the fall show was up 12 percent.
Brought to you by
Open an Account, Get $50 Off Your First Order. No Code Needed.Built on Relationships. Refined by Craft.
CollectionsOct 22, 2026
Billie Eilish, Finneas Co-Design Collection for John HardyThe Academy and Grammy award-winning siblings have collaborated with John Hardy on a new jewelry line inspired by their personal style.
PodcastsOct 21, 2026
Episode 10: This Episode Is Haunted Diana Singer shared the stories of two “cursed” diamonds on this month’s podcast, which was inexplicably riddled with technical issues.
IndependentsOct 21, 2026
Gardner-Collier Jewelry to Close After 9 Decades in BusinessThe family-owned jeweler has three locations across Missouri and Iowa.
SourcingOct 21, 2026
Venetia Mines Final Carats Ahead of 2-Year ShutdownThe De Beers-owned diamond mine in South Africa is being put on ice as part of a round of previously announced cost-cutting measures.
CollectionsOct 21, 2026
Helzberg, Nordstrom Carrying New Jewelry Collection From Off-WhiteThe collection centers designs with clean geometric lines, chunky sculptural pieces, and recognizable details from the luxury fashion brand.
SourcingOct 21, 2026
Gemfields’ Mixed-Quality Ruby Auction Earns $52MThe miner said it saw particularly strong prices for larger, fine-quality rubies at the sale.
CrimeOct 20, 2026
Security Guard Charged With Murder in Shooting at Texas MallThe guard opened fire on a man who was smashing a jewelry display case at La Gran Plaza in Fort Worth last week, police said.
IndependentsOct 20, 2026
David Gardner’s Jewelers Unveils Newly Expanded, Revamped ShowroomThe Texas jeweler added 2,000 square feet to its reimagined showroom, complete with a new design studio and an event space.
SourcingOct 20, 2026
The $50M Victoria’s Secret ‘Fantasy Bra’ By The NumbersJacob & Co.'s diamond masterpiece is the most expensive Fantasy Bra ever worn on the Victoria’s Secret Fashion Show runway.
CollectionsOct 20, 2026
Mignon Faget’s Collection Chooses Handmade Over AIThe “Atelier” collection was inspired by the tools, rituals, and objects in an artist’s studio as a quiet rebuttal to an automated world.
MajorsOct 19, 2026
The Knot to Acquire Rival Wedding Planning Platform ZolaThe pending acquisition is an “exciting opportunity” for wedding vendors to grow their business, said The Knot Worldwide’s CEO.
SourcingOct 19, 2026
Jewelry Design Competition Show Airs in Thailand"The Secret Gems" features eight Thai jewelry brands paired with a team of young craftspeople who create jewelry together to win challenges.
CollectionsOct 19, 2026
John Hardy Enters the Medallion Chat With Talisman Collection The brand’s “Modern Talisman” capsule collection introduces pendants inspired by the mythology, natural world, and spiritual ethos of Bali.
IndependentsOct 19, 2026
The Stories of 5 Jewelers Celebrating Their Centennials in 2026Independent jewelers from New Mexico to New Jersey answer the question: What has kept your store in business for 100 years?
SurveysOct 16, 2026
How Inflation, Gas Prices Will Affect Holiday Sales The NRF is expecting holiday sales to increase this year, but consumers and retailers alike are facing Grinch-like headwinds.
CollectionsOct 16, 2026
Christina Puchi’s Earrings Hold the UniverseOur Piece of the Week gathers the planets, represented by a variety of colored gemstones, in a pair of 14-karat yellow gold earrings.
IndependentsOct 16, 2026
Reeds Jewelers Expands, Relocates FlagshipThe New York-based jeweler is moving its Amherst flagship store to a larger location in nearby Snyder.
MajorsOct 16, 2026
Katy Chen Appointed Executive Vice President of Graff USA Chen, who worked at Cartier and Tiffany & Co., will lead retail sales and operations for the luxury jeweler’s 11 U.S. stores.
IndependentsOct 15, 2026
Retailer Hall of Fame 2026: Amy and Elise Greenberg For 40 years, sisters Amy and Elise Greenberg have helmed their 126-year-old family business, leading with appreciation and integrity.
