PGI created the program to accelerate the growth of the platinum jewelry market in the U.S.
Tiffany’s Flagship Renovation Delayed Until 2022
Non-essential construction stalled in New York City as a result of the COVID-19 pandemic.
New York—Tiffany & Co.’s flagship renovation is going to take longer than the jeweler initially expected, according to its recent 8-K filing.
Non-essential construction activity was halted in New York City in response to the COVID-19 pandemic.
First announced in 2018, the renovation of its New York flagship on Fifth Avenue was expected to be completed by the fourth quarter of 2021 but has been pushed back to the spring of 2022.
Tiffany opened its first store in New York City in 1837 but has been in the 10-story location on Fifth Avenue since 1940.
RELATED CONTENT: What Tiffany’s Acquisition Means for the Jewelry Industry
The flagship closed in January for renovations, which are expected to cost upward of $200 million.
The jeweler temporarily relocated around the corner to E. 57th St to Niketown’s former home.
Called The Tiffany Flagship Next Door, the four-level space includes a private selling room on each floor and one VIP salon.
The company has been in the temporary space since January but opened a limited pop-up shop in its original, under-construction location over the holiday season to showcase its new collection of men’s jewelry and other products.
Tiffany will be reporting its second-quarter results on Aug. 27.
Take a tour of Italian designers at COUTURE 2021.
They bought and resold jewels from a South America-based gang that targeted traveling salespeople across the United States.
It’s the follow-up to “Emerald” and “Ruby.”
Graders at HRD Antwerp found this one, a HPHT-treated natural diamond inscribed with the report number of an untreated stone.
Health care coverage is a big expense for small businesses - find out how to lower costs long-term instead of every 12 months.
Plus, jeweler Melissa Quick of Steve Quick Jeweler details what it was like to go through an AML audit.