Majors

Tiffany’s Flagship Renovation Delayed Until 2022

MajorsAug 24, 2020

Tiffany’s Flagship Renovation Delayed Until 2022

Non-essential construction stalled in New York City as a result of the COVID-19 pandemic.

Tiffany & Co.’s New York City flagship has temporarily relocated to 6 E. 57th St. while its main store on Fifth Avenue undergoes a renovation. (Photo credit: Rodolfo Martinez)

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.

Lenore Fedowis the associate editor, news at National Jeweler, covering the retail beat and the business side of jewelry.

The Latest

Policies & IssuesMay 14, 2021
Petra Reaches $6M Settlement Amid Claims of Human Rights Abuses

A report by a nonprofit documented an alleged seven deaths and 41 assaults on artisanal miners at the Williamson mine in Tanzania.

AuctionsMay 14, 2021
Phillips’ New Selling Exhibition Celebrates Female Designers

It features pieces from the likes of Solange Azagury-Partridge, Suzanne Belperron, Marina B, and Silvia Furmanovich.

Recorded WebinarsMay 14, 2021
Watch: Dissecting the Vintage Watch Craze

Watchfinder & Co. US Country Manager Edouard Caumon talks the timepieces retaining value and current marketplace trends.

Brought to you by
How to Engage and Sell to Millennials

Millennials were once feared in the diamond industry, but now this younger generation has become today’s largest diamond buying demographic.

TrendsMay 14, 2021
Piece of the Week: Deirdre Featherstone’s Amber Drop Earrings

They’re perfect for welcoming “Springtime in New York.”

Weekly QuizMay 14, 2021
This Week's Quiz
Test your knowledge of jewelry news from the week of May 10-14, 2021.
Take the Quiz
AuctionsMay 13, 2021
The 100-Carat ‘Spectacle’ Diamond Sells for $14M

It sold at the low end of its estimated range at Christie’s jewelry auction in Geneva.

SourcingMay 13, 2021
Fura Gems Launches Membership-Based Marketing Program

The Fura Marketing Council will offer advertising materials, sales training, product promotion initiatives, business consulting, and more.

Brought to you by
A New Golden Age

Gold has had its share of ups and downs over the last 5 decades. Here’s why the metal is having another big comeback.

TechnologyMay 13, 2021
Tacori Bridal Collection Heads to Brilliant Earth

The customization-friendly retailer will carry more than 20 of Tacori’s most popular bridal designs.

×