AuctionsMar 20, 2026
Sotheby's, De Beers Unveil ‘Jwaneng 28.88’ DiamondThe flawless, Type IIa stone is estimated to achieve up to $2.8 million at the auction house’s high jewelry sale in April.
FinancialsNov 28, 2018
Tiffany’s Same-Store Sales in the Americas Rise 5%
Lower spending by Chinese tourists put a dent in the jeweler’s third quarter results.
This fall, Tiffany introduced “True,” its first new engagement ring line since 2011. Sales of engagement jewelry grew 2 percent in the third quarter and are up 7 percent year-to-date, the retailer reported Wednesday.
New York—Lower spending by Chinese tourists at Tiffany stores in the United States and Hong Kong put a dent in the jeweler’s third quarter results despite higher spending by locals.
Tiffany & Co. reported Wednesday that for the third quarter ended Oct. 31, same-store sales in the Americas rose 5 percent over last year and are up 7 percent year-to-date.
Net sales are up 5 percent (6 percent on a constant-exchange-rate basis) year-over-year to $442 million. Year-to-date, net sales in the region have risen 7 percent to $1.3 billion.
Worldwide, Tiffany saw same-store sales increase 2 percent (3 percent on a constant-exchange-rate basis) year-over-year in the quarter and net sales climb 4 percent (5 percent on a constant-exchange-rate basis) to $1.0 billion.
Year-to-date, net sales are up 9 percent and same-store sales have risen 6 percent on a constant-exchange-rate basis.
Product-wise, sales of jewelry collections—items like Tiffany T, Return to Tiffany and the new Paper Flowers collection—were stronger than any other category, rising 8 percent year-over-year in the third quarter. They are up 15 percent year-to-date.
Sales of design jewelry (Elsa Peretti, Paloma Picasso, etc.), meanwhile, fell 8 percent in the period but are up 3 percent year-to-date.
Engagement jewelry sales rose 2 percent in the third quarter and have increased 7 percent year-to-date.
During the company’s earnings call Wednesday morning, CEO Alessandro Bogliolo said the third quarter results were “close to our expectations,” with lower spending by Chinese tourists visiting Hong Kong and the United States and lower wholesale travel-retail sales in Korea subtracting from increased spending by locals in each market.
Analysts on the call asked numerous questions about customer response to the changes Tiffany has made over the past few months, including its new jewelry marketing campaign and the introduction of fresh product, like Paper Flowers and the new “Tiffany True” engagement ring.
RELATED CONTENT: Here’s What Tiffany’s New Engagement Ring Looks Like“As management our, my, constant obsession is to see day to day how these (changes) impact the fundamentals of our business,” Bogliolo said in response to one analyst.
The overall results have been positive.
Over the last nine months, he said Tiffany has seen a “substantial” increase in traffic in both its physical stores and website, and the conversion rate is up in the third quarter and year-to-date, he said.
Tiffany is increasing sales is both new and existing customers, with Bogliolo noting on the
call: “The new messaging of the brand is resonating with new customers, but it is not alienating existing customers.”
When asked about the jeweler’s plans for next year, he did not provide any specifics, stating only that Tiffany has a “strong pipeline” for innovation for next year.
Tiffany’s outlook for the fiscal year remains unchanged; it forecasts a mid-single-digit increase in same-store sales for the year, with Bogliolo noting that the retailer just entered its most critical period of the year, the fourth quarter.
“Internally we have [done all]—product, marketing, training, CRM—that we could do. Now everything is in the hands of customers and their propensity to buy.”
Tiffany has opened nine stores and closed three globally so far this year.
As of Oct. 31, the retailer operated 321 worldwide, including 124 in the Americas. At this time last year, Tiffany had 315 stores, including 125 in the Americas.
When asked about the jeweler’s plans for next year, he did not provide any specifics, stating only that Tiffany has a “strong pipeline” for innovation for next year.
Tiffany’s outlook for the fiscal year remains unchanged; it forecasts a mid-single-digit increase in same-store sales for the year, with Bogliolo noting that the retailer just entered its most critical period of the year, the fourth quarter.
“Internally we have [done all]—product, marketing, training, CRM—that we could do. Now everything is in the hands of customers and their propensity to buy.”
Tiffany has opened nine stores and closed three globally so far this year.
As of Oct. 31, the retailer operated 321 worldwide, including 124 in the Americas. At this time last year, Tiffany had 315 stores, including 125 in the Americas.
More on Financials
The Latest
TrendsMar 20, 2026
‘Frankenstein’ Costume Designer Is Bejeweled In Brooches for Oscars WinCostume designer Kate Hawley wore three archival Tiffany & Co. brooches, our Pieces of the Week, while accepting her first Oscar.
SurveysMar 19, 2026
NRF Forecasts 4% Retail Sales Growth in 2026From a weaker labor market to inflation, NRF Chief Economist Mark Mathews gave insight on what retailers can expect this year.
Brought to you by
Protect Your Customers and Your BusinessYou deserve to know what you are selling–to protect your customers as well as your business and your reputation.
AuctionsMar 19, 2026
26-Carat Diamond Tops $1M at AuctionThe historic stone, which sold at Elmwood’s in London, is the largest white diamond to be offered on the U.K. market in more than a decade.
Weekly QuizMar 19, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Events & AwardsMar 19, 2026
JCK Rocks To Ride With NellyThree-time Grammy award-winning artist Nelly is set to perform at the annual event at Tao Beach in Las Vegas on May 31.
AuctionsMar 18, 2026
Collection of the ‘Severely Beautiful’ Lady Wardington Fetches $161KThe model and fashion editor’s gold evening bags were the top lots at the London sale, going for more than $25,000 each.
Brought to you by
Is This You? Every Jeweler Has This Problem; We Have the Solution.Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.
PodcastsMar 18, 2026
Episode 3: An Interview With Jewelry Designer Johnny NelsonFresh off winning the David Yurman Gem Awards Grant, Nelson discusses the ring that launched his career and his plans for the future.
SourcingMar 18, 2026
Lucara Recovers Nearly 37-Carat Blue DiamondThe “stunning” Type IIb stone was found via x-ray technology at its Karowe mine in Botswana.
MajorsMar 18, 2026
Stuller Releases New Edition of Jewelry Education Book“The Basics of Jewelry” has been updated to include modern topics and visuals.
Events & AwardsMar 17, 2026
The Best Moments From the 2026 Gem Awards Held just before the Oscars, the jewelry industry’s big awards show had its share of standout jewelry, gowns, and acceptance speeches.
SourcingMar 17, 2026
Cruzeiro Mine Debuts ‘Winter Tourmaline’The Brazilian mine’s new collection features cabochons in soft, muted shades like silver and lilac.
TrendsMar 17, 2026
Natalie Portman Is Tiffany & Co.’s New AmbassadorThe Academy Award-winning actress stars in Tiffany & Co.’s latest commercial, which debuted Sunday night during the Oscars.
MajorsMar 17, 2026
Kering Establishes Jewelry Division, Appoints CEOThe organizational change follows Kering’s promise of a transformation after declining sales in 2025.
EditorsMar 16, 2026
2026 Oscars Jewelry: One Necklace After AnotherNatalie Francisco rounds up the top Oscars jewels, including Rose Byrne’s Taffin necklace with a more than 20-carat yellow-brown diamond.
WatchesMar 16, 2026
TAG Heuer Has a New CEOBéatrice Goasglas has been with TAG Heuer since 2018. She is the first woman to head the 166-year-old, LVMH-owned watch brand.
IndependentsMar 16, 2026
Ben Bridge Debuts New Honolulu BoutiqueThe store features the first in-store build for the jeweler’s in-house “Bella Ponte” bridal brand.
AuctionsMar 16, 2026
Bonhams Paris To Offer Antique, Signed Jewels The live fine jewelry auction will take place later this week, showcasing antique pieces, rare gemstones, and signed jewels.
CollectionsMar 13, 2026
A Trio of Jewels from the 3 Gem Award Nominees for Jewelry DesignOur Pieces of the Week honor the 2026 nominees for the Gem Award for Jewelry Design, Silvia Furmanovich, Cece Fein-Hughes, and Catherine Sarr.
WatchesMar 13, 2026
Citizen, Vera Wang to Launch Watch CollectionThe 24-piece watch collection is set to debut in spring 2027.
SourcingMar 13, 2026
Andrea Pooler Joins Third-Generation Diamond Company as COO Pooler, who has more than 25 years’ experience in jewelry, is now chief operating officer of Modani Jewels, Soham Diamonds, and SNJ Creations.
MajorsMar 13, 2026
24 Karat Club of New York’s Banquet to Return to Waldorf AstoriaThe reopening of the Waldorf Astoria means a homecoming for the industry group’s annual event, which will take place Saturday.
CollectionsMar 12, 2026
Jessica McCormack Sends Gold, Gemstones Into ‘Orbit’McCormack looked to the 19th century’s “golden age” of astronomy when designing her new celestial-themed collection.
Events & AwardsMar 12, 2026
Johnny Nelson Wins David Yurman Gem Awards GrantNelson will be honored as the inaugural grant winner at the Gem Awards gala on Friday.
TechnologyMar 12, 2026
Caratwise Launches, Names Former Signet Exec CEO The new smart design software allows jewelers to configure, price, and confirm a custom engagement ring in real time for in-store customers.
SourcingMar 12, 2026
Grandview Klein Opens New Factory in South Africa The 10,000-square-foot diamond manufacturing facility officially opened in late February and employs 50 people.
