Tiffany & Co.'s number of retail locations worldwide in 2019, by region
Key Figures of Tiffany & Co.
Tiffany & Co. was founded in the 1830s in New York City as a stationary store and has since become one of the most iconic and sought after jewelry brands in the world. In 2019, the net sales of Tiffany & Co. amounted to 4.42 billion U.S. dollars, down from 4.44 billion U.S. dollars in the previous year. Although the company is best known for its jewelry; Tiffany’s also sells fragrances, tableware, and luxury home goods.
Global Jewelry Market
The global luxury jewelry market was valued at 21 billion euros in 2019, making it the smallest segment of the personal luxury goods market. However, luxury jewelry is also a relatively small share of the total jewelry market, which was valued at 325.5 billion U.S. dollars in 2020 and was expected to grow to 480.5 billion U.S. dollars by 2025. In terms of fine jewelry, necklaces and rings each accounted for a 31 percent share of the global market.