Tiffany and Co is a luxury jewelry retail company that has its headquarters in the city of New York. This company is one of the most reputable jewelry companies that offers a variety of products such as jewelry, watches, water bottles, fragrances, china, stationery, personal accessories, crystal and leather goods. The company’s specialty is the luxury goods on its catalogue, with a focus on diamond and sterling silver jewelry.
The company began in 1837, started by Charles Tiffany. Under the leadership of his son, Louis Comfort Tiffany, the company expanded further in the 20th century. The company is now one of the biggest and most recognized jewelry retail companies today. In 2018, the total sales of the company were US $4.44 billion while in 2019, the company had over 326 stores around the world.
History of Tiffany and Co.
Tiffany and Co began in 1837 under John B. Young and Charles Lewis Tiffany. Brooklyn, Connecticut is where the business was located as a retail outlet for fancy goods and stationery. Charles Tiffany’s father financed the business with $1,000 that he took out of the profits of his cotton mill. As of 1838, the company operated in Broadway, Manhattan as “Tiffany, Young and Ellis”. It focused on selling a wide range of stationery items. Charles Tiffany took over the entire company in 1853 and changed the name to Tiffany and Co. He also changed the focus of the business to selling jewelry items.
One of the reasons that Tiffany and Co grew at the time is because the business was operated differently. Unlike other stores then, Tiffany marked its prices to take into consideration haggling over prices that may have occurred over time. They also did not allow purchases on credit and accepted cash payments only. From then on, the company has grown and opened stores in big cities across the United States and around the world. Tiffany and Co was purchases in January 2021 by LVMH for $15.8 billion.
What makes Tiffany and Co. stand out?
The Tiffany and Co website is one of the things that makes this company stand out. Their website is neat and organized, which makes it quite easy to navigate. On the homepage, you can shop by category with the options divided into jewelry, watches, love and engagement, fragrance, home and accessories, men’s and gifts.
Another thing that makes Tiffany and Co stand out is the fact that they grade their own diamonds. A grading report is one of the most essential things that should accompany any diamond. The information on the grading report tells you about the diamond and what qualities it has. Most reputable jewelry retail companies get their diamond grading reports from lands like AGS or GIA.
Tiffany however has their own in house laboratory where they grade their diamonds. For most people, this might be a deal beaker because you may want an impartial third party opinion on the diamond they are getting. For others, it may not be a problem since Tiffany and Co is a big company that has earned its credibility over the years. The grading standards of the company are at par with the GIA standards and this has also made them trustworthy amongst their customers.
Tiffany and Co. Refund Policies and Customer Service
Shipping and Returns
Tiffany and Co has complimentary shipping and returns for all their items. According to their website, they currently do not ship internationally and can only ship online orders within the United States. Shipping takes about 4 to 5 business days and items ordered together may not be shipped together. For an item that you may want to return, Tiffany and Co also offers complimentary shipping. You can either ship the item back or return it to one of the Tiffany and Co stores in the United States. The return has to be made within 30 days and accompanied by the sales receipt. Fragrances must he returned in salable condition and in the original packaging.
Repairs
Tiffany and Co also offers cleaning and repairs for items purchased from them. Their services include the professional cleaning, repair, resizing and polishing of jewelry. They also resize, replace and maintain watches as well as carry out leather repair. Proper care should be taken for all items bought from the company to ensure that they do not get damaged and maintain prime condition.
Customer service
Tiffany and Co value their customers which is why they give special attention to their customer care department. You may contact them if you need help choosing a gift or an engagement ring. They also have one on one appointments either virtually or in-store to assist you. You can either email them, call them or contact a diamond expert. Their hours of operation include 8.00 am to 10.00 pm from Monday to Friday, 9.00 am to 9.00 pm on Saturday and 10.00 am to 9.00 pm on Sundays.
Tiffany and Co. Vs Cartier
When it comes to luxury brands especially jewelry in particular, Tiffany and Co and Cartier are some of the top companies that come to mind. These two companies have built a reputation in the industry and strategically placed themselves in the luxury brand category. A Tiffany and Co. review would therefore not be complete without a comparison of the two.
One of the similarities between Tiffany and Co and Cartier is that these two brands are associated with luxury. Celebrities and wealthy people want to identify themselves with these two companies which is why they target the upper class when it comes to selling their products. While both of them are luxury brands, Tiffany and Co tends to be more common in popular culture compared to Cartier. Cartier is a very high class brand that has even been associated to royalty. This slight difference can be seen in their prices, where although both companies sell high priced jewelry, Tiffany and Co tends to have more affordable options.
A difference between the two comes in the products they offer. Other than wedding and engagement ring options, Tiffany and Co also have some accessories that they offer in their catalogue. Their focus however, is on jewelry items and engagement rings to be specific. Cartier on the other hand, offers a wide range of items that include bags, watches and eyewear. Their watches are some of their most popular luxury items for the richest people around the world, often identified by a deep red case.
Our favorite engagement rings from Tiffany and Co.
Tiffany and Co has some of the most stylish and unique engagement rings. This is clearly visible from how popular their rings are amongst brides to be. These rings come in different designs, shapes, sizes and cuts and display high standard craftsmanship. In this Tiffany and Co review, we feature some of our favorite engagement rings from the company that we think you would also love.
FAQ
Tiffany and Co is so expensive because they offer only exquisite diamonds. Their diamonds are specially selected and crafted into exceptional ring designs. The company is also a luxury brand, which is why their products are highly priced. Their engagement rings are regarded as some of the most iconic rings for a bride-to-be.
Both Cartier and Tiffany and Co are some of the most reputable jewelry retail companies today. They both offer luxury goods that are highly priced. Tiffany and Co however has some more affordable options compared to Cartier though they also have some of the rarest pieces of jewelry. Cartier is a high end luxury brand and their prices match this status.
One of the most special things about Tiffany and Co is the craftsmanship that goes into creating their products. The art of cutting a diamond stone and polishing it requires skill. Tiffany and Co has some of the most talented artisans that follow the highest standards when it comes to crafting their diamonds. Their stone cuts are done with technical precision and passion.
