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Christmas at Tiffany’s: How to Do It on the ‘Cheap – Yahoo Finance

Christmas at Tiffany’s: How to Do It on the ‘Cheap  – Yahoo Finance

When it comes to luxury goods, there aren’t many names that come to mind more than Tiffany (TIF). And that’s certainly understandable, considering the New York jewelry seller is one of the few companies capable of offering single items that cost more than $1 million.

Now that is luxe. However, even at Tiffany, known for its diamonds and platinum bands, seven-figure price tags are exceedingly rare.

On Tuesday Tiffany reported earnings for the latest quarter that were strong, giving the company room to raise its profit forecast for the full year. Word that its deep-pocketed clientele is doing all right sent shares soaring more than 8% to an all-time high above $87. (The stock is up 53% year-to-date.)

As an exercise, we wanted to see what it would cost you to purchase the single most expensive item from each of the eight main sections Tiffany breaks out for jewelry. Total damage? $11,467,325. Again, that’s for only eight items — a bracelet, a brooch, a charm, a set of earrings, a necklace, a ring, one wedding band and the priciest piece of men’s jewelry. The single most expensive of them all is the Diamond Fringe Necklace, which will set you back $7 million on its own. Not a misprint.

But wait. It doesn’t have to be this way. The good news for the bargain shopper, bargain being relative, is that you actually can get a pretty serious haul at Tiffany for much, much less. Read More >>>

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