Market NewsNewsTiffany sales beat market estimates

Tiffany sales beat market estimates

Jeweler Tiffany & Co’s sales and profit beat market estimates, helped by strong demand for its fashion and high-end solitaire jewelry in its first full quarter under new Chief Executive Alessandro Bogliolo, Reuters reported.

Tiffany, whose traditional engagement and solitaire jewelry was popular among baby boomers, has been offering lower priced fashion jewelry in the past year after several quarters of declining sales in the category, said the Reuters report.

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