Yellow Diamonds Help Push Tiffany’s Profit Up 50 Percent

Forbes reported that Tiffany & Co. (NYSE:TIF) believes its yellow diamond collection is partially responsible for the 50-percent increase in profit it saw during the third quarter of this year.

As quoted in the market news:

‘Worldwide sales growth in the quarter demonstrated the growing power of the Tiffany & Co. brand and the benefits of our expanding global presence,’ Michael J. Kowalski, Tiffany chairman and CEO, said in a statement Tuesday morning. ‘Operating earnings rose faster than sales, reflecting favorable product cost trends and ongoing well-controlled expenses. We’re experiencing excellent customer response to our expanded fashion jewelry designs, highlighted by the ATLAS collection, as well as continued growth in our fine and statement jewelry, with particular strength in our yellow diamond collection.’

Click here to read the full Forbes report.