However, Tiffany’s worldwide net revenue improved 7% to $952 thousand during this festive season and that became possible due to the double-digit revenue improvement of 19% within Asia-Pacific. Japan too registered a double digit growth of 13% in revenue and though the increases in Europe as well as Americas were much smaller, they were enough to make this improved growth happen. Tiffany also said its store sales went up by 4%. The sales of wholesale finished products as well as rough diamonds too rose by 8%.

According to Michael J. Kowalski, the chairman as well as chief executive officer for Tiffany, “After notching up excellent sales figures during the first nine months of the year,  the momentum could not be continued going into the festive season in both the United States and parts of Europe. It clearly showed that consumer were rather cautious in their spending when it came to fashion jewelry. But thanks to the yearend closing results, we now believe that there would be a handsome increase of between 22%-25% on the earnings per share. We are however, not factoring in the non recurring expenditure into this guidance which is $0.20 for every share.”

He went on to add, “This guidance is a preliminary one based on our initial planning for 2012. We will be providing a more comprehensive one after we are through with the financial year results by March end. As of now, we are upbeat and feel that we can leverage our increasing presence in various countries in the globe to good effect. That will enable us to meet ambitious targets for the year 2012 even if the economic situation continues to stagnate.”

About Tiffany

Tiffany & Co which operates mainly through subsidiaries is the holding company is in the business of operating retail and boutique outlets for jewelry. It also has other items like china, time pieces, stationery, fragrances and crystal that it displays and sells through these outlets. Tiffany & Co also designs and manufactures jewelry items.

Any kind of pearl jewelry one can imagine is available at www.wpearls.co.uk, including necklaces, bracelets, earrings, pendants, rings and brooches. Pearl sets are also in stock, and people don’t have to sacrifice quality to obtain affordable pearl jewelry.

“We have a whole range of products from the top best Tahitian/Southsea pearls to the low end freshwater 5mm cheap pearl jewelry in our online catalog,” the website explains.

The site features beautiful pearl jewelry up to 80 percent off the retail value. This holiday season, Wpearls.co.uk is offering additional discounts on products.

Wpearls.co.uk also features useful information about the different types of pearls and provides knowledge about pearl quality and grading. The site also gives valuable tips about pearl care, noting that items people come into contact with every day can harm pearls. For example, cosmetics such as hairspray, perfume and make-up contain chemicals that may leave pearls dull and pitted.

When customers shop at Wpearl.co.uk, they will experience free and fast delivery. Items usually arrive within two to three days, and orders that cost more than £50 are sent via Royal Mail Special Delivery on the next working day. If a customer is not completely satisfied, they will receive a full refund.

Besides benefiting from a significant discount on the retail price of pearls, shoppers will also experience excellent customer service and guaranteed authenticity. When purchasing a pendant, customers will receive a 925 silver necklace chain for free.

To view the online catalog of affordable pearl accessories, visit www.wpearls.co.uk.

Contact Information:

Frank Wang

Wpearls

139 Tavistock Road,

Fleet,

UK

GU51 4EE

07837 633216

URL: http://www.wpearls.co.uk/

This dividend declaration coming as it does after Tiffany made its intentions clear of opening two retail outlets – one at SoHo and Prague has been welcomed by the industry. It reflects guarded optimism for the future about consumer demand for its various products like Tiffany engagement rings, Tiffany bracelets, silver and diamond rings and so on.

Its decision to go to Prague marks its first foray into the Eastern Europe market. According to Melvyn Kirtley, the Vice President for the Group in Europe, it indicates a strategic move by the brand to get into more markets within Europe. “We wish to offer our full range of Tiffany jewellery to consumers in this culturally rich city and are confident that we would be able to complement that with excellent customer service. Our customers have high expectations from us and we will surely live up to them,” he said.

The 240 square meter retail outlet has all the typical elements of a Tiffany store, borrowing heavily as it does from the flagship outlet design at New York. The famous Tiffany blue color and the subtle wheat leaf as well as floral patterns would be incorporated into the custom furnishings. The store would be open to the public in the summer of 2012 and is located at 10 Pařížská Street.

Tiffany & Co would be displaying its latest range of Tiffany jewelry specialties like diamonds set in platinum, 18 karat gold and silver Tiffany rings and accessories like fragrances as well as crystal. This store would not be as large as the one they have planned to open at New York’s SoHo though. That outlet would occupy about 7000 square feet and is scheduled to open in September 2012.

About Tiffany

Tiffany & Co which operates mainly through subsidiaries is the holding company is in the business of operating retail and boutique outlets for jewellery. It also has other items like china, time pieces, stationery, fragrances and crystal that it displays and sells through these outlets. Tiffany & Co also designs and manufactures jewelery items.

Barack Obama, a 47-year-old first-term senator from Illinois, shattered more than 200 years of history Tuesday night by winning election as the first African-American president of the United States.

A crowd of nearly a quarter-million jammed Grant Park and the surrounding area in Chicago, where Obama addressed the nation for the first time as its president-elect at midnight ET. Hundreds of thousands more — Mayor Richard Daley said he would not be surprised if a million Chicagoans jammed the streets — watched on a large television screen outside the park.

“If there is anyone out there who doubts that America is a place where anything is possible, who still wonders if the dream of our founders is alive in our time, who still questions the power of our democracy, tonight is your answer,” Obama declared.