Luxury

Is Tiffany Still Golden?

Hold the diamonds! Tough times have finally fallen on Tiffany & Co. Sales fell 20 percent—from $1.05 billion to $841.2 million—and profits fell to 25 cents a share. But the old stalwart is staying strong: the company says it will not crack under pressure and slash prices like everyone else these days, instead, they plan to open 13 stores this year.