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Tiffany & Co. : History
The daily turnover in 1837 of the shop selling gifts and writing articles opened by Charles LewisTiffany and a friend in New York on borrowed money, was just $4.98.
In 1902 this self-made man left an estate of $35 million.
The continual expansion of his stock into silverware, jewelry and also watches must have made a not inconsiderable contribution to this wealth.
One of his early suppliers from across the Atlantic was Antoine de Patek in 1845.
As the years went by,Tiffany developed into one of the most important clients in the New World.
In 1861, the American company opened an office in Geneva, and in
1872 set up their own watch production.
Four years later they abandoned the enterprise.
From then on, the pocket-watches came mainly from Patek Philippe.
After the turn of the century other Swiss manufacturers, including Audemars Piguet, were also favored with orders.
To avoid the US import duties on complete watches, their cases were made in America.
Today Tiffany & Co. are listed on the New York Stock Exchange.
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