Tiffany sells jewellery, sterling silver, china, crystal, stationery, fragrances, water bottles, watches, personal accessories, as well as some leather goods. Many of these goods are sold at Tiffany stores, as well as through direct-mail and corporate merchandising. Tiffany is renowned for its luxury goods and is particularly known for its diamond and sterling silver jewellery. Tiffany markets itself as an arbiter of taste and style.
Founded in 1837 by Charles Lewis Tiffany and John B. Young in Brooklyn, Connecticut, as a "stationery and fancy goods emporium", the store initially sold a wide variety of stationery items, and operated as "Tiffany, Young and Ellis" in Lower Manhattan. The name was shortened to Tiffany & Company in 1853, when Charles Tiffany took control and established the firm's emphasis on jewellery. The company has since opened stores in major cities all over the world. Unlike other stores at the time in the 1830s, Tiffany clearly marked the prices on its goods to forestall any haggling over prices. In addition, against the social norm at the time, Tiffany only accepted cash payments, and did not allow purchases on credit. Such practices (fixed prices for ready money) were first introduced in 1750 by Palmer's of London Bridge, who later employed the young Robert Owen, a social reformer.
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