Tiffany & Co raised their prices!!

[mtn76]

oh no! I usually buy gifts from Tiffanys, I guess I should check out the prices soon and stock up if necessary.

[claudette2]

Originally Posted by melikemochi

They raised their prices on some items. I was looking at the bead bracelet right after Christmas and then again just now... its more expensive now!!! How often do they have a price increase?

This may be due to the increased cost of metals (especially gold and platinum). Over the last year or so, the market price has absolutely sky rocketed - it is great for those who invested in metals, but not great for us who are buying jewelry!!

[creighbaby]

There was an article in the Wall Street Journal about a month ago about Tiffany's raising prices on silver jewelry because too many young people are buying it and essentially cheapening the brand. (I'm paraphrasing.) I bought the mesh ring gosh, maybe eight years ago, for $75 and the mesh bangle for my mother a couple of years later for $200.

[claudette2]

^ That sounds like an interesting article. Do you have the link?

[MeriCherie]

i've never read the article but if that's what htey are saying than i agree... I tutor highschool kids for their college entrance exam and the kid that i tutor's YOUNGER brother who's 14/15? bought a tiffany heart pendant for his gf who's 16... *sigh* kids these days are just too too rich... Alot of people see LVs and balenciaga bags as a luxury which is "cheapened" as well...

I guess this is called affordable luxury

[ktrkate]

jeez...i just checked, and sure enough, the heart lariat necklace I have went from 185 to 225! what a bummer!

[Kitsunegrl]

Some are giant hikes too. My 18k lock pendant was 800 when I bought it LAST April and it's now 1400! That's almost double!

[Junkenpo]

The 18k eternal circle pendant (medium) went from $500 last april, to now $725.

I've got the 18k open heart earrings (hearts collection, not EP) and they've gone from $275 to $350.

Funny though.... if/when gold prices go down, will T&Co lower their prices? Prolly not...!

[melikemochi]

Originally Posted by Kitsunegrl

Some are giant hikes too. My 18k lock pendant was 800 when I bought it LAST April and it's now 1400! That's almost double!

Funny thing, I was just looking at the latest catalogue the other day and saw the 18k lock pendant and thought "Good lord! It's $1400!!!!" That is such a steep increase! Its crazy! You can buy just the chain for $150.

[Vintage Leather]

Have you looked at the silver pieces that have not undergone a price increase? Finer chains, smaller pendants, ect.
Tiffany depresses me occasionally.

[kat99]

I also read the WSJ another poster talked about....her summary was correct, essentially Tiffany raised prices a bit to keep some consumers "away" from the brand, as bad as that sounds, and it actually did not work so they had to keep raising it and raising it until it got to the point they wanted. It is very snobby but it is their strategy I suppose. They described one of the execs at Tiffany saying that they could not handle there being a few people in the diamond/gold section and a mob in the silver area.