I haven't seen it in their financial reports, but a friend of mine told me what she spotted. She went to the Tiffany's store in South Coast Plaza (Costa Mesa), and she said there was a display case w/ little/small signs that stated gifts less than $250, and another for gifts less than $150 for example. The thing is...I do not know if TIF dropped prices on all of their jewelry, or only their "entry level" type stuff. And a salesperson specifically told her that "x" was $20 - $40 more expensive in December.
I have to say that a drop in price is unusual. But all jewelry stores were hit hard this past season.