We continue to believe that the Asia-Pacific region offers meaningful long-term growth potential including further development of our business in China.
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We have seven suburban New York stores that people can go to if they can't get to the Manhattan location.Mark Aaron
The most meaningful growth was in diamond jewelry at higher price levels.
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I would imagine that most people who read newspapers and look at Web sites are aware of headlines being made on substantially higher metal costs. If retailer costs go up, eventually the consumer pays for it.
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As commodity prices go up, ultimately everyone will raise prices, including Tiffany. Tiffany wants to maintain its competitive position in the industry.
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Ultimately if the cost goes up ... over some period of time, the jewelry industry would need to pass that through.
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