Tiffany & Co.
Tiffany & Co
Charles Lewis Tiffany and John B. Young founded the company in New York City in 1837. Their store was called “Tiffany, Young and Ellis” and retailed an assortment of stationary products. In 1853, Charles took over the business and shortened the name to Tiffany & Company. In 1867, Tiffany & Co was the first US business to receive an award for the excellence in silverware. In 1878, Tiffany won the gold medal for jewelry and silverware at the Paris Exposition, which gave the company prestige.
In 2000, the Tiffany & Company Foundation was established to provide grants to nonprofit organizations working in the areas of the environment and the arts. In 2008, a collaboration between SoftBank, a Japanese mobile phone operator, was announced. They designed a mobile phone, which contains more than 400 diamonds, totaling more than 20 carats. The cost of each phone is more than 100,000,000 yen.