February 21, 2025

Tiffany & Co.

Tiffany & Co.

The $5 Sale That Sparked a Legacy

From stationary to style icon—Tiffany’s evolution in American luxury.

The Tiffany story begins in 1837 when Charles Lewis Tiffany and his friend John B. Young borrowed $1,000 to open a "fancy goods" store in downtown Manhattan. Their first day’s takings? A modest $4.98. But Charles had big dreams, and by the 1840s, Tiffany was setting trends with a uniquely American aesthetic: understated, elegant, and refreshingly modern—perfect for a nation finding its style.

Audrey Hepburn, Breakfast at Tiffany's

By the mid-19th century, revolutions in Europe created a surprising opportunity. With the fall of aristocrats, jewels were suddenly up for grabs, and Tiffany seized them. Their knack for acquiring and designing with exquisite gems earned them the nickname "The Diamond Kings."

Fast forward to 1861: President Lincoln purchased a Tiffany pearl necklace for Mary Todd Lincoln to wear at his inaugural ball. By 1867, Tiffany’s reputation soared internationally when it became the first American company to win a prize for excellence at the World’s Fair in Paris.

And then there’s Tiffany Blue. That robin’s egg hue isn’t just a color; it’s a cultural phenomenon. Chosen for the 1845 debut of the Blue Book catalog, it symbolized exclusivity, style, and an aspirational lifestyle long before the concept of “branding” was a thing. By the early 1900s, a New York Sun article noted that a Tiffany box couldn’t be bought—it had to be earned.

Through decades of change, Tiffany remained the gold standard for luxury. Audrey Hepburn solidified its mystique with Breakfast at Tiffany’s in 1961, presidents and celebrities kept it at the center of the cultural zeitgeist, and even today, Tiffany’s Fifth Avenue flagship remains one of the most iconic locations in New York.

From a $4.98 day in sales to becoming a $16 billion global powerhouse, Tiffany & Co. isn’t just a jewelry store—it’s an American legend. A legacy wrapped in a little blue box, tied with a white ribbon, and brimming with possibility.