Tiffany & Co. to open jeweler’s first wholly owned retail business in Russia

Tiffany to Open a Store in Moscow

Tiffany & Co. announced plans to open a two-level store in Moscow’s GUM department store, the city’s premier destination for luxury shopping and a center for art and culture, located in Red Square. At approximately 420 square meters, it is the jeweler’s first wholly owned retail business in Russia, and is expected to open in Q1 2014.

“Establishing a presence at this preeminent department store is a milestone in our growth strategy as a leading global luxury brand and underscores the importance of the Russian market,” said Frederic Cumenal, executive vice president, Tiffany & Co. “We’ve designed the store with the warmth and elegance that make our legendary jewelry collections a pleasure to explore, and we look forward to welcoming everyone to the Tiffany shopping experience.”

Visitors will discover the diamonds for which Tiffany is renowned. Among them are engagement rings such as the Tiffany Setting and jewels of rare yellow and pink diamonds. The creations of exclusive designers Elsa Peretti, Jean Schlumberger and Paloma Picasso will also be available.