Tiffany to open two stores in China

Tiffany & Co. plans to open two stores in China in 2006—a 1,900 gross-square-foot store in Beijing’s Oriental Plaza retail center; and a 700-square-foot store in Shanghai’s Plaza 66, luxury shopping center. Opening date for the Beijing store is May with the Shanghai store opening slated for the fall.

Both stores will offer an array of TIFFANY & CO. collections, including diamond engagement rings, Tiffany Celebration rings, and diamond jewelry in platinum and 18k gold settings. Other designs include rare and lustrous pearls; fashion jewelry and watches; the collections of Paloma Picasso and Jean Schlumberger; gifts and accessories.

“These convenient locations expand our presence both in Beijing and Shanghai, cities of growing importance as global business centers and as destinations for both domestic and overseas tourists,” Darren Chen, Tiffany & Co. group vice president – international sales, said in a statement.

The new stores are the company’s second locations in both cities. Tiffany currently has a boutique in Beijing’s Peninsula Palace Hotel, which opened in 2001, and a boutique in the City Plaza shopping complex in Shanghai, which opened in 2004.