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Tiffany sells jewelry, sterling silver, china, crystal, stationery, fragrances, water bottles, watches, personal accessories, as well as some leather goods. Many of these goods are sold at Tiffany stores, as well as through direct-mail and corporate merchandising. Tiffany is renowned for its luxury goods and is particularly known for its diamond jewelry. Tiffany markets itself as an arbiter of taste and style, and was once a purveyor to the Russian imperial family.
A new headquarters opens in Akron, Ohio. Sterling acquires Ringmaker's and Allen's 15 stores and Weisfield's Inc. with 90 stores. Sterling acquires Kay Jewelers, Inc. (506 stores), including the Kay and JB Robinson Jewelers brands, which doubles the size of the company.