Revenue rose 9 percent to $668.8 million, (below) estimates of $690.2 million.
Engagement jewelery sales were strong and transactions in most price ranges grew, although the company saw (lower) revenue and sales for transactions worth $500 or less. Tiffany said that could be because of (comparisons) with last year and also people's continuing worries about the economy.
Demand was healthy for gold and platinum jewelry — more expensive than other metals — while silver jewelry was (flat) with last year.
(Roughly) half of Tiffany's revenue now comes from outside the U.S. Growth in the Asia-Pacific region, excluding Japan, was the (strongest) in the quarter as those economies continue to prosper. Revenue there (jumped) 21 percent to $111.5 million. Tiffany opened its 12th store in China in the quarter — in Shanghai — and its fourth in Singapore.