By  on August 26, 2011

Michael Kowalski, chairman and chief executive officer of Tiffany & Co., said the cachet of the company’s brand allowed it to raise prices, combating higher gold, platinum and diamond costs and driving the firm to a 33.1 percent rise in second-quarter profits.


The quarterly results, as well as an increased outlook for the year, boosted shares of Tiffany 9.4 percent to $69.01 Friday.

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