Tiffany's View of China (TIF 2Q05 Conf Call Quotes)

Includes: JADE, TIF
by: Ezra Marbach

As disposable income grows and the exchange of diamonds and jewelry during wedding ceremonies becomes more commonplace in China retailers are taking aim at the market. LJ International (ticker: JADE) is taking an aggressive approach to the China market by opening jewelry stores in major cities on the Mainland. No less enthusiastic about China is jewelry retailer Tiffany & Company (ticker: TIF). Investor Relations VP Mark Aaron had the following to say during management's Q2 2005 earnings results conference call:

....We remain enthusiastic about Tiffany's longer term potential in China, although our two stores there still represent a very small part of Asia Pacific sales.

(Quotes are from the CCBN StreetEvents transcript.)

Comment: Management spoke at greater length about China here.