Dive Summary:

• Tiffany & Co. has reported first quarter sales, topping initial predictions by economists due in part to strong retail sales number from Asia. Tiffany’s is the world’s second largest fine jewelry retailer.
• Total sales revenue climbed 9.3% to $895.5 million as some economic analysts predicted estimates at an average of $854.6 million.
• Tiffany is reaping the benefit of boosted sales in Southeast Asia, helping to offset declining sales figures from Europe.

From the article:

In the Americas, sales rose 6 percent to $408 million. Sales at stores open longer than 12 months gained 3 percent, with the Fifth Avenue location’s sales growing faster than that rate, Tiffany said. A 175th anniversary “Blue Book” event selling high-priced jewelry helped sales, the company said.