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Tiffany reaches new deal with designer Elsa Peretti

Tiffany & Co and jewellery designer Elsa Peretti have reached a new 20-year license agreement, removing a cloud of doubt hanging over a collection that accounts for about 10pc of the upscale jeweller’s global sales.

Peretti, who has been designing high-end jewellery exclusively for Tiffany since 1974, in May was considering ending her agreement with Tiffany and tried to sell the jeweller her intellectual property, but the parties could not agree on a price.

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