Founded in 1837, Tiffany & Co. is now an internationally renowned retailer, designer, manufacturer and distributor of fine jewellery, timepieces, sterling silverware, china, crystal, stationary, fragrances and accessories. However, for the fiscal year 2002, approximately 80% of net sales were attributable to jewellery. The Fifth Avenue-based company operates more than 100 Tiffany & Co. stores and boutiques, serving customers in both the United States and internationally, and employing more than 6,000 people worldwide.