The economic crisis spawned a trend: in the Tiffany bargain.Although Tiffany insisted never cut prices, but still have more high-end consumers trying to bargain shop.This shows that even the rich have begun to save money on the purchase of luxury goods.

“Everyone thought that must be asked that question, for fear of becoming wise after the event.” Tiffany CEO Michael Kowalski in the global luxury elite Reuters Health, said, “Yes, more and more people ask this question (do not cut prices down), only one answer - the price is that price. ”
Although the Tiffany & Co. in a significant loss in the current economic crisis - on the quarter, sales decreased by 22% - The company also insisted on lower prices. Many investors and analysts said the discounts in the long run will affect the Tiffany’s brand image.
“Tiffany jewelry should not be used to indicate the final price of your bargaining skills,” Kowalski said, “I think for the majority of customers do not want to bargain, this is a terrible hurt.”