Charles Lewis Tiffany
| Charles Lewis Tiffany | |
|---|---|
 |
|
| Born |
February 15, 1812 Killingly, Connecticut, USA |
| Died | February 18, 1902 (aged 90) Yonkers, New York, USA |
| Resting place | Green-Wood Cemetery |
| Citizenship | USA |
| Net worth | USD $35 million at the time of his death (approximately 1/616th of US GNP) |
| Spouse(s) | Harriet Olivia Avery Young (1817-1897) |
| Children |
Louis Comfort Tiffany (1848-1933) Charles Lewis Tiffany, Jr. (1842-1847) Annie Olivia Tiffany Mitchell (1844-1937) Louise Harriet Tiffany (1856-1937) Henry Charles Tiffany (1858-1859) Burnett Young Tiffany (1860-1945) |
Charles Lewis Tiffany (February 15, 1812 – February 18, 1902) was a nineteenth century leader in the American jewelry trade and founded New York City's Tiffany & Co. in 1837. Known for his jewelry expertise, Tiffany created the country's first retail catalog, and introduced the English standard of sterling silver in 1851.
Born in Killingly, Connecticut on February 15, 1812, Tiffany was educated in a district school and in an academy in Plainfield, Connecticut. Starting at the age of 15, he helped manage a small general store started by his father, the owner of a cotton-manufacturing company. Charles Tiffany later worked at the office of his father's mill. The Tiffany family descended from the immigrant Humphrey Tiffany (England, UK, 1630-Swansea, MA, 1685), who had lived in the Massachusetts Bay Colony in 1660.
In 1837, with $1,000 borrowed from his father, Tiffany and a school friend, John B. Young, set up a small stationery and gift shop in New York City. Their first three days in business brought them only $4.38 in total sales, but two years later they were still in business, selling glassware, porcelain, cutlery, clocks and jewelry.
The store expanded in 1841 and changed its name to Tiffany, Young and Ellis. It established a reputation for selling only the finest goods and specialized in Bohemian glass and porcelain. It also began manufacturing its own jewelry. In the early 1850s, the company was reorganized under the name Tiffany and Company and opened branches in Paris (1850) and London (1868). The store also relocated uptown to a Fifth Avenue location in that decade.
Tiffany was terribly embarrassed in an 1872 diamond and gemstone hoax perpetrated by Philip Arnold that cost investors more than half a million dollars.
One of the great achievements in his life was when he teamed up with Thomas Edison and together they created foot lights and other ways of electrically lighting theaters. As a result of this, Broadway and other shows became more popular during that time.
The firm acquired and sold some of the French crown jewels in 1887, firmly establishing its reputation.
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