Tiffany & Co. is a holding company that operates through its subsidiary companies. The Companyï¿½s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer whose principal merchandise offering is jewelry. Through Tiffany and other subsidiaries, the Company is engaged in product design, manufacturing and retailing activities. Its segments include Americas, Asia-Pacific, Japan, Europe and Other. The Companyï¿½s principal product category is jewelry, which represented 91% of the Companyï¿½s net sales in 2011. The Company also sells timepieces, sterling silver goods (other than jewelry), china, crystal, stationery, fragrances, personal accessories and leather goods, which represented, in total, 8% of the Companyï¿½s net sales in 2011. Its remaining 1% of net sales were attributable to wholesale sales of diamonds and earnings received from third-party licensing agreements.