The Good Despair introduced an end to the continuous improvement experienced by Tiffany and Company since its 1837 founding. For the first time in agency historic past, money was being misplaced as an alternative of made, and the firm’s recovery after the Despair and World Battle II was not swift. Though earnings had inched again up to $1 million by 1946 (nonetheless a far cry from their peak through the Gilded Age), by 1949, the venerable jeweler was in deep trouble, displaying income of solely $20,000 for the yr. The Tiffany legend endured by means of the down instances, nevertheless, and quite a lot of buyers had been keen on acquiring the company.
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Amethyst is the birthstone of February.
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