The Good Melancholy brought an end to the continual progress skilled by Tiffany and Firm since its 1837 founding. For the primary time in firm historical past, money was being lost instead of made, and the agency’s restoration after the Despair and World Conflict II was not swift. Though revenue had inched once more as much as $1 million by 1946 (nonetheless a far cry from their peak in the midst of the Gilded Age), by 1949, the venerable jeweler was in deep trouble, exhibiting profits of only $20,000 for the yr. The Tiffany legend endured by the use of the down cases, however, and quite a couple of buyers had been concerned about buying the corporate.
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