Tiffany’s new CEO faces jewelry industry that’s lost allure

JEWELRY IS DISPLAYED in the window of a Tiffany & Co. store on Fifth Avenue in New York. /BLOOMBERG FILE PHOTO/VICTOR J. BLUE
JEWELRY IS DISPLAYED in the window of a Tiffany & Co. store on Fifth Avenue in New York. /BLOOMBERG FILE PHOTO/VICTOR J. BLUE
NEW YORK - As Tiffany & Co.’s new CEO, Alessandro Bogliolo, settles into the job, he faces a crisis that runs deeper than sluggish retail traffic: Americans are losing their passion for jewelry. From indifferent millennials to declining marriage rates and synthetic imitations, few product categories are contending with as many headwinds as jewelry. Companies…

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