that Tiffany & Co. has cut a deal to keep exclusive rights to jewelry by Elsa Peretti. Bloomberg
says Elsa Peretti jewelry accounts for about 10% off Tiffany's sales. Peretti received a $47 million payment, plus royalties as part of Tiffany's renewal of the license. Tiffany and Elsa Peretti have had a deal in place since 1974.
The Elsa Peretti Starfish pendant
is pictured below.
Photo: Josh Haskin/Tiffany & Co.