Exhibit 99.1

                                  TIFFANY & CO.
                                  NEWS RELEASE

Fifth Avenue & 57th Street                                 Contacts:
New York, N.Y. 10022                                       ---------
                                                           James N. Fernandezz
                                                           (212) 230-5315
                                                           Mark L. Aaron
                                                           (212) 230-5301


             TIFFANY APPOINTS J. THOMAS PRESBY TO BOARD OF DIRECTORS


NEW YORK,  September 29, 2003 - Tiffany & Co. (NYSE - TIF) today  announced that
J. Thomas Presby has been appointed to fill a newly-created seat on its Board of
Directors,  effective  immediately.  Mr.  Presby also  assumes  the  position of
chairman of the Board's audit committee.  This appointment  increases the number
of directors to nine.

Mr. Presby,  63, is an advisor and retired partner of Deloitte & Touche,  with a
varied  career  spanning  30 years in  public  accounting.  He also  serves as a
director of Practiceworks,  Green Point Financial,  World Fuel Services,  German
Marshall  Fund of the USA and Deloitte & Touche  Russia,  and is a member of the
National Association of Corporate Directors.

Commenting on the appointment, Michael J. Kowalski, chairman and chief executive
officer,  said,  "Tom Presby adds a wealth of valuable  experience to our Board,
especially in the fields of accounting,  corporate  governance and international
business.  We are  delighted  he has  agreed to join us and we look  forward  to
benefiting from his counsel."

Tiffany & Co. is the  internationally  renowned jeweler and specialty  retailer.
Sales are made  primarily  through  company-operated  TIFFANY & CO.  stores  and
boutiques in the Americas,  Asia-Pacific and Europe.  Direct Marketing  includes
Tiffany's Business Sales division,  Internet and catalog sales. Specialty Retail
primarily includes the retail sales made in Little Switzerland,  Inc. stores and
also  includes  consolidated  results from other  ventures now operated or to be
operated  under  non-TIFFANY  &  CO.  trademarks  or  trade  names.   Additional
information  can be found on  Tiffany's  Web site,  www.tiffany.com,  and on its
shareholder information line 800-TIF-0110.

This press release contains certain "forward-looking" statements. Actual results
might differ materially from those projected in the forward-looking  statements.
Information  concerning  factors  that  could  cause  actual  results  to differ
materially are set forth in Tiffany's 2002 Annual Report and in Form 10-K,  10-Q
and 8-K Reports filed with the Securities and Exchange  Commission.  The Company
undertakes no obligation to update or revise any  forward-looking  statements to
reflect subsequent events or circumstances.


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