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Tiffany Gives Gem Money

Filed in archive Gemstones by tammy on June 09, 2006

Tiffany Gives Gem Money
Two powerhouses, at least in their perspective fields, are teaming up to offer more gemstonelinks eye candy to tantalize the public.

Tiffany is giving a gift of 1.1 million dollars (which I bet won't fit inside one of its signature boxes) to the Smithsonian's National Museum of Natural History.

From Tiffany Foundation Gift to Help Smithsonian Go Gem-Shopping:

For most of its history since 1884, the Smithsonian's gem collection has depended on gifts - the most famous being the Hope Diamond. The 45-carat blue gem was donated in 1958 by the famous New York jeweler Harry Winston.

$1 million from the Tiffany gift will be invested in the Smithsonian Trust. The endowment will pay out about $50,000 per year at the start. The museum will also use part of the Tiffany gift to build an exhibition case to show off its purchases.



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