Tiffany & Co, the luxury jewelry retailer has said that it has seen better-than-expected second-quarter profits. It said that the same went up by 19 per cent which has happened because of the rising demand from tourists.

The maximum rise has happened in Europe and China. But still, the sales figures have failed to meet the expectations of the retailer as the middle-class consumers became more cautious of their spending due to modest spending by them.

Spokesman of the company, Mark Aaron said that while the demand for jewelry below $500 was down, the one above $50,000 rose.

Tiffany also said that its outlook for the rest of the year is an upward movement of second quarter performance.

The company which has made its highest marketing spending in China said that while the profit will be limited this year, it surely will be better than the last.

The greatest concern for Tiffany is that its demand in US continues to be soft. While the one that increased was in New York and happened because of tourists.

Share of the company went up by 6 per cent to end at $40.35.