She joined the company in 1974. Vogue reported that Peretti’s designs eventually accounted for about 10% of Tiffany & Co.’s sales. Elsa Peretti is seen in New York in 1970.

She joined the company in 1974. Vogue reported that Peretti’s designs eventually accounted for about 10% of Tiffany & Co.’s sales. Elsa Peretti is seen in New York in 1970.

In addition, Peretti, 72, will receive a basic annual royalty fee of $450,000 for use of Peretti Intellectual Property ($9 million dollars over 20 years) and 5 percent of net sales of Peretti jewelry.

Peretti jewelry and other branded products accounted for 10 percent of Tiffany’s total net sales for the past three years, the jeweler has said. In 2011, Tiffany’s net sales totaled $3.6 ...