Tiffany & Co. opened their second Manhattan store downtown yesterday to much fanfare. It's only the second to open in the city, joining the flagship Fifth Avenue spot, famous for being featured in "Breakfast at Tiffany's."

"Downtown is undergoing a renaissance and we wanted to be part of the revitalization. With all the fabulous real estate, we wanted to be part of it," said Tiffany's Executive Vice President, Beth Owen Canavan. "And Wall Street has a significant, powerful meaning so we expect that a lot of women and men that have women in their lives will come in."

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