At the corner of King and Pitt streets, in what is fast being claimed as Sydney's new luxury precinct, Tiffany formally opened its luxurious flagship this week, marking a new chapter in its relationship with Australia.

While Sydney has always been a top-10 performing store for the company globally, the flagship is testament to both Tiffany's new directive for a strong bricks and mortar presence – the New York store under renovation until 2020 – and its commitment to Australia in general.