Jewellery firm Tiffany & Co has reported higher-than-expected sales for the Christmas holiday period, causing it to revise upward its earnings outlook for 2011.

Worldwide sales rose by 11 per cent to $888.5 million (£570.6 million) for the November to December period, with the greatest proportional growth seen in the Asia-Pacific region and Europe.

Michael J Kowalski, chairman and chief executive officer of Tiffany & Co, said the company saw particular strength in its fine jewellery and diamond engagement ring categories, which predominantly feature products made from platinum.

"We are very pleased with this worldwide sales growth, and with the increases we saw in every region in both months of the holiday period," he went on to say.

In October, Tiffany & Co announced a new range of Tiffany Locks, including a heart pendant hand-crafted in platinum and covered in pave diamonds, as well as a diamond and platinum ring created as a Valentine's Day gift.

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Tiffany raises full year outlook based on strong holiday sales (11/01/11)

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