One look at the robin's egg blue signature gift-wrap reveals what may be inside. A bauble from Tiffany and Company has made dreams come true for brides, hostesses and jewelry collectors since 1837.

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When Charles Tiffany and John Young first opened the fledgling store in New York City, it was then known as an establishment of fine goods and stationery. Most of the jewelry they offered was of the costume variety but that did not hinder their popularity or success.

The…