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Tiffany & Co. has opened its regional headquarters in Dubai, UAE. Recognizing the fast growth potential of the region, Tiffany says its expansion plan will cater to the increased demand for luxury goods in emerging markets, which, according to consultancy firm Bain & Company, will be a key contributor to the anticipated eight per cent growth in worldwide luxury sales during 2011. The new headquarters will oversee business development in the Middle East, Gulf Countries, East & Central Europe, Africa, Turkey and India, placing emerging markets at the centre of Tiffany’s globalization strategy.