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Tiffany Gains Most in Two Years on Profit Forecast Increase

Tiffany & Co., the world’s second-largest luxury jewelry retailer, rose the most in two years after raising its full-year earnings forecast, helped by price increases and sales in the Asia-Pacific region.

Tiffany jumped $5.90, or 9.4 percent, to $69.01 at 4 p.m. in New York Stock Exchange composite trading, the largest gain since Aug. 28, 2009. The stock has gained 11 percent this year.