Tiffany & Co. (TIF) is known as the world’s second-largest luxury jewelry retailer. The company has recently announced about its increasing sales in the Asia-Pacific region that has completely beaten the analysts forecast.

Along with posting about its second-quarter profit, the company also said that the profits have further raised the company’s full-year earnings forecast.

According to the reports, the company’s gain from net income have increased by 33% in the three months ended July 31, reaching the new figures to $90 million, or 69 cents a share, which was a year earlier $67.7 million, or 53 cents, said New York-based Tiffany today in a statement.

The company also highlighted in their statement that 86 cents profit that has been earned excludes the staff relocation costs, and now tops the 71-cent average of 17 analysts’ estimates compiled by Bloomberg.

Regarding the situation, Chief Executive Officer Mr. Michael Kowalski said that they are expecting full-year global sales with a high-teens percentage increase. They also said that the growth could be served by at least a 30 % rise in the Asia-Pacific region and 20 percent in Europe as second-quarter sales of the company have increased by 31 percent to $872.7 million, the figures that have also exceeded the $784 million average of 14 analysts’ estimates.