Esteemed jewellers Tiffany and Co has announced plans to open a store in Perth, Australia.

The 4,500-square-foot store will open in July 2008 on the city's premier shopping street - King Street.

It will be located in a historic building and the brand's platinum, gold and silver baubles will be displayed over three floors.

"We are extremely excited to be entering the Perth market and offering its residents and visitors the convenience of shopping at Tiffany and Co," said Glen Schlehuber, managing director of Tiffany & Co Australia.

The brand already has stores in Sydney, Melbourne and Brisbane.

Meanwhile, thewest.com reports that another top-end jeweller is also setting up shop in the heart of Perth.

Hardy Brothers will open in the Century City building in September.

Famous for dressing the likes of Delta Goodrem and Megan Gale, the brand is planning to utilise 10,000 square-metres of retail space over two floors.