Jewelry company Tiffany & Co. has selected Lexington, Kentucky, for the site of a new jewelry manufacturing plant that will create 125 jobs.

"As America's House of Design, Tiffany & Co. represents the highest standards of quality and craftsmanship," said John Petterson, senior vice president, operations and manufacturing of Tiffany & Co. "The new facility in Lexington is the ideal environment in which to expand our tradition of manufacturing jewelry, here in the United States, and support our growing business."

The Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved Tiffany & Co. for tax incentives up to $2.45 million through the Kentucky Business Investment (KBI) program.

Tiffany has already begun building the 25,000-square-foot facility. It expects to complete the structure by spring 2011.