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He said his focus is on engagement rings because that is the foundation of the jewelry business.
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Last year, Tiffany, famous for its diamond engagement rings, increased its sales by 29% in its Asia-Pacific market, excluding Japan.
BBC: Tiffany expects profits to be hit by Japan events
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She says they were shopping for engagement rings and planned to marry as soon as the divorce was finalized, and he wanted to protect her.
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Ms Panwar said the items included her wedding and engagement rings, along with her father's watch and jewellery she inherited from her parents and grandparents, all of whom are no longer alive.
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The retailer said that a customer alerted Tiffany in November to the sale of what was promoted on in-store signs as "Tiffany" diamond engagement rings at a Costco store in Huntington Beach, Calif.
WSJ: Tiffany sues Costco over engagement rings
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Thieves also took the woman's engagement and wedding rings and prescription medication during the break-in at Coldbrook Road East, Barry, Vale of Glamorgan.
BBC: South East Wales
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Jewelers -- big and small -- have reported strong sales of engagement and wedding rings, in sharp contrast to slumping demand for other luxury items.
CNN: Wedding bells toll in post-quake Japan