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                                                                  Exhibit 10.143

                                                                    STANDARD
                                  TIFFANY & CO.                      OPTION
                             A DELAWARE CORPORATION                  TERMS
                                 (THE "COMPANY")                     REV.IV
                           TERMS OF STOCK OPTION AWARD
                        (STANDARD NON-QUALIFIED OPTION )
                                    UNDER THE
                          1998 EMPLOYEE INCENTIVE PLAN
                                  (THE "PLAN")
   TERMS ADOPTED MAY 21, 1998, REVISED JANUARY 21, 1999, NOVEMBER 15, 2001 AND
                                  MARCH 7, 2005

1. Introduction and Terms of Option. Participant has been granted a
Non-Qualified Stock Option Award (the "Option") to purchase shares of the
Company's Common Stock under the Plan by the Stock Option Subcommittee of the
Company's Board of Directors (the "Committee"). The name of the "Participant",
the "Grant Date", the number of "Covered Shares" and the "Exercise Price" per
Share are stated in the attached "Notice of Grant". The other terms and
conditions of the Option are stated in this document and in the Plan. Certain
initially capitalized words and phrases used in this document are defined in
paragraph 10 below and elsewhere in this document.

2. Award and Exercise Price; Option Not An Incentive Stock Option. Subject to
the terms and conditions stated in this document, the Option gives Participant
the right to purchase the Covered Shares from the Company at the Exercise Price.
THE OPTION IS NOT INTENDED TO CONSTITUTE AN "INCENTIVE STOCK OPTION" AS THAT
TERM IS USED IN THE CODE.

3. Earliest Dates for Exercise - Cumulative Installments. Unless otherwise
provided in paragraphs 4, 5 or 6 below, the Option shall become exercisable
("mature") in cumulative installments according to the following schedule:

<TABLE>
<CAPTION>
AS OF THE FOLLOWING ANNIVERSARY    THE OPTION SHALL MATURE WITH THE RESPECT TO THE FOLLOWING
OF THE GRANT DATE:                 PERCENTAGE ("INSTALLMENT") OF THE COVERED SHARES:
-------------------------------    ---------------------------------------------------------
<S>                                <C>
One-year anniversary               25%
Two-year anniversary               25%
Three-year anniversary             25%
Four-year anniversary              25%
</TABLE>

Once an installment of the Option matures, as provided in the above schedule, it
shall continue to be exercisable with all prior installments on a cumulative
basis until the Option expires.

4. Effect of Termination of Employment. An installment of the Option shall not
mature if the Participant's Date of Termination occurs before the anniversary of
the Grant Date on which such installment was scheduled to mature, unless the
Participant's Date of Termination occurs by reason of death or Disability, in
which case all installments of the Option which have not previously matured
shall mature on said Date of Termination. Installments of the Option which
mature on or prior to Participant's Date of Termination will remain exercisable,
subject to expiration as provided in paragraph 6 below.

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5. Effect of Change in Control. All installments of the Option shall mature upon
the date of a Change of Control unless the Participant's Date of Termination
occurs before the date of the Change of Control. The Committee reserves the
right to unilaterally amend the definition of "Change of Control" so as to
specify additional circumstances which shall be deemed to constitute a Change of
Control.

6. Expiration. The Option, including matured installments thereof, shall not be
exercisable in part or in whole on or after the Expiration Date. The "Expiration
Date" shall be the earliest to occur of:

a.    the ten-year anniversary of the Grant Date;

b.    if the Participant's Date of Termination occurs by reason of death,
      Disability or Retirement, the two-year anniversary of such Date of
      Termination;

c.    if the Participant's Date of Termination occurs for reasons other than
      death, Disability, Retirement or Termination for Cause, the three month
      anniversary of such Date of Termination;

d.    if the Participant's Date of Termination occurs by reason of Termination
      for Cause, the Date of Termination.

7. Methods of Option Exercise. The Option may be exercised in whole or in part
as to any Shares that have matured by filing a written notice of exercise with
the Secretary of the Company at its corporate headquarters prior to the
Expiration Date. Such notice shall specify the number of Shares which the
Participant elects to purchase and shall be accompanied by either of the
following:

a.    a bank-certified check payable to the Company (or other type of check or
      draft payable to the Company and acceptable to the Secretary) in the
      amount of the Exercise Price for the Shares being exercised plus any tax
      withholding resulting from such exercise as computed by Tiffany and
      Company's payroll department; or

b.    a copy of directions to, or a written acknowledgment from, an Approved
      Broker that the Approved Broker has been directed to sell, for the account
      of the owner of the Option, Shares (or a sufficient portion of the Shares)
      acquired upon exercise of the Option, together with an undertaking by the
      Approved Broker to remit to the Company a sufficient portion of the sale
      proceeds to pay the Exercise Price for the Shares exercised plus any tax
      withholding resulting from such exercise as computed by Tiffany and
      Company's payroll department.

In the case of exercise via method (a), the exercise shall be deemed complete on
the Company's receipt of such notice and said check or draft. In the case of
exercise via method (b), the exercise shall be deemed complete on the trade date
of the sale. The Committee may approve other methods of exercise, as provided
for in the Plan, before the Option is exercised.

8. Withholding. All distributions on the exercise of the Option are subject to
withholding of all applicable taxes. The method for withholding shall be as
provided in paragraph 7 above, unless the Committee approves other methods of
withholding, as provided for in the Plan, before the Option is exercised.

Tiffany & Co. 1998 Employee Incentive Plan                              03/07/05
Standard Terms of Stock Option Award: Rev. IV                             Page 2

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9. Transferability. The Option is not transferable otherwise than by will or the
laws of descent and distribution or pursuant to a "domestic relations order", as
defined in the Code or Title I of the Employee Retirement Income Security Act or
the rules thereunder, and shall not be otherwise transferred, assigned, pledged,
hypothecated or otherwise disposed of in any way, whether by operation of law or
otherwise, nor shall it be subject to execution, attachment or similar process.
Upon any attempt to transfer the Option otherwise than as permitted herein or to
assign, pledge, hypothecate or otherwise dispose of the Option otherwise than as
permitted herein, or upon the levy of any execution, attachment or similar
process upon the Option, the Option shall immediately terminate and become null
and void.

10. Definitions. For the purposes of the Option, the words and phrases listed
below shall be defined as follows:

      a.    Approved Broker. Means one or more securities brokerage firms
            designated by the Secretary of the Company from time to time.

      b.    Change of Control. A "Change of Control" shall be deemed to have
            occurred if :

            (i)   any person (as used herein, the word "person" shall mean an
                  individual or an entity) or group of persons acting in concert
                  has acquired thirty-five percent (35%) in voting power or
                  amount of the equity securities of the Company (including the
                  acquisition of any right, option warrant or other right to
                  obtain such voting power or amount, whether or not presently
                  exercisable);

            (ii)  individuals who constituted the Board of Directors of the
                  Company on May 1, 1998 (the "Incumbent Board") cease for any
                  reason to constitute at least a majority of such Board of
                  Directors, provided that any individual becoming a director
                  subsequent to May 1, 1988 whose election, or nomination for
                  election by the Company's stockholders, was approved by a vote
                  of at least three-quarters of the directors comprising the
                  Incumbent Board (either by a specific vote or by approval of
                  the proxy statement of the Company in which such individual is
                  named as a nominee for director) shall be, for the purposes of
                  this paragraph 10(a), considered as though such individual
                  were a member of the Incumbent Board; or

            (iii) any other circumstance with respect to a change in control of
                  the Company occurs which the Committee deems to be a Change in
                  Control of the Company.

      A Change of Control which constitutes a Terminating Transaction will be
      deemed to have occurred as of fourteen days prior to the date scheduled
      for the Terminating Transaction if provisions shall not have been made in
      writing in connection with such Terminating Transaction for the assumption
      of the Option or the substitution for the Option of a new option covering
      the stock of a successor employer corporation, or a parent or subsidiary
      thereof or of the Company, with appropriate adjustments as to the number
      and kind of shares and prices."

      c.    Code. The Internal Revenue Code of 1986, as amended.

      d.    Date of Termination. The Participant's "Date of Termination" shall
            be the first day occurring on or after the Grant Date on which
            Participant's employment with the Company and all Related Companies
            terminates for any reason; provided that a

Tiffany & Co. 1998 Employee Incentive Plan                              03/07/05
Standard Terms of Stock Option Award: Rev. IV                             Page 3

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            termination of employment shall not be deemed to occur by reason of
            a transfer of the Participant between the Company and a Related
            Company or between two Related Companies; and further provided that
            the Participant's employment shall not be considered terminated
            while the Participant is on a leave of absence from the Company or a
            Related Company approved by the Participant's employer or required
            by applicable law. If, as a result of a sale or other transaction,
            the Participant's employer ceases to be a Related Company (and the
            Participant's employer is or becomes an entity that is separate from
            the Company), the occurrence of such transaction shall be treated as
            the Participant's Date of Termination caused by the Participant
            being discharged by the employer.

      e.    Disability. Except as otherwise provided by the Committee, the
            Participant shall be considered to have a "Disability" if he or she
            is unable to engage in any substantial gainful activity by reason of
            a medically determinable physical or mental impairment, which
            impairment, in the opinion of a physician selected by the Secretary
            of the Company, is expected to have a duration of not less than 120
            days.

      f.    Plan Definitions. Except where the context clearly implies or
            indicates the contrary, a word, term, or phrase used in the Plan
            shall have the same meaning in this document.

      g.    Retirement. "Retirement" of the Participant shall mean the
            occurrence of the Participant's Date of Termination after age 65
            (other than a Termination for Cause) or the occurrence of the
            Participant's Date of Termination after age 55 pursuant to the
            retirement practices of the Participant's employer.

      h.    Terminating Transaction. As used herein, the phrase "Terminating
            Transaction" shall mean any one of the following:

            (i)   the dissolution or liquidation of the Company;

            (ii)  a reorganization, merger or consolidation of the Company; or

            (iii) a reorganization, merger or consolidation of the Company with
                  one or more corporations as a result of which the Company goes
                  out of existence or becomes a subsidiary of another
                  corporation, or upon the acquisition of substantially all of
                  the property or more than eighty percent (80%) of the then
                  outstanding stock of the Company by another corporation.

      i.    Termination for Cause. "Termination for Cause" means termination of
            employment pursuant to the conduct-based provisions of the
            employer's policy on involuntary termination of employment by reason
            of a Participant's action or willful omission, including without
            limitation, the commission of a crime, fraud, willful misconduct or
            the unauthorized use or disclosure of confidential information which
            has resulted or is likely to result in damage to the Company or any
            of its subsidiaries.

11. Heirs and Successors. The terms of the Option shall be binding upon, and
inure to the benefit of, the Company and its successors and assigns, and upon
any person acquiring, whether by merger, consolidation, purchase of assets or
otherwise, all or substantially all of the Company's assets and business.
Participant may designate a beneficiary of his/her rights under the Option by
filing written notice with the Secretary of the Company. In the event of the
Participant's death prior to the full exercise of the Option, the Option may be
exercised by such Beneficiary to the extent that it was

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Standard Terms of Stock Option Award: Rev. IV                             Page 4

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exercisable on the Participant's Termination Date and up until its Expiration
Date. If the Participant fails to designate a Beneficiary, or if the designated
Beneficiary dies before the Participant or before full exercise of the Option,
the Option may be exercised by Participant's estate to the extent that it was
exercisable on the Participant's Termination Date and up until its Expiration
Date.

12. Administration. The authority to manage and control the operation and
administration of the Option shall be vested in the Committee, and the Committee
shall have all powers with respect to the Option as it has with respect to the
Plan. Any interpretation of the Option by the Committee and any decision made by
it with respect to the Option is final and binding.

13. Plan Governs. Notwithstanding anything in this Agreement to the contrary,
the terms of the Option shall be subject to the terms of the Plan, a copy of
which may be obtained by the Participant from the office of the Secretary of the
Company.

Tiffany & Co. 1998 Employee Incentive Plan                              03/07/05
Standard Terms of Stock Option Award: Rev. IV                             Page 5