The sparkle of upmarket jeweler Tiffanys has been tarnished with the company forced to cut its profit forecast.<br /><br /> Shares in the jewelers fell almost 14.5 percent on Monday, their biggest intra-day decline in nearly 11 years with a disappointing holiday shopping season and further weaknesses in Japan cited as the reasons behind the drop.<br /><br /> Sales in the States the company’s biggest market fell one percent in the two month holiday shopping period, the company said. <br /><br /> Sales in Japan, which contributed 12 percent to the total sales in the third quarter, fell 16 percent in the November-December period.
