Tiffany & Co. announced plans to open a new flagship store on the famed Champs-Élysées in Paris.

The multi-level store, which will open in 2014, will total approximately 10,000 square feet.

The company currently has three smaller stores in Paris.

“This is a preeminent location that firmly places Tiffany & Co. on an international stage, in the heart of a city where people from all over the world come to visit and shop,” said Frederic Cumenal, executive vice president, Tiffany & Co., in a statement.

Tiffany opened its first Paris store in 1850.

JCK