What: a major gain for Qatar Investment Authority.

Why it is important: the owner of luxury department store Harrods sold its shares in Tiffany & Co as part of LVMH’s acquisition of the U.S. jeweller.

QIA had acquired a 5.2% stake in Tiffany & Co in late 2011 and had since then increased its stake up to 9.3%. QIA made a gain of around USD 892 million, as part of LVMH’s $15.8 billion acquisition of Tiffany & Co. “It represents a very good return for a listed equity in any environment,” said Diego López, Global SWF managing director.

Harrods Owner Nets $892 Million Gain From Tiffany & Co Sale