In recognition of her remarkable career, Tiffany established the Elsa Peretti Professorship in Jewelry Design at the Fashion Institute of Technology, the first endowed professorship in the history of FIT. In 2001 the designer was given an honorary Doctor of Fine Arts degree from FIT.
She also received the 1971 Coty American Fashion Critics' Award for Jewelry and the Rhode Island School of Design President's Fellow Award in 1981. In 1996, the Council of Fashion Designers of America named her Accessory Designer of the Year. Elsa Peretti’s designs are in the permanent collections of the British Museum in London, England; The Metropolitan Museum of Art in New York City; the Museum of Fine Arts in Boston, Massachusetts; and the Museum of Fine Arts in Houston, Texas.
Few designs maintain their style and beauty for decades but Peretti’s are as modern today as ever.