Tiffany & Co has just unveiled its most expensive piece of jewelry in history.
At a high jewelry showcase in Dubai, the brand unveiled a reimagined version of an archival piece – the 1939 World’s Fair necklace – which features the Empire diamond weighing over 80 carats at its center; the most expensive piece of jewelry ever created by the jeweler.
The spectacular piece is only transformable; if the owner wishes, the Empire diamond can be removed from the necklace and worn separately as a very impressive statement ring.
Although the World’s Fair necklace is currently on sale, Tiffany & Co declined to disclose the exact value. Experts have estimated the coin will cost between £ 15m and £ 22m, reports WWD.
Whoever purchases the item will also receive lifetime service, whereby a Tiffany jeweler will be on call to convert the special piece however you want, from necklace to ring and back again.
It is the brand’s most expensive piece since its inception in 1837. The Empire central diamond – a D-color, Type IIa oval diamond with an impeccable interior – is the largest the Maison has ever offered, just behind the 128.54-carat Tiffany. The diamond, which is not for sale and has been labeled by the brand as “priceless”. The Tiffany diamond has been worn by Audrey Hepburn, Lady Gaga and, more recently, Beyoncé.
The Empire Diamond is fully traceable; it was mined in Botswana, cut and polished in Israel, and installed in Tiffany’s workshop in New York.
The jeweler announced earlier this year that he would be reinventing his archival World’s Fair necklace, which was originally set with an aquamarine stone weighing over 200 carats.
Back 2019, the jeweler set up a first industry for sustainable luxury, after announcing that it would share the exact journey of its diamonds, identifying the specific country or region where each diamond was mined, as well as the location where it has been cut, polished and set.
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