The famous house Tiffany & Co. has unveiled the most expensive piece of jewelry it has ever created in its 184-year history.
"The World's Fair Necklace" - a magical necklace with 180 carats of diamonds set in platinum - was presented Sunday in Dubai. It took two years to create this special piece of jewelry that features 578 diamonds.
The centerpiece is the Empire Diamond, an 80-carat oval-shaped diamond of the highest quality - the largest and most expensive diamond ever offered for sale by Tiffany & Co.
The diamond necklace is available for sale, unlike the famous 128.54-carat "Tiffany Diamond", which the house labeled as "priceless" and can't be bought.
The World's Fair Necklace's Price Is Unknown
The luxury jewelry house has not announced yet the exact price of the diamond necklace, but experts have estimated its value up to 30 million dollars.
If so, then the World's Fair Necklace will be the most expensive piece Tiffany & Co has ever sold.
Discover The World's Fair Necklace
The World's Fair Necklace is inspired by a Tiffany necklace created for the 1939 World's Fair - a luxurious 429-diamond necklace featuring a singular 200-carat aquamarine gem.
Tiffany is reimagining the iconic World’s Fair necklace in all its original splendor, but with an elevated twist. The reinterpreted jewelry piece contains a total of 578 diamonds, of which 353 have a round cut and 224 have a baguette cut.
For the centerpiece, the high jewelry House acquired an internally flawless oval-shaped diamond. Named Empire Diamond, after the emblematic Empire State Building in New York, the stunning 80-carat diamond replaces the original aquamarine stone.
What’s more, the extraordinary gemstone will be unveiled at the anticipated reopening of the transformed Tiffany Fifth Avenue flagship store, making history once again. Talk about making a grand entrance – or in this case, re-entrance.
"What better way to mark the opening of our transformed Tiffany flagship in 2022 than to reimagine this incredible necklace from the 1939 World’s Fair, one of our most celebrated pieces when we opened our doors on 57th Street and Fifth Avenue for the first time. The World’s Fair Necklace perfectly reflects our brand heritage as a New York luxury jeweler whose founder was known as the King of Diamonds," said Victoria Wirth Reynolds, Tiffany & Co. Chief Gemologist.
The Empire Diamond
This remarkable gem represents Tiffany’s largest diamond acquisition since obtaining the exquisite 128.54-carat "Tiffany Diamond" back in 1878. Unlike the legendary Tiffany Diamond, which is famously not for sale, this exquisite stone will be set in a necklace that is expected to be Tiffany’s most expensive piece yet.
With an estimated price tag in the tens of millions, the necklace and its over-80-carat diamond are far from ordinary. Sourced from Botswana, Africa, the exceptional center stone symbolizes the brand’s industry-first approach to traceability, making it not only a rare jewel but also a responsible one.
The Empire Diamond was ethically mined in Botswana, cut and polished in Israel, and eventually ended up in Tiffany's New York City workshop, where the artisans will meticulously set the precious gemstone in its new yet historic home.
The Empire Diamond can be removed from the World's Fair Necklace and mounted on a ring with the help of a Tiffany jeweler, who will be standing by to convert the piece whenever desired.