Tiffany & Co unveils its most expensive diamond in history



With the increase in Christmas party invites comes a matching demand for dazzling diamonds. Elizabeth Taylor’s 8-carat diamond ring was the perfect stocking filler from Richard Burton in 1968, and families across the country look forward to seeing a piece of Queen Elizabeth II’s glittering brooch collection each year (last year’s shell-encrusted brooch was the Queen Mother’s favourite). There’s just some supremely festive about a dazzling jewel.

Now, diamond fans will be able to gaze at Tiffany & Co’s most glittering and largest centre diamond to date. In November, Tiffany unveiled The World Fair’s Necklace at a Tiffany event in Dubai; doubling up as an eternally flawless 180-carat necklace with a centre 80-carat centre stone, which may be taken apart to stand alone as a breathtaking cocktail ring. How much will this dazzling diamond necklace set the potential buyer back? Although Tiffany & Co has declined to reveal the exact price of The World’s Fair Necklace, experts have hinted at the potential price of £22 million.

The World’s Fair Necklace was originally inspired by an Art Deco style necklace designed by Tiffany in 1939. The magnificent 200-carat piece became the talk of New York society and Hollywood, where the piece became an integral design propelling Tiffany & Co into one of the leading jewellery brands of our time.

Earlier this year, the brand’s archivists unearthed the original designs for the 1930s necklace, which led to the creation of the jewellery brand’s latest masterpiece. Tiffany & Co’s chief gemologist, Victoria Reynolds, spoke to WWD on the sketch’s discovery. ‘A short time later we have presented the opportunity to work with an incredible 80-carat diamond and I looked at the diamond and thought, “This is how we reimagine that [World’s Fair] necklace,”’ she said. Transforming the original designs into a more functional and versatile piece, The World’s Fair Necklace can be worn in its entirety or as a separate showstopper – we will all be longing for a large box in our Christmas stockings this year.