Cover The over-80-carat Empire Diamond set in Tiffany & Co’s historic 1939 World's Fair Necklace design

The American jeweller has unveiled its most expensive jewel to date at Expo 2020 Dubai

How’s this for a flex? Tiffany & Co has unveiled its most expensive jewel to date—the Empire Diamond, an 80.33-carat, D colour, type IIa, internally flawless oval diamond that it acquired earlier this year. As we reported in January, the diamond has been set in the historic 1939 World’s Fair Necklace design and will make its debut at the 2021 Blue Book Collection exhibition during Expo 2020 Dubai, its first-ever Blue Book event in the Middle East.

The Empire Diamond is the second largest diamond that the American jeweller has offered in its 184-year history, eclipsed only by the Tiffany Diamond, the house’s famous not-for-sale 128.54 carat yellow diamond that has been worn by Audrey Hepburn, Lady Gaga and more recently, Beyoncé in the ‘About Love’ campaign.

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Named for the American jeweller’s hometown, the Empire Diamond has been set in the reimagined archival design featuring 578 round brilliant and custom-cut baguette diamonds in a platinum setting that trails decadently down the décolletage. In a twist of modern ingenuity, the diamond can also be converted into a diamond-encrusted ring in a platinum setting. What’s more: Town & Country reports that Tiffany will provide the buyer with a lifetime of service to convert the piece from a necklace to a ring and vice versa.

While Tiffany has not publicly disclosed the price of the necklace, industry experts have placed the price at between US$20-30 million, according to WWD.

Read more: Tiffany & Co Brings Their 80-Carat ‘Empire Diamond’ to Southeast Asia for the First Time

Responsibly sourced in Botswana, Africa, the Empire Diamond took almost two years to perfect, and was recently on display in Singapore as part of its 2021 Blue Book Collection. After the Middle East event, the necklace will travel back to New York, where it will be presented as an homage to the inception of the transformed Tiffany flagship store on NYC’s Fifth Avenue. 

On a broader level, the American jewellery house, whose founder earned himself the moniker of being the “King of Diamonds”, chose to debut the stunning creation at Expo 2020 Dubai because of the parallels it drew with the 1939 World’s Fair. Where the 1939 World’s Fair promised “a glimpse into the World of Tomorrow”, Expo 2020 Dubai’s theme is “Connecting Minds, Creating the Future”—both international fairs bringing a focus to the future even though they were held 82 years apart.

We’re just waiting with bated breath to see who snaps up this priceless piece of jewellery.