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Tiffany & Co. Unveils Empire Diamond Necklace Featuring 80-Carat Flawless Gem, Its Most Valuable Jewel for Sale

Featuring an 80-carat, D-colour, internally flawless diamond, the $20 million necklace blends Art Deco heritage with modern craftsmanship—and is the first of its kind from Tiffany to be offered for sale.

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Tiffany & Co. has introduced the Empire Diamond Necklace, the most valuable piece ever offered for sale by the iconic jewellery house. The show-stopping centrepiece is an 80-carat, D-colour, internally flawless oval diamond, set in a platinum necklace inspired by a historic Art Deco design.

Valued at over $20 million, the necklace reimagines a piece originally created for the 1939 World’s Fair, which featured a 200-carat aquamarine. The new version replaces it with one of the rarest white diamonds in the world—sourced in Botswana, cut in Israel, and finished at Tiffany’s New York City workshop. Named after the Empire State, the diamond is celebrated for its chemical purity and perfect clarity.

The necklace is adorned with 578 diamonds—including 353 round brilliants and 224 custom-cut baguettes—arranged in a refined Art Deco silhouette. Notably, the centre diamond is removable and can be worn as a ring, enhancing its versatility.

The Empire Diamond Necklace debuted at Tiffany’s Blue Book event in Dubai and quickly garnered global attention. Beyoncé was the first to wear it publicly, including at her 2022 Oscars afterparty and in a British Vogue feature.

While Tiffany’s famous 128.54-carat Tiffany Diamond remains its most iconic (and not for sale), the Empire Diamond Necklace is the first of such calibre to be made available for purchase—solidifying the brand’s position at the pinnacle of luxury and high jewellery design.

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DiamondBuzz

Natural Diamond Market Defies Demand-Supply Dynamics As Prices Continue To Fall

The Diamond Market Continues To Defy Basic Supply-and-Demand Dynamics, Weighed Down By Structural Shifts In Consumer Behavior and Persistent Macroeconomic Pressures.

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According to figures from the Kimberley Process, global rough diamond production fell 8% in 2025 to 98.8 million carats, down from 107.9 million carats in 2024. The output marks a significant milestone in the ongoing contraction of the natural diamond mining sector, placing global supply approximately one-third lower than its 2017 high.

De Beers, the world’s premier diamond mining company by value, underscored the depth of the slump in its recent financial disclosures. The industry giant reported that its average realized rough diamond price plummeted 32% in the first half of 2026, falling to $105 per carat.

Under traditional economic principles, a tightening supply chain typically drives prices upward. Yet, the diamond market continues to defy basic supply-and-demand dynamics, weighed down by structural shifts in consumer behavior and persistent macroeconomic pressures.

Industry analysts attribute the sustained drop in realization prices to a confluence of headwinds: Rise of Lab-Grown Alternatives:

Persistent Market Pressures: Changing Consumer Priorities:

With natural supply reaching historic lows and prices remaining under heavy pressure, miners and industry stakeholders face unprecedented pressure to re-calibrate their market strategies and re-establish the value proposition of natural gems in an evolving retail landscape.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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