The Swan Lake Suite is a diamond and South Sea pearl necklace with matching earrings. It was made by Garrard, the British Crown Jeweller, for Princess Diana, and Diana reportedly had input into the design process.

She wore it at the British National Ballet’s Swan Lake performance on June 3, 1997. The necklace was a gift from Dodi Fayed, an Egyptian film producer and her partner at the time.

A pair of matching earrings were also being made for her, and after the event the necklace was given back to Garrad to make sure that the set matched. But they were not finished before Princess Diana died.

This event was one of Princess Diana’s last public appearances, before her tragic death in 1997. The suite was then sold with some of the money going to UNICEF, a charity that Diana supported.

Description of the Swan Lake Suite

The necklace, mounted in platinum, showcases a brilliant cut diamond and marquise diamond scroll motif centre, with a South Sea cultured pearl five stone and marquise diamond fringe drop.

The backchain features two rows of brilliant cut diamonds, tapering to a single row. The necklace contains 5 matching cultured pearls 12mm, 11 marquise diamonds 7.71 carats, 3 marquise diamonds 0.88 carats, and 164 diamonds totalling 42.35 carats.

The earrings are an elegant pair of brilliant cut diamond and marquise diamond fancy cluster top, South Sea cultured pearl drop earrings, mounted in platinum, claw set, to peg and clip fittings. The earrings contain 2 matching cultured pearls 12mm and 6 marquise diamonds.

The Auction

The Swan Lake Suite will be auctioned by Guernsey’s on June 27 at the Pierre Hotel in New York City. The set was first purchased at a Guernsey’s public auction in 1999 for under $1 million and was sold again in 2009 privately to its current owner, Mark Ginzburg, a Ukrainian real estate developer. The estimated value for this unique item is set between $5 million and $15 million, a broad range reflecting the challenge of appraising such a unique piece.

Auction house president Arlan Ettinger states, “It’s very difficult to try to anticipate what something like this will sell for. When items are appraised and estimated before an auction, they are based upon precedent…. This is unique and it is an impossible task.”

Queen Camilla

Queen Camilla, wore the iconic Coronation Necklace, featuring 25 graduated brilliant diamonds and the remarkable 22.48-carat Lahore Diamond, originally created for Queen Victoria in 1858, by the British Crown Jeweller Garrard. This is also the same necklace that Queen Elizabeth II, wore for her coronation in 1953.

Kate Middleton

Princess Kate, paying homage to her late mother-in-law, Princess Diana, wore her diamond and South Sea pearl earrings, adding a sentimental touch to her attire.

Princess Eugenie

Princesses Eugenie and Beatrice showcased their British heritage by selecting stunning pieces from the renowned royal London jeweller Garrard.

Princess Eugenie graced the ceremony with the ‘Albemarle’ white gold and diamond collar necklace, paired beautifully with white gold and diamond drop earrings.

Princess Beatrice

Princess Beatrice matched her bright pink outfit with the stunning ‘Blaze’ Hoop earrings from Garrard featuring Pink Sapphire, Rubellite, and Pink Opals.

The coronation jewellery worn by the royal family displayed a perfect blend of tradition, sophistication, and modernity, capturing the essence of a new era under King Charles’s reign.

The event, which was dedicated to the late Karl Lagerfeld, saw celebrities and fashionistas adorned with pieces that reflected Lagerfeld’s love for pearls and fine jewelry, and served as testament to the transformative power of accessories in creating unforgettable looks.

We take you through our top 5 looks below.

Dua Lipa’s Legendary Tiffany & Co Diamond Necklace

As one of the event chairs, Dua Lipa was expected to shine, and she did just that. The singer wore an eggshell-colored vintage Chanel tweed gown, which was originally worn by Claudia Schiffer in 1992.

This was set off by a show stopping necklace from Tiffany & Co, featuring the Legendary Diamond, a cushion modified brilliant cut white diamond of over 100ct.

The diamond, set on the Lucida Star Necklace, is rumoured to be worth over $10 million and had its first red carpet outing, making Dua Lipa the first star to wear this impressive piece. The singer complemented the necklace with a platinum diamond ring and Tiffany & Co Schlumberger rings

Rihanna’s Mix and Match Extravaganza

Fashion darlings Rihanna and A$AP Rocky, though late to arrive at the Met Museum, made an unforgettable statement. Rihanna wore a Bulgari high jewellery necklace in platinum with alternating rows of Akoya pearls and white diamonds.

With RhiRhi more is more, and she also layered on another diamond and pearl vintage double-strand necklace and mixed floral and pearl ear clips from Belperron.

Kim Kardashian adorned with pearls

Kim Kardashian made a stunning appearance donning a Schiaparelli Chain Dress laden with an astonishing 50,000 freshwater pearls and more than 16,000 crystals. The meticulous craftsmanship behind her ensemble required over 1,000 hours of work.

This was a nod to a nude Playboy shoot Kim did in 2007, wearing nothing but pearls. Kim accessorised with a statement choker, pearl drop earrings, and an articulated ring featuring exquisite baroque pearls and crystals.

Lily Collins dazzles in Cartier

With her midcentury-inspired hair and makeup, Lily Collins effortlessly channeled the elegance of another era. The Emily in Paris star wore a necklace and earrings of white diamond, onyx and platinum jewelry from the upcoming high jewellery “Le Voyage Recommencé” collection from Cartier.

The standout feature of the graphic necklace lies not only in its striking black onyx and shield-shaped diamonds, but also its transformative nature, the necklace can be worn as two separate pieces.

Priyanka Chopra Shines in Bulgari’s Historic Laguna Blu Diamond

Priyanka Chopra, Bulgari’s global ambassador, turned heads at the Met Gala with her stunning choice of jewelry.

The focal point of her look was a Bulgari High Jewelry necklace featuring the legendary Laguna Blu Diamond.

Crafted from platinum and diamonds, the necklace paid homage to Rome, the birthplace of Bulgari, with its interlocking diamond design inspired by bay laurel wreaths worn by emperors.

The centerpiece, the extremely rare 11.16-carat Laguna Blu diamond, renowned for its vibrant oceanic blue colour, is a historic gem that was originally set as a ring in 1970.

In a collaboration with Sotheby’s, Bulgari created the exceptional high jewelry piece for the event, and the necklace will soon be auctioned in Geneva, expected to fetch over a staggering $27 million USD.