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Tiffany Jewelry presents "the most expensive jewel in the world"

The world-renowned company Tiffany & Co has unveiled “the world's most expensive jewel”, presented in Dubai as “The World's Fair Necklace”, which features 180 carats of diamond carefully set in platinum.

Its centerpiece is a flawless 80-carat oval, D color (highest grade and virtually colorless) “Empire Diamond,” named for the iconic jeweler's hometown.

According to CNN, the Empire Diamond was ethically sourced in Botswana, cut and polished in Israel, and assembled in Tiffany's workshop in New York City.

The good news for jewelry lovers with deep pockets is that this necklace is available for sale, unlike Tiffany's famous 128.54-carat “Tiffany Diamond,” which is priceless and cannot be purchased .

Tiffany Jewelry presents “the most expensive jewel in the world”

The luxury retailer has yet to put a price on the world's fair necklace, but industry experts estimate its value to be between $20 million and $30 million.

Tiffany's diamond jewelry is famous for gracing celebrities for decades, from Audrey Hepburn to Beyoncé Knowles. Beyoncé made fashion history as the first black woman to wear the iconic 128.54-carat Tiffany Diamond for Tiffany's new “About Love” campaign.

The retailer said the design of The World's Fair Necklace is inspired by a Tiffany necklace made for the 1939 World's Fair held in Queens' Flushing Meadow-Corona Park. That design featured a 200-carat aquamarine stone and more than 400 diamonds.

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