Advertisement

This $55 Million Diamond Necklace Set a World Record 10 Years Ago. Now We Know Who Bought It.

Ten years ago, Lebanese jeweler Mouawad’s L’Incomparable necklace earned a place in the Guinness Book of World Records as the “planet’s most valuable necklace.” The extraordinary piece contains the largest flawless diamond in the world, a yellow stone weighing over 407 carats, which is attached to another 102 diamonds. The stunning $55 million necklace has since been sold, and now we know who bought it.

The buyer, according to a report from Luxury Launches, was philanthropist Nita Ambani, the wife of billionaire businessman and Reliance Group heir Mukesh Ambani. But Nita didn’t keep the necklace for herself. Instead, she gave it to her daughter-in-law Shloka Mehta when she married the Ambani’s son, Akash, in March 2019.

More from Robb Report

ADVERTISEMENT

Their ceremony, held in Mumbai, India, was attended by Bollywood glitterati including actress Priyanka Chopra Jonas, Kareena Kapoor, and Rai Bachchan. (Coldplay gave the concert at the reception.) But none of the attendees eclipse the high-wattage gift.

An up-close look at Mouawad’s L’Incomparable necklace with a 407-carat yellow diamond.
An up-close look at Mouawad’s L’Incomparable necklace with a 407-carat yellow diamond.

Beyond its status as a touching keepsake, the necklace is a stunning creation on its own merits. The massive diamond is connected to a network of 18-karat rose gold branches set with a further 229 carats of white diamonds.