The world's most expensive necklace goes on sale this month at a jewellery show in Singapore. Known as L'Incomparable, the necklace is valued at £34 million (RM173 million).
It was created by luxury jeweller Mouawad and features a yellow, internally flawless diamond of more than 407 carats suspended from a rose gold setting that is studded with 90 white diamonds weighing nearly 230 carats
. Despite the astronomical price tag, "serious interest" has been expressed by a couple of potential buyers from Asia, said Jean Nasr, managing director of Mouawad in Singapore.
"People who will get something like this are looking at it from a different perspective because this is definitely an investment piece," he said. The necklace, whose centrepiece diamond was found by chance in a pile of mining rubble by a young girl in the Democratic Republic of Congo about 30 years ago, will be the flashiest item on offer at the Singapore JewelFest.
While Singapore boasts a very low crime rate, security officials are taking no chances after the daylight heist of about $136 million (RM347 million) worth of jewellery on show at a hotel in the French Riviera resort of Cannes in July. Security includes armed guards, plainclothes supervisors, cameras, motion detectors and bullet-proof display cases.
Every night the piece will go back to a vault via armoured truck. L'Incomparable was completed in 2012 and certified as the priciest necklace in existence by Guinness World Records earlier this year.
Asia, especially China, has become an important growth area for sellers of pricey jewellery, cars, boats, wine, artwork and other lavish items.
Sotheby's in Hong Kong has unveiled a pink diamond that is set to be the most valuable ever to go under the hammer at a Geneva auction later this year. The 59-carat diamond is estimated to be worth more than £37 million (RM189 million).
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