A Jewel Like No Other: Margot McKinney's $150 Million Necklace [Forbes]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
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Source: Forbes
It's a necklace called the “Jardin Collier” that she describes as a “once-in-a-lifetime gemstone occurrence.” It isn't hyperbole. The necklace showcases five fancy-colored diamonds and a colorless diamond—each a different size, shape and hue—aligned in a precise vertical row. McKinney says the colored diamonds are among the rarest ever unearthed, and together they form one of the most valuable jewels ever created—a piece that balances lavishness with refinement. McKinney values the necklace at $150 million. “Some things are the sum of their parts, and some things are about the collection,” McKinney told me in a recent interview. “This is about the collection. It's a piece of jewelry that can never be recreated. Apart from the white diamond, each of these stones is irreplaceable.” She added that this level of rarity simply doesn't exist in other similarly priced objects. “It's almost priceless because you can't duplicate it. Manhattan apartments sell for over $100 million, even $
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