Out of every the necklaces in the world, The heart of the s would have to be one of the most iconic.

Even if you've never seen Hollywood blockbuster Titanic, we have the right to guarantee you still think of this scene when someone mentions the necklace:

*

20 year after that dramatic shot, the necklace is still producing interest.

Because together it turns out, that fictional diamond walk on centregalilee.come sink a whole firm into the watery depths of near-bankruptcy.

Racked journo Elana Fishman's interview with John Peterman, founder of The J. Peterman centregalilee.company, is producing waves (no, that's no the critical of the water puns in this yarn) after he spoke around how marketing reproductions that the Titanic prop landed his organization in the drink.


Peterman acquired the legal rights to sell replicas of the necklace as 20th Century Fox certified authentic reproductions in the so late 90s.

You are watching: How much is the blue diamond from titanic worth

He bought one of the 2 necklaces jewellers Asprey & Garrard developed for the film utilizing blue cubic zirconias, an invest that expense him "way, way under $1000".

*

According to MissOcean.centregalilee.com, this variation of the necklace apparently just featured in the movie "for a quick moment" when Billy Zane's character removed it from the safe before the sinking. 

READ MORE: The best things people on Twitter have actually overheard this week

As Fishman reported, the firm sold much more than $1.3million worth of heart of the s necklaces.

They cost about $250 and also came v a certificate that authenticity.

"I didn't think we'd sell any type of of them," Peterman said Racked.

"Boy, was ns wrong."

WATCH MORE: Boys' choir make the efforts to sing Christmas carol after eating ghost peppers

The steep climb in sales motivated bold centregalilee.company expansions, however as Titanic fever faded it ended up being clear the this staggering expansion couldn't it is in maintained.

Eventually the centregalilee.company plunged to the allude of bankruptcy and was bought-out by Paul Harris Stores.

The article pointed to a piece Peterman centregalilee.composed for the Harvard organization Review earlier in 1999, in which he admitted marketing the reproduction to be a mistake.

"The product go well, however selling it was a clear centregalilee.commercial decision," the wrote.

"It was not authentic, it was tied too totally to the movie and it appealed centregalilee.come an audience younger than our target 35 centregalilee.come 55-year-olds.

"It to be a costly success in regards to our brand's integrity."

*

Eventually, the love of the Ocean ended up being less coveted and seen together tacky, i m sorry perhaps added to Peterman's 'costly success'.

WATCH MORE: The Italian household that doesn't feeling pain many thanks to rare gene mutation

But thanks to the movie, the necklace remains famous today. 

A bunch of the reproductions are still available on eBay, with starting prices at about $500.

As one aside, Peterman's firm also made replicas the the dragonfly hair clip Kate Winslet wore in the movie, among which is right now on track to walk for a little an ext than $2000 ~ above eBay.

In the end, Peterman had the ability to buy ago his namesake, i m sorry is currently up and running again. 

But he stated he doesn't understand where the original necklace – the one the bought from Fox all those years earlier – is.

The other necklace supplied in the movie is rumoured centregalilee.come be own by a private collector, however had been lent to Titanic director James Cameron for screen purposes.

Currently, Syndey'sTitanic The Exhibtion has a reproduction of the necklace on display, other this journalist deserve to confirm looks totes legit:

*

#lookssoreal

In 1998, Asprey & Garrard was centregalilee.commissioned to make one more grander variation of the necklace.

This adhered to the same style as the oringal, but this time it featured a 171-carat sapphire from Sri Lanka and an ext than 100 diamonds.

See more: Yu Gi Oh 5Ds Theme Song Lyrics, We Are The Ones

It was marketed at auction to benefit the Diana, Princess the Wales Memorial Fund and Southern California's aid For AIDS, fetching a price of about $1.8 million.

The necklace purchase under the problem that Celine Dion would wear it centregalilee.come the 1998 Academy Awards throughout her power of Titanic theme track My Heart will Go On.

*

This piece was apparently later donated centregalilee.come the Charlestown Shipwreck & Heritage centre in Cornwall, England, wherein it went on display.

But probably the grandest reproduction of the necklace was that of famed jeweller bother Winston, who provided a 15 carat blue diamond because that his take it on the classic.

It to be valued at around $26 million in 1998 and was likewise worn centregalilee.come the Academy Awards the year – this time by Gloria Stuart, that played 100-year-old increased in Titanic.

*

Evan Agostini>

We can't confirm what occurred to this eye-wateringly high value necklace, however we reckon it's probably kept in a really safe spot.