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The necklace is a rainbow gemstone piece by the Indian brand Sabyasachi. People.com+1
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It features stones like rubellite, sapphire, labradorite, and thulite, set with diamonds. People.com+1
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It was worn with a hot-pink Greta Constantine dress by Julia Roberts at the After The Hunt screening in Los Angeles, October 4, 2025. People.com+1
Here are some things that likely contribute to the very high price tag:
- Colourful gemstones: Pieces with multiple coloured gems (especially ones like rubellite, sapphire, etc.) are harder to source and match for colour, clarity, size, etc. Those coordination costs add up.
- Diamonds: The inclusion of diamonds (cut, color, clarity) adds a lot of intrinsic value.
- Designer / Brand: Sabyasachi is a luxury house. Even beyond the raw materials, the craftsmanship, design, brand prestige, and exclusivity factor into pricing heavily.
- One-off / Red Carpet exposure: Often pieces made for celebrities or red carpet events have extra premium owing to their exclusivity, publicity, custom work, etc.
- Complexity: Mixing many different types of gemstones in one piece—matching settings, ensuring durability, achieving aesthetic balance—makes the design and fabrication more labour-intensive.
From media sources:
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The necklace is by Sabyasachi (from Sabyasachi High Jewellery). AOL+2Moneycontrol+2
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It contains gemstones such as rubellite, sapphire, labradorite, and thulite, set with diamonds. AOL+2Moneycontrol+2
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The piece is reportedly crafted in 18K gold. Moneycontrol
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The media also mention that the matching earrings are “crafted in 18K gold … with apatite, tsavorite and EF VVS VS diamonds” — which suggests the brand employed very high diamond grading and also used complementary gemstones in the matching set. Moneycontrol
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The exact carat weight of each gemstone (or total carat weight).
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The diamond carat breakdown, clarity/color details beyond the generic “EF VVS VS” in reference to the earrings.
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The precise number of stones or the design schematic.
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Founder / Designer: Sabyasachi Mukherjee, an Indian fashion and jewellery designer known for combining heritage Indian craft with luxury design. sabyasachi.com+1
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Launch of Jewellery Line: The jewellery wing of the brand (Fine, High, Heritage jewellery) was formally launched starting around 2017, though he worked with jewellery before. sabyasachi.com+1
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Vision & Craft Revival: A big part of Sabyasachi’s mission is reviving and preserving Indian traditional jewellery-making crafts and techniques that are endangered or less in use. This includes crafts like jadau, meenakari, pohai (hand stringing), nakashi, etc. Moneycontrol+2sabyasachi.com+2
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Artisans & Atelier: Sabyasachi Jewellery’s atelier team includes ~50 in-house master craftspeople (gemologists, goldsmiths, hand-setters, engravers, enamellers, stringers, etc.), plus collaborations with artisan communities in Bengal, Rajasthan, Southern India, etc. Moneycontrol
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Ownership / Business Growth: In 2021, the company sold a 51% stake to Aditya Birla Fashion and Retail Limited, which gave it stronger backing and ability to scale operations. adityabirla.com+1
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Global Presence:
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Jewellery boutiques in Dubai, Hyderabad, etc. in.fashionnetwork.com+2sabyasachi.com+2
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Pop-ups and exclusive high jewellery collections in luxury department stores like Bergdorf Goodman (NYC) and exhibitions in London.
What makes Sabyasachi’s jewellery recognisable / valued:
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Maximalist but nuanced: Bold designs, rich colour palettes, layering, texture, ornate details. But not without balance — often blending heavy ornamentation with subtle heritage motifs.
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Heritage + Indian crafts: Use of old techniques and crafts from India (e.g. jadau, meenakari, hand engraving, filigree, hand stringing). These techniques are generally labour-intensive and require specialized artisans. Moneycontrol+1
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Mixed gemstones: Frequent use of coloured gemstones (rubellite, sapphires, tourmalines, etc.), sometimes rare or unusual cuts / colours. Also combined with diamonds (old mine cut, brilliant cut, etc.).
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Thematic and cultural references: Many pieces reference Indian history, motifs (flora, fauna, colonial influences, Mughal, North Calcutta, etc.), sometimes combined with Western geometric influences (Byzantine, Art Deco). in.fashionnetwork.com+2jewellerydesignshub.com+2
Celebrating India's rich history, this collection features handcrafted pieces that pay homage to traditional Indian jewellery-making techniques. The designs are deeply rooted in cultural narratives, offering a timeless appeal. sabyasachi.com
Inspired by the grandeur of North Calcutta's Georgian and Victorian influences, Bengal Royale combines regal aesthetics with intricate craftsmanship. The collection includes ornate necklaces, earrings, and bracelets, each piece reflecting the opulence of a bygone era. sabyasachi.com
This collection draws inspiration from the Silk Route, merging Eastern and Western design elements. It features bold pieces with rich gemstones and intricate detailing, embodying a fusion of cultures and eras. sabyasachi.com
A contemporary reinterpretation of classic designs, Opium Revisited offers a modern twist on traditional motifs. The collection showcases innovative designs with a nod to historical influences, appealing to the modern connoisseur. sabyasachi.com
In collaboration with Tata CLiQ Luxury, Sabyasachi has launched an exclusive online collection, making his high jewellery more accessible to a global audience. The collection features a range of pieces that blend traditional craftsmanship with contemporary design. Khush Wedding
This exclusive collection, available at Neiman Marcus, showcases Sabyasachi's high jewellery pieces that combine Indian heritage with Western luxury. Each piece is meticulously crafted, reflecting the designer's commitment to excellence. sabyasachi.com
Inspired by the vibrant culture and cuisine of Calcutta, this collection features bold designs with rich colours and intricate details. It captures the essence of the city's festive spirit and culinary heritage. sabyasachi.com
Debuting at the 2025 Met Gala, this collection features avant-garde designs that push the boundaries of traditional jewellery. The pieces are a fusion of art and fashion, reflecting the theme of the event. sabyasachi.com
This project delves into the world of antique jewellery, reimagining classic designs with a contemporary perspective. The collection features unique pieces that blend historical elements with modern aesthetics. sabyasachi.com
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