Hollywood’s golden age was a time of glamour, excess, and allure. The stars of the silver screen weren’t just performers; they were cultural icons who set the standards for elegance and extravagance. Diamonds shone brightest among their many symbols of wealth and status—literally and metaphorically. Over the decades, actresses like Elizabeth Taylor and Marilyn Monroe didn’t just wear jewels; they immortalised them. From extravagant gifts to starring roles in some of the most iconic films, these sparkling treasures became intertwined with the identities of their owners, telling stories of love, power, and luxury. This enduring relationship between Hollywood and high jewellery continues to captivate, offering a fascinating glimpse into the intersection of celebrity culture and timeless luxury.

Audrey Hepburn in Breakfast at Tiffany’s
Elizabeth Taylor and the Krupp Diamond
Few names are as synonymous with dazzling jewels as Elizabeth Taylor’s. An avid collector, her passion for exquisite gems mirrored her larger-than-life personality. Among her legendary collection, one piece stands out—the Krupp Diamond, later renamed the “Elizabeth Taylor Diamond” in her honour. This 33.2-carat Asscher-cut diamond, valued today at over $9 million, was a gift from her fifth (and sixth) husband, Richard Burton, in 1968. Taylor adored the diamond, describing it as one of her favourite pieces, often saying, “Big girls need big diamonds.” Its clarity and brilliance are unmatched, reflecting the intensity of Taylor’s vibrant personality and lifestyle.
The diamond’s origins trace back to Vera Krupp, a German heiress, and its historical significance only added to its allure. Set in a platinum ring, it became a regular feature on Taylor’s hand, a dazzling symbol of her love story with Burton. More than a jewel, it was a statement—a declaration of love, power, and Hollywood’s enduring relationship with glamour.
The Role of Jewellery in Hollywood’s Golden Age
In the golden age of cinema, jewellery wasn’t merely a prop but a character in its own right. Films like Gentlemen Prefer Blondes and Breakfast at Tiffany’s turned diamonds and luxury brands into household names, embedding them into the collective imagination. These glittering creations often symbolised more than wealth; they were representations ofdreams, aspirations, and romance.
Take Gentlemen Prefer Blondes (1953), for instance. Marilyn Monroe’s iconic performance of Diamonds Are a Girl’s Best Friend cemented the notion that diamonds were the ultimate luxury. Draped in sparkling jewels, Monroe delivered a performance that combined sensuality with a winking self-awareness, forever linking diamonds to glamour and femininity. Similarly, Audrey Hepburn’s role in Breakfast at Tiffany’s (1961) transformed Tiffany & Co. into a global symbol of sophistication. Her black Givenchy dress and pearl necklace, paired with the brand’s glittering jewels, made breakfast at Tiffany’s not just a dream but an aspirational lifestyle.
The diamonds in these films became metaphors for the characters’ desires, social ambitions, and personal triumphs, reflecting the cultural zeitgeist of the time.
Marilyn Monroe and the Legacy of ‘Diamonds Are a Girl’s Best Friend’
If one moment epitomises Hollywood’s love affair with diamonds, it’s Marilyn Monroe’s performance of Diamonds Are a Girl’s Best Friend. With its playful yet pointed lyrics, the song captures the allure of jewels as symbols of power and independence. Monroe’s sultry yet light-hearted delivery struck a chord, lifting the performance into one of cinema’s most iconic moments.

Marilyn Monroe in Diamond’s Are A Girl’s Best Friend
Clad in a striking pink satin gown adorned with diamonds, Monroe embodied a character who understood the transactional nature of wealth and beauty in a world dominated by men. The performance wasn’t just about the jewels—it was a commentary on the power dynamics of desire and luxury. To this day, the image of Monroe surrounded by diamonds remains one of the most enduring visuals in film history, underscoring Hollywood’s role in shaping our cultural fascination with luxury.
Jewellery as Symbols of Love and Scandal
Hollywood’s elite didn’t just wear jewels—they lived stories around them. Elizabeth Taylor’s collection, for example, wasn’t merely an accumulation of wealth but a chronicle of her personal life. Beyond the Krupp Diamond, Richard Burton gifted her the 69.42-carat Taylor-Burton Diamond, purchased for $1.1 million in 1969. Worn to the Academy Awards, it caused a media frenzy, symbolising their volatile yet passionate relationship.
Similarly, Grace Kelly’s engagement ring—a dazzling 10.48-carat emerald-cut diamond from Prince Rainier III of Monaco—was more than a ring. It marked her transition from Hollywood royalty to actual royalty, a fairy-tale narrative captured in every glittering jewel facet.

Grace Kelly
However, not all jewels told tales of love. Some carried whispers of scandal. The La Peregrina Pearl, another of Taylor’s treasures, was once owned by European royalty but became a symbol of her controversial relationship with Burton. These pieces carried stories as intricate as their settings, linking the glamour of Hollywood to the drama of human relationships.
Modern-Day Reflections: Hollywood’s Enduring Affair with Jewels
The connection between Hollywood and high jewellery endures in the modern era. Celebrities like Beyoncé, Lady Gaga, and Cate Blanchett continue to elevate iconic jewels to new heights. Beyoncé famously wore the 128.54-carat Tiffany Yellow Diamond, previously seen on Audrey Hepburn during the promotion of Breakfast at Tiffany’s. Her appearance brought the diamond into the contemporary spotlight, reinforcing its legacy.

Beyonce and Lady Gaga wearing the Tiffany Diamond necklace.
Similarly, Lady Gaga stunned the world at the 2019 Oscars with the Tiffany Diamond, while Anne Hathaway showcased Cartier’s iconic Tutti Frutti necklace on the red carpet. Today, jewellery brands vie for the chance to drape their pieces on Hollywood’s biggest names, knowing the power of celebrity to turn a jewel into an icon.
Insignia Jewellery Card: Your Gateway to Iconic Jewels
The relationship between Hollywood stars and legendary jewellery isn’t just about style—it’s about access to rare gems, bespoke designs, and extraordinary experiences. For those who aspire to live a life inspired by such glamour, the Insignia Jewellery Card offers a gateway to unparalleled possibilities.

The Insignia Jewellery Card
This exclusive product provides tailored services for connoisseurs of high jewellery. Whether acquiring a piece with a storied past, customising an heirloom, or gaining entry to private auctions and elite jewellery showcases, the Jewellery Card ensures a seamless and sophisticated experience. Members benefit from the expertise of our award-winning luxury lifestyle management team, which is dedicated to delivering precision, discretion, and unparalleled service at every step.
More than a payment solution, the Jewellery Card is a statement of refined taste. With access to exclusive collections and partnerships with the world’s leading jewellers, it is the ultimate complement to a lifestyle inspired by Hollywood’s most dazzling icons.
The relationship between Hollywood and high jewellery is one of timeless allure and mutual elevation. Diamonds, emeralds, and rubies aren’t just accessories for the stars—they are symbols of ambition, artistry, and personal legacy. From Elizabeth Taylor’s Krupp Diamond to the Tiffany Yellow, these iconic pieces carry stories as unique as the individuals who wore them.
Unlock Another World with Insignia
An Insignia membership means holding an iconic, high-status premium payment card—a passport to refined living. From acquiring legendary jewels to curating exclusive access to the world’s finest jewellery houses, our award-winning lifestyle management team ensures that every detail reflects your unique taste and aspirations. Let us help you craft your legacy, one brilliant piece at a time.