Charles Lewis Tiffany was widely considered the “King of Diamonds,” a moniker given to him by the press after he and his partner John B. Young founded Tiffany & Co. in the mid-1800s. Today, of course, the house of Tiffany and its famous blue box continue to represent a trusted diamond authority, the world over. But it’s far more than engagement rings and solitaire stud earrings that make Tiffany & Co. an enviable institution; and as the house gears up to celebrate 175 years of setting the high bar in the industry, it does so with the resetting of none other than the Tiffany Diamond. Discovered in South Africa in 1877 and subsequently purchased by Tiffany for $18,000, the 287.42-carat stone remains one of the largest and finest fancy yellow diamonds in the world. But in true 21st century tradition, the stone has undergone a facelift. May we present to you, the newly-set Tiffany Diamond. Foregoing its original Jean Schlumberger, Bird on a Rock design, the stone now dangles from a necklace totaling over 120 carats of white diamonds. Happy Anniversary.