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10 of the most expensive celebrity red carpet jewels ever, ranked – from Madonna’s Harry Winston diamonds and Lady Gaga’s US$30 million Tiffany & Co necklace, to Beyoncé’s Lorraine Schwartz jewellery

Lady Gaga, Carrie Underwood, Beyoncé and Cate Blanchett have worn some of the most expensive bling on the red carpet ever. Photos: @ladygaga/Instagram,   WireImage, EPA, Getty Images
Lady Gaga, Carrie Underwood, Beyoncé and Cate Blanchett have worn some of the most expensive bling on the red carpet ever. Photos: @ladygaga/Instagram, WireImage, EPA, Getty Images

  • Lady Gaga made history by winning an Oscar, Grammy, BAFTA and Golden Globe in a single year for A Star is Born, dazzling in Tiffany diamonds, while Gigi Hadid stunned at the Met Gala in Jacob & Co
  • Madonna arrived at the 1991 Oscars with Michael Jackson as her date, but it was her Marilyn Monroe look that caught the eye … as did Cate Blanchett’s Chopard ensemble when she accepted her award

The 2023 Oscars are just around the corner, and while all eyes are on the prestigious awards, the spotlight will also be on the fashion queens of the night. Over the years, the Academy Awards’ red carpet has also served as the “catwalk” for the high style and dazzling masterpieces donned by A-list stars.

Here’s our list of 10 of the most eye-catching and expensive items to have featured on red carpets – and guess who appears thrice?

10. Gigi Hadid’s Jacob & Co necklace (US$12 million) – Met Gala 2021

Gigi Hadid at the Met Gala in New York, in September 2021. Photo: Reuters
Gigi Hadid at the Met Gala in New York, in September 2021. Photo: Reuters
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American model and fashion icon Gigi Hadid stole the spotlight at the 2021 Met Gala with her white Prada dress and Jacob & Co jewels.

Gigi Hadid paired her Prada dress with Jacob & Co. jewellery. Photo: Jacob & Co.
Gigi Hadid paired her Prada dress with Jacob & Co. jewellery. Photo: Jacob & Co.

The highlight was a necklace made of multiple round diamonds in collet-style platinum setting centred with a 54-carat diamond drop, worth US$12 million, according to the jeweller. She also paired it with stud earrings totalling 10 carats.

9. Beyoncé’s Lorraine Schwartz necklace (US$12 million) – Grammys 2017

Beyoncé at the 59th annual Grammy Awards ceremony at the Staples Center in Los Angeles, California. Photo: EPA-EFE
Beyoncé at the 59th annual Grammy Awards ceremony at the Staples Center in Los Angeles, California. Photo: EPA-EFE

The Halo singer definitely shone at the 2017 Grammys, thanks to her glittering Peter Dundas red sequinned gown. But the eye-catching piece on her neck was even more dazzling. The Lorraine Schwartz necklace features 400 carats of round diamonds, worth US$12 million, per Elle. She also wore matching Lorraine Schwartz rings.

8. Beyoncé’s Lorraine Schwartz jewels (US$13.1 million) – MTV Music Awards 2016

Singer Beyoncé arrives at the 2016 MTV Video Music Awards in New York, US, in August 2016. Photo: Reuters
Singer Beyoncé arrives at the 2016 MTV Video Music Awards in New York, US, in August 2016. Photo: Reuters

A year earlier, Beyoncé rocked the 2016 MTV Music Awards with another Lorraine Schwartz set, also according to Elle. She flashed a 12-carat pink diamond ring worth US$9 million on her right hand, and three other rings valued at US$2.3 million on her left hand.