This year, King Charles and Queen Camilla made a regal statement by attending all five days of Royal Ascot.
Her Majesty’s jewellery choices garnered particular attention – from a brooch once worn by Queen Elizabeth II to commemorate her Golden Wedding Anniversary, to a striking piece set with a diamond from her Coronation Crown.
Given the historical significance and craftsmanship of royal jewellery, it’s no surprise these pieces are worth a fortune. Naturally, we were curious: what’s the total value of the brooches Queen Camilla showcased at this year’s Royal Ascot?
To find out, fine jewellery experts at UK retailer Steven Stone have analysed each piece – uncovering their fascinating history and estimated value.
Cullinan V
Estimated Value: £2 million ($2.5 million)
On the opening day of the prestigious Royal Ascot, Queen Camilla wore a brooch set with the Cullinan V – a breathtaking 18.8-carat heart-shaped diamond. Originally set in platinum by Garrard in 1911, the diamond was first worn by Queen Mary in her coronation crown that same year. Over time, the Cullinan V became a brooch, eventually passed down to Queen Elizabeth II, who wore it frequently throughout her reign.
Queen Camilla’s decision to wear the diamond in brooch form was rich with sentiment. Not only is it closely associated with the late Queen Elizabeth, but it also featured in Camilla’s own coronation crown for King Charles’ Coronation in May 2023, where it was prominently set in the front cross pattée. Her Majesty has worn the piece on a few notable occasions, including the first garden party of 2024.
With its exceptional craftsmanship and storied royal legacy, the Cullinan V is regarded as one of the most remarkable diamonds in the royal collection — and is estimated by our experts to be worth around £2 million.
Cambridge Cluster Emerald and Diamond Brooch
Estimated Value: £40,000 ($50,000)
On Day Two of Royal Ascot, Queen Camilla chose to wear the exquisite Cambridge Cluster Emerald and Diamond Brooch, complete with its striking emerald pendant. This historic piece was originally passed down to Queen Elizabeth II in 1953 by her grandmother, Queen Mary, and is one of the more sentimental items in the royal collection. The late Queen notably wore it for her Golden Wedding Anniversary in 1997, celebrating 50 years of marriage to Prince Philip.
Crafted in silver and gold, the brooch showcases a vivid central cabochon emerald, encircled by a cluster of brilliant-cut diamonds – a testament to the refined craftsmanship of the late Victorian and Edwardian periods. Its detachable emerald pendant adds to the piece’s elegance and versatility.
The choice of an emerald is deeply symbolic, representing rebirth, renewal, and enduring love – qualities that echo both personal and royal legacy. Queen Elizabeth II wore the brooch on numerous significant occasions, cementing its status as a beloved heirloom.
Today, this timeless piece remains one of the treasured jewels in the royal collection. Our experts estimate its value to be approximately $50,000.
The Jardine Star Brooch
Estimated Value: £120,000
On Day Three of Royal Ascot, Queen Camilla looked radiant in a softly tailored off-white coat dress, perfectly complemented by a wide-brimmed Philip Treacy hat. But, as ever, it was her choice of accessories that truly captivated – most notably, a dazzling diamond star brooch.
The brooch in question is a late-Victorian piece known as the Lady Jardine Star Brooch, inherited by Queen Elizabeth II in 1981. Interestingly, the maker of the brooch remains unknown, as does the true identity of Lady Jardine herself – adding an element of mystery to the jewel’s provenance.
A long-time favourite of the late Queen, the brooch was worn frequently at key public appearances, including Christmas broadcasts, holiday church services, and the Diamond Jubilee River Pageant. Shaped like a radiant star, the piece is crafted from over thirty round-cut diamonds, with nine forming a delicate floral motif at the centre – a beautiful blend of geometry and grace.
With its elegant design and rich royal history, the brooch is estimated by our experts to be worth approximately £120,000.
Raspberry Pip Brooch
Estimated Value: £40,000
On Day Four of Royal Ascot, Queen Camilla chose a deeply sentimental piece from the royal vault: the beloved Raspberry Pip brooch. This elegant jewel, which she also wore at the start of the year for a service at St Mary Magdalene Church, holds special historical significance. Originally part of Queen Elizabeth II’s private collection, it’s believed to have been one of the late monarch’s favourites. However, it wasn’t publicly worn for decades – until Queen Camilla revived it during the 2023 Christmas service, becoming the first to showcase it in recent history.
Shaped like a Georgian cross, the brooch is a breathtaking combination of transparent topaz and sparkling diamonds. Topaz, known for its remarkable clarity, allows the colour of the garment beneath to subtly shine through – a detail that enhanced the brooch’s brilliance against Queen Camilla’s coat.
With its elegant design, royal legacy, and emotional symbolism, fine jewellery experts estimate the brooch to be worth approximately £40,000.
The Rothschild Brooch
Estimated Value: £80,000
On the final day of Royal Ascot, Queen Camilla looked effortlessly elegant in an all-white ensemble, topped with a wide-brimmed hat adorned with subtle monochrome accents. Her look was perfectly complemented by a stunning brooch that hadn’t been seen in public since 1936, having been carefully preserved in the royal vault for nearly nine decades.
This exquisite piece was originally gifted to the future Queen Mary as a wedding present in the summer of 1893. It later became a cherished adornment of the Queen Mother during her years as the Duchess of York. Remarkably, the brooch was last worn in 1936 and has remained unseen in public ever since.
The brooch is beautifully designed in two parts: the upper section features a diamond-set triple-loop bow centered around a striking solitaire diamond. Suspended from this is a delicate diamond chain leading to a circular floral pendant, completely encrusted with brilliant-cut diamonds – a true masterpiece of craftsmanship.
Experts estimate the value of the historic and breathtaking brooch to be around £80,000.
“This year, King Charles and Queen Camilla made a grand statement by attending all five days of Royal Ascot, with Queen Camilla’s jewellery choices captivating everyone’s attention. She began the event wearing the iconic Cullinan V brooch – an 18.8-carat heart-shaped diamond valued at £2 million that also featured prominently in her 2023 coronation crown. The following day, she opted for the elegant Cambridge Cluster Emerald and Diamond Brooch – a cherished Victorian heirloom passed down from Queen Mary, symbolising renewal and lasting love.
Midweek, Her Majesty dazzled in an off-white ensemble accented by the Lady Jardine Star Brooch, a mysterious late-Victorian piece set with over thirty diamonds and rich in royal history. On the fourth day, she revived the deeply sentimental Raspberry Pip brooch, a Georgian cross of topaz and diamonds that hadn’t been publicly worn for decades. She closed the event with the exquisite Rothschild Brooch – last seen in 1936 – an intricate diamond masterpiece treasured in the royal vault for nearly ninety years.
Altogether, the stunning collection she displayed throughout the week is valued at an impressive £2.28 million.”
maxwell stone, creative director, steven stone
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