Queen Had Sentimental Nickname for $55M Diamond Brooch That Could Be Inherited by Kate Middleton

• Queen Elizabeth gave a sentimental and sweet nickname to an accessory she inherited from her grandmother.

• The late Queen's brooch diamonds are older than the world and have a fascinating history.

• Kate Middleton reportedly will get "the lion's share" of the Queen's jewelry, but Camilla "gets the first choice."

• Meghan Markle's chances for the Queen's jewelry reportedly are not as bright as Kate's.

With their dazzling crowns, breathtaking rings, and gorgeous tiaras, members of the Royal Family are known for having a jewelry collection that most people could only ever dream of.

Being the former monarch, Queen Elizabeth II was not an exception. She had numerous sentimental jewelry pieces from former monarchy leaders, including those passed down to her.

Out of all her stunning pieces, reports have revealed that the late monarch had particular jewelry, which she held dear to her heart and gave a sentimental nickname. According to reports, the piece was a diamond brooch that Queen Elizabeth inherited from her grandmother.

Made up of two giant diamonds — called Cullinan III and Cullinan IV— the prized possession was only worn by Her Majesty a handful of times, including during her Diamond Jubilee celebrations in 2012.

According to jewelry experts, the brooch made by Carrington & Co in 1911 is worth more than £50 million, considering that the Cullinan III weighs 94.4 carats and the Cullinan IV weighs 63.6 Carats.

Due to its hefty price tag, the sentimental item is considered the most valuable brooch in the world. Queen Elizabeth cherished the heirloom throughout her lifetime, especially due to how she received it. The late monarch sweetly nicknamed the diamond brooch "Granny's Chips" after her lovely grandmother.

However, there have been other speculations regarding the sentimental nickname of the accessory. For example, many believe the name "Granny's Chips" derives from "Classically British Dry Humor."

According to speculations, the piece is nicknamed Granny's Chips because the Cullinan III and Cullinan IV diamonds, cut from a larger stone, were "small chips" compared to other diamonds cut from the Cullinan.

The Brooch's Fascinating History

Besides coming with a hefty price tag, the accessory also has a significant historic connection. According to reports, the diamonds that make up the brooch were formed anywhere from 250-400 miles below the earth's surface, dating back to about a billion years ago.

Then, at some point, Meghan Markle will reportedly get to pick from the jewelry collection, but Nicholl believes that the Duchess of Sussex is "down the pecking order."

With a total weight of 3106 carats, the Cullinan diamond is believed to be the largest gem-quality diamond ever found. On top of its considerable size, the diamond was named after Thomas Cullinan, who found the gem at the Premier mine near Pretoria in 1905.

Two years after Cullinan discovered the diamond, the people of South Africa gifted King Edward VII the rare gem as a badge of loyalty.

Once the Cullinan arrived in England, it reportedly took months for craftsmen to transform the diamond into a selection of gems that would become part of the crown jewels and the personal collection of the notable family members.

After 18 months of constant work, the Cullinan was finally cut into smaller pieces, each given a Roman numeral from I to IX.

Afterward, King Edward VII gifted Cullinan III and IV as a reward for hard work to the Asscher brothers, who had initially tried to cut the stone before the craftsmen took over.

After some time, South Africa reportedly purchased the two diamond pieces from the Asscher brothers. Eventually, South Africa would gift the gems to Mary, the future Queen consort.

In 1911, the Queen consort wore the two diamond clip for the first time at her coronation in Westminster Abbey. Over four decades later, when Queen Elizabeth was 27 years old, Mary gifted her granddaughter the heirloom ahead of her 1953 coronation.

To this day, the nickname "Granny's Chips" remains proof that despite the mega worth of the jewels, it is, first and foremost, a beloved family heirloom and a constant reminder of the love the late Queen Consort had for her granddaughter.

Kate Might Be Handed "Lion's Share" of the Queen's Jewelry

It has been almost a month since Queen Elizabeth passed, and there have been debates on who will inherit what from the Royal household.

Things like crown jewels, several royal ceremonial objects, and the late monarch's prized possessions, comprising family heirlooms, gifts, and Queen Elizabeth's items, will be handed down to members of the Royal Family.

However, experts believe there is an order for the late Queen's possessions to be passed down. According to Royal Commentator Josh Rom:

"It is likely she would want to pass on items from her private collection to her loved ones. The bulk of the collection will pass to Charles — with Camilla as his Queen Consort — and then Kate, so they may not be left anything big in the will."

Meanwhile, some experts believe that the Princess of Wales will get the biggest part of Queen Elizabeth's jewelry collection, while Camilla, Queen Consort, will get to choose first.

According to Royal Expert Ingrid Seward, Queen Elizabeth had already decided and ordered the distribution of Her Majesty's possessions before her demise. As a result, Seward believes that Kate will get the lion's share of the Queen's collection.

While Seward is convinced that the former Duchess of Cambridge will get the biggest share, Royal Expert Katie Nicholl claims that due to the hierarchy in all of this, Camilla, Queen Consort gets the first pick before Middleton.

Then, at some point, Meghan Markle will reportedly get to pick from the jewelry collection, but Nicholl believes that the Duchess of Sussex is "down the pecking order."

This is because the late Queen's jewelry collection will allegedly be inherited by the women to follow on the throne before other members of the Royal Family.

The coming days and months hold a lot for the Royal Family members as they try to adjust to the Queen's absence. But royal loyalists can only hope things go smoothly without controversies.