The jewelry industry has a new winner.
A Swedish brand has won a gold medal at the European Commission’s World Jewelry Expo in Brussels, Belgium.
The new Nordstrom necklace, which costs $250,000 (€195,000) and is made from stainless steel, was unveiled Monday.
It features a diamond on the necklace that is surrounded by the word “Nordstrom” and the word Nordstrom.
The word “nord” is Swedish for “peace.”
The Swedish company, which sells the jewelry to customers across Europe, said the necklace is designed to honor Nordstrom, the iconic Swedish retailer that has made jewelry and clothing for over 100 years.
The necklace has been inspired by the brand’s recent acquisition of a number of American brands, including Levi Strauss and the iconic Tommy Hilfiger brand.
In a statement, Nordstrom said the brand was inspired by its longstanding ties with the United States, where it was founded in 1865 and operates in about 40 countries.
“Nord’s dedication to quality, comfort and service have made the Nordstrom name synonymous with style, comfort, and luxury for many generations,” the company said.
“We are thrilled to be a part of this exciting new era in the jewelry industry and look forward to working with our partners in the industry to bring the latest innovation and high-quality products to consumers in the U.S. and across Europe,” the statement said.