Cate Blanchett Wears $1.5M Tiffany Blue Book Diamond Bib Necklace

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The lovely Cate Blanchett, a veteran of the red carpet, stole the show at the 18th Costume Designers Guild Awards when she arrived in a fabulous ensemble.

We rarely see this movie superstar in figure-hugging, slinky dresses, but this dress style definitely suits her.

Cate Blanchett in a black gown from Atelier Versace at the 18th Costume Designers Guild AwardsCate Blanchett in a black gown from Atelier Versace at the 18th Costume Designers Guild Awards at The Beverly Hilton Hotel in Los Angeles on February 24, 2016 (Credit: WENN / Brian To)

Cate wore an Atelier Versace black dress with a form-fitting style that had an almost liquid-like, slithery effect.

Cate Blanchett styled her chainmail black gown with a necklace worth a fortuneCate Blanchett styled her chainmail black gown with a necklace worth a fortune (Credit: WENN / Brian To)

The backless number was topped with a stunning Tiffany necklace that was blindingly sparkly. With its bib style, the diamond necklace looked like part of the dress’ neckline.

Cate Blanchett shows off her Tiffany & Co. Diamond bib necklace from the 2016 Tiffany Blue Book collectionCate Blanchett shows off her Tiffany & Co. Diamond bib necklace from the 2016 Tiffany Blue Book collection (Credit: WENN / Brian To)

Decorated with countless diamonds of different sizes, the sparkling accessory added extravagance to the ensemble. Reportedly, this necklace has a price tag of about $1.5 million!

Cate Blanchett's necklace features over 3,400 round brilliant diamonds in a setting of fine platinum linksCate Blanchett’s necklace features over 3,400 round brilliant diamonds in a setting of fine platinum links (Credit: WENN / Brian To)

Want to make a glamorous statement without having to spend too much?

We found five great alternatives from Shopbop and Nordstrom that we hope you’ll like:

1. Kate Spade New York Purely Pearly Statement Necklace $298Kate Spade New York Purely Pearky Statement Necklace

2. Kendra Scott ‘Giada’ Collar Necklace, $395Kendra Scott 'Giada' Collar Necklace

3. Kenneth Jay Lane Three Row Bead Necklace, $250Kenneth Jay Lane Three Row Bead Necklace

4. Topshop Metallic Leaf Necklace, $40Topshop Metallic Leaf Necklace

5. Raga Layered Beaded Statement Necklace, $75Raga Layered Beaded Statement Necklace