TechnologyAug 03, 2022
Tiffany Introduces CryptoPunk NFT PendantsTechnologyAug 09, 2022
Tiffany & Co.’s CryptoPunk Pendant NFTs Are Sold Out
There were only 250 made available, selling for more than $50,000.
The front and back view of a CryptoPunk pendant by Tiffany & Co. (Image courtesy of Tiffany & Co.)
New York—Tiffany & Co. introduced limited-edition CryptoPunk NFT pendants last week, and they’ve already sold out.
An NFT, or a non-fungible token, is a financial security comprised of digital data stored on a blockchain.
The jeweler’s NFT, called NFTiff, was made available exclusively to CryptoPunk holders.
CryptoPunks is an NFT digital art collection of 10,000 different pixelated punk rock characters on the Ethereum blockchain.
NFTiff holders are able to create an exclusive, custom pendant inspired by their own CryptoPunk character.
The 24x24 pixel art images, generated by an algorithm, were launched by Larva Labs in 2017 and were originally available for free to anyone with an Ethereum wallet.
After all 10,000 were claimed, many were then available for sale by their owners, with some selling for sky-high prices. The most expensive CryptoPunk sale was #5822, which sold for $23.7 million in February.
The average sale price of a character over the last year is 150 ETH, or about $268,000 as of press time, according to the CryptoPunk website.
Tiffany & Co. is known for its timeless, elegant pieces, so the funky style of the CryptoPunk characters gave one Twitter user pause.
Audrey Hepburn gets out of a taxi on Fifth Avenue and pulls a cup of coffee and a pastry out of a paper bag. She gazes through the window at Tiffany's and sees pic.twitter.com/P1n3w94caK
— Kim Bhasin (@KimBhasin) August 1, 2022
While critics may take a negative view of Tiffany’s latest venture, the idea resonated with CryptoPunk holders, who scooped up its NFT.
The pendants went on sale via Tiffany’s NFT website on Aug. 5, and quickly sold out.
There was a limit of three NFTiff passes available for purchase per individual.
The price was 30 ETH, which is the equivalent to about $53,000 as of press time.
We are sold out of all 250 NFTiff. Until the next mint. #NFTiff #TiffanyAndCo
— Tiffany & Co. (@TiffanyAndCo) August 5, 2022
Tiffany’s designers will craft the pendants using the 87 attributes and 159 colors that appear across the collection of CryptoPunk NFTs, matching them with the most similar gemstone or enamel color.
Each pendant will include at least 30 diamonds and/or colored gemstones, set in 18-karat rose or yellow gold on an 18- to 22-inch chain. The back will be engraved with the CryptoPunks edition number.
Holders will also receive a digital rendering of the pendant as an NFT and a certificate of authenticity.
The NFT delivery is scheduled for December while the physical pendant delivery is expected in February 2023.
More on Technology
The Latest
IndependentsMay 13, 2025
Eiseman Jewels’ Renovated Dallas Store Is Bigger and BetterLocated in NorthPark Center, the revamped store is nearly 2,000 square feet larger and includes the first Tudor boutique in Dallas.
MajorsMay 13, 2025
DCA Announces New Learning Platform, Course UpdatesThe nonprofit has made updates to the content in its beginner and advanced jewelry sales courses.
MajorsMay 13, 2025
BIJC Launches New Education FundBIJC President Malyia McNaughton will shift roles to lead the new foundation, and Elyssa Jenkins-Pérez will succeed her as president.
Brought to you by
Las Vegas Antique Jewelry & Watch Show: Showcasing the Most Collectible Merchandise from Across the GlobeGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
TrendsMay 13, 2025
State of Jewelry Design: The Top 10 Jewelry Trends of the Past DecadeAs a nod to the theme of JCK Las Vegas 2025, “Decades,” National Jeweler took a look back at the top 10 jewelry trends of the past 10 years.
Weekly QuizMay 08, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Lab-GrownMay 12, 2025
Lightbox to Go Dark by Summer, De Beers Says The company plans to halt all consumer-facing activity this summer, while Lightbox factory operations will cease by the end of the year.
Policies & IssuesMay 12, 2025
Tariffs on Chinese Imports Temporarily Slashed as U.S.-China Reach Deal Following weekend negotiations, the tax on Chinese goods imported into the United States will drop by 115 percent for the next 90 days.
Brought to you by
Watch: The Winston Red: GIA Examines the Smithsonian’s Newest AdditionSupplier Spotlight Sponsored by GIA
Events & AwardsMay 12, 2025
Jewelry By Picasso, Dalí on Display at Florida Art Museum “Artists’ Jewelry: From Cubism to Pop, the Diane Venet Collection” is on view at the Norton Museum of Art through October.
Events & AwardsMay 12, 2025
CASE Awards Now Accepting Entries For 2025The deadline to submit is June 16.
IndependentsMay 09, 2025
Lugano Diamonds CEO Resigns Amid Internal InvestigationMoti Ferder stepped down Wednesday and will not receive any severance pay, parent company Compass Diversified said.
CollectionsMay 09, 2025
Pieces of the Week: Marie Lichtenberg’s Collaborations for Mother’s DayLichtenberg partnered with luxury platform Mytheresa on two designs honoring the connection between mothers and daughters.
SourcingMay 09, 2025
Gemfields Resumes Emerald Mining in ZambiaThe miner announced plans to recommence open-pit mining at Kagem.
CrimeMay 08, 2025
Former NYC Jewelry Store Employee Arrested in 2017 Choking Death of Boss Michel Desalles allegedly murdered Omid Gholian inside World of Gold N Diamond using zip ties and then fled the country.
EditorsMay 08, 2025
5 ‘Superfine’ Met Gala Jewelry MomentsAssociate Editor Lauren McLemore shares her favorite looks from a night of style inspired by Black dandyism.
Supplier BulletinMay 08, 2025
Instappraise Introduces Game-Changing Trifold Appraisal FormatSponsored by Instappraise
FinancialsMay 08, 2025
Brilliant Earth Notes an Uptick in Engagement Ring Sales in Q1CEO Beth Gerstein discussed the company’s bridal bestsellers, the potential impact of tariffs, and the rising price of gold.
IndependentsMay 08, 2025
Margot McKinney Lands in the U.S. With New BoutiqueThe brand’s first independent location outside of Australia has opened in Beverly Hills, California.
IndependentsMay 08, 2025
Verragio Announces New Regional Sales ManagerCathy Marsh will lead the jewelry company’s efforts in the upper Midwest and western United States.
FinancialsMay 07, 2025
Pandora Posts Strong Q1, Plans for TariffsThe company has multiple strategies for dealing with tariffs, though its CEO said moving manufacturing to the U.S. is not one of them.
ColumnistsMay 07, 2025
The Smart Lab: Building a Seasonal Marketing Strategy for Mother’s Day and BeyondConnecting with your customers throughout the year is key to a successful holiday marketing push.
SourcingMay 07, 2025
Gemfields Says Emerald Sales Improved in Latest AuctionIts commercial-quality emerald sale held last month totaled more than $16 million, up from about $11 million in September 2024.
AuctionsMay 06, 2025
Harwell Godfrey Reimagines 10-Carat Blue Diamond for Met Gala-Ready BroochDesigner Lauren Harwell Godfrey made the piece as an homage to the 2025 gala’s theme, “Superfine: Tailoring Black Style.”
Events & AwardsMay 06, 2025
Here’s Who Made Jewelers of America’s New ‘20 Under 40’ ListExpanded this year to include suppliers, JA’s 2025 list honors 40 up-and-coming professionals in the jewelry industry.
IndependentsMay 06, 2025
Sissy's Log Cabin Opens New StoreLocated in Fort Smith, it’s the Mid-South jeweler’s first store in Northwest Arkansas.
IndependentsMay 06, 2025
Gunderson’s Jewelers to Be Featured on ‘World’s Greatest’ TV SeriesThe episode about the family-owned jeweler will premiere May 17.
IndependentsMay 05, 2025
Zadok Jewelers Opens Store in AustinThe Houston-based jeweler’s new 11,000-square-foot showroom will include a Rolex boutique.
