A diamond-studded necklace thought to be linked to a scandal that hastened the downfall of the doomed 18th century queen of France, Marie Antoinette, sold at auction in Geneva on Wednesday for 4.26 million Swiss francs ($4.

Since the Revolution, the Diamond Necklace Affair has inspired several works of literature and films. The diamonds of the original necklace, crafted in the 1770s, were later sold piecemeal on the black market and so are almost impossible to trace.

Composed of approximately 300 carats of old mine-cut diamonds, the historic piece was once worn during royal coronations and is rumoured to hold ties to the scandal that tainted Marie Antoinette’s reputation.

The piece was at the centre of a scandal in the 1780s known as the 'Diamond Necklace Affair' in which a hard-up noblewoman named Jeanne de la Motte pretended to be the French queen and acquired the necklace in her name without payment.

How the Affair of the Diamond Necklace changed history—and why 18th-century jewelry remains an eternal holy grail.

Tobias Kormind, managing director of Europe’s largest online diamond jeweller 77 Diamonds, shared his thoughts on the jewellery's historic allure: "A scandalous link to Marie Antoinette and the dramatic end of the French monarchy, this historic necklace, which is unusually intact for a Georgian jewel, has it all."

A 300-carat necklace, whose diamonds have been linked to a scandal involving the last French queen Marie Antoinette, sold Wednesday for nearly $5 million at a Sotheby's auction in Geneva.

The necklace containing around 300 carats of diamonds was bought by an unidentified woman who put in her bid over the phone, Sotheby's said.