Queen Elizabeth II's nickname for diamond brooch gifted from grandmother worth £50million

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Queen Elizabeth II named her £50million diamond brooch which was gifted to her by her grandmother, a report has claimed. The jewels, which held both huge historic and monetary value, were passed down by Queen Mary.

The late monarch wore the brooch on a handful of occasions throughout her 70-year reign.

According to the Mirror, the Queen nicknamed the two enormous Cullinan III and the Cullinan IV diamonds “Granny’s Chips”.

However, the nickname appears to not only have come as a nod to the Queen’s grandmother.

The nickname instead appears to stem from the fact that the Cullinan III and Cullinan IV diamonds were cut from a larger stone.

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Jewellers suggest the brooch could be worth more than £50million, making them the most valuable in the world.

Scientists also claim the diamonds were formed 250-400miles below the earth’s surface some billion years ago.

This would mean the diamonds pre-date dinosaurs and any other form of life on our planet.

The jewels were gifted to King Edward VII as a badge of loyalty from the South African British Colony in 1905.

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