<P> Due to The J. Peterman Company's acquisition of this particular necklace through the sale of props from the film, this design is often referred to as the J. Peterman design, though officially the necklace does not hold this designation . This particular design is another blue cubic zirconia; however, it is cut into the shape of a heart rather than a trillion cut . The main stone is surrounded by round cut cubic zirconias and features a white round cut stone at the top where it attaches to the chain . The chain is composed of white round cut cubic zirconias, with a larger inverted pear cut cubic zirconia as the bail . This particular design is featured in the film for a brief moment when Caledon retrieves the necklace from his safe during the sinking, this is the only time the necklace is seen on screen . This particular necklace is believed to still be in the possession of the J. Peterman Company . </P> <P> The third and final design was not used in the film . After the film's success, Asprey & Garrard were commissioned to create an authentic Heart of the Ocean necklace using the original design . The result was a platinum - set, 171 - carat (34.2 g) heart - shaped Ceylon sapphire surrounded by 103 diamonds . This design featured a much larger inverted pear shaped Ceylon sapphire with a subtle cleft to resemble a heart . The chain for this necklace also featured a mix of round, pear, and marquise cut white diamonds . The bail also featured a heart cut white diamond with another round cut diamond attached to an inverted pear shape diamond which was then attached to the cage of the main stone . The necklace was donated to Sotheby's auction house in Beverly Hills for an auction benefiting the Diana, Princess of Wales Memorial Fund and Southern California's Aid For AIDS . It was sold to an unidentified Asprey client for $1.4 million, under the agreement that Celine Dion would wear it two nights later at the 1998 Academy Awards ceremony . This necklace has since not been made available for public viewing . </P> <P> After the release of the film in 1998, The J. Peterman Company sold less expensive reproductions . Their necklace consisted of 137 Austrian crystals and a detachable, inauthentic "blue diamond" pendant packaged in a navy blue, hinged presentation box . This is the only officially licensed reproduction of the necklace . This particular replica can still be found on the secondary market, although likely in used condition . </P> <P> There are many other unofficial inspired reproductions available on the secondary market ranging from as little as five dollars to thousands of dollars . </P>

Where is the heart of the ocean diamond located