Royals Princess Margaret's Bracelet Bidding War! Iconic 19th Birthday Jewelry Scores 10 Times Expected Auction Take The Art Deco accessory was expected to fetch up to $55,000, but the highest bidder ended up paying more than half a million dollars when all was said and done By Stephanie Petit Stephanie Petit Stephanie Petit is a Royals Writer and Reporter at PEOPLE. People Editorial Guidelines Updated on September 14, 2021 02:25 PM Share Tweet Pin Email Princess Margaret. Photo: Getty Princess Margaret was known for her glamorous style — and one particularly iconic piece of her jewelry sparked an international bidding frenzy on Tuesday. A Cratier bracelet, dating circa 1925, that was worn by Queen Elizabeth's younger sister for her official 19th birthday portrait in 1949 scored nearly $550,000 after a thrilling auction. The gavel dropped at £320,000, according to the auction house, though post-sale fees brought up the total to £396,800. Sold by Dix Noonan Webb's Jewellery, Watches and Objects of Vertu, the Art Deco piece featuring pearls and diamonds had been expected to fetch a fraction of that price, with pre-sale estimates putting the bracelet's upmost sale price at around $55,000. Before the breathtaking deal, Frances Noble, head of jewelry and associate director at the London-based auction house, called the auction "a rare opportunity to purchase a very personal piece of Royal history with an impeccable provenance." According to the item's description, "the double strand of cultured pearls highlighted by a millegrain-set row of brilliant-cut diamonds, to a cultured pearl and diamond-set shield-shaped clasp of openwork geometric design, millegrain edged, mounted in platinum, the clasp engraved with the ownership mark 'M' beneath The Princess Margaret's coronet, further stamped 'M' for Mikimoto and 'P' for platinum, later fitted case by Cartier." One of Princess Margaret's Most Lavish Ball Gowns Is on Display for the First Time in Nearly 50 Years Princess Margaret's bracelet. Dix Noonan Webb Auctions The bracelet was described before the auction as being in "overall very good condition," although its box is "heavily scuffed" on its exterior. The sale of the bracelet included a Certificate of Provenance from Kensington Palace, dated June 13, 2006. Earlier this summer, a Rolls-Royce Phantom IV limousine built for Princess Margaret went up for auction at Sotheby's. Princess Margaret's dress. JUSTIN TALLIS/AFP via Getty Images Can't get enough of PEOPLE's Royals coverage? Sign up for our free Royals newsletter to get the latest updates on Kate Middleton, Meghan Markle and more! Fans of Princess Margaret's fashion can also visit Kensington Palace and see an elaborate ball gown she donned for an 18th century-themed charity ball in 1964. That fanciful frock and Princess Diana's lavish 1981 wedding gown (25-foot train and all!) are just a few of the pieces included in the Royal Style in the Making exhibit on display in London through January 2, 2022.