we're Obsessed!

Michelle Obama is famous for her fabulous fashion choices. The same is true when it comes to her jewelry. On inauguration day, she put on a pearl necklace by Cathy Waterman under her gorgeous Thom Browne coat for church services in the morning. While every angle of the First Lady's look seemed to be photographed, the strands—that will go to the National Archives—stayed under wraps. These gorgeous strands by the designer give us an idea of just how fabulous the necklace must have looked.

$17,300; barneys.com

—Marion Fasel, Contributing Editor, Fine Jewelry and Watches