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Kate Wears a $78,000 Necklace During the Day

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Rex USA

The Duchess of Cambridge sported a modest outfit during a pre-Olympics outing in London on Thursday, but her one seemingly simple accessory actually came with quite a hefty price tag.

Kate’s Olympic-style necklace is from Cartier and is said to be from her personal collection. It happens to come at a price of $78,000, too, a source at the store in London tells PEOPLE.

The necklace, from the Trinity range, is made from white and yellow gold and, with its five rings (capped with a large one at its pendant), she felt it was “appropriate” to wear for the event, which celebrated pictures of leading athletes at the National Portrait Gallery in London.

Beyond confirming it was from her “private collection,” a spokesman at Kate’s office would not comment on the piece, or its price or whether she received it as a present.

–Simon Perry

SHOP CELEB-WORTHY BLING FOR A BARGAIN