A Bulgari Necklace With a Jazz Age Flair

This shape-shifting sautoir, which can also be worn as a brooch, pendant or choker, features a shimmering jewel-encrusted tassel.

The tassel has been used as decoration at least since the time of the ancient Egyptians — one made of gold and silver was found in the tomb of Tutankhamen — but for fine jewelers, its heyday was the 1920s, when hemlines rose to the knee as waistlines and necklines plunged. The flapper’s boyish silhouette became the ideal, leading to the popularity of the sautoir, a long necklace often ending in a tassel, strung with tiny pearls or gemstones, that nestled against the breastbone. It could be twirled languidly as one

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