If one is going to invest a small fortune in a piece of jewelry, it might as well be multi-purpose.

At least, Hearts On Fire thinks so.

Revealed at the Couture show this year, designer Ilaria Lanzoni created the Lorelei Floral Convertible Necklace so it could be worn in four different ways: as two separate necklaces or as a detachable pendant or pair of earrings.

The 18-karat white gold and diamond masterpiece costs $160,000 at HeartsOnFire.com.

See the below slideshow for the full rundown of the piece’s many looks.

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Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.