Tiffany & Co. is continuing its experimentation of NFTs with the launch handcrafted “NFTiffs” from Tiffany & Co. artisans. The offering is only available to CryptoPunks holders.

As reported by Decrypt, the brand’s sale, which goes live on Aug. 5, will include 250 NFTiffs, and if sold, Tiffany & Co. will launch a limited edition piece which could cost $12.7M.

“We’re taking NFTs to the next level. Exclusive to CryptoPunks holders, NFTiff transforms your NFT into a bespoke pendant handcrafted by Tiffany & Co. artisans. You’ll also receive an additional NFT version of the pendant,” reads a tweet posted by the company on July 31.

Buyers will snag a digital and physical version of the NFT valued at 30 ETH, which works out to CA$63,990, US$49,809, at the time of writing.

The pendants will apparently have “at least” 30 diamonds or gemstones attached through a 18K gold chain with five pave diamonds on the clasp.

Early access will be provided to 100 CryptoPunks holders on Aug. 3 starting at 10AM EST. Eligible participants will be contacted with additional information from a NFTiff representative.

Main photo is courtesy of Tiffany & Co.