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The Paris Tiara is a papal tiara given to Pope Leo XIII by the people of Paris in 1888 to commemorate his Golden Jubilee as a priest.
It was designed and manufactured by Émile Froment-Meurice.
As the adjacent image shows, it appeared in various paintings of Pope Leo and was heavily identified with him.
It was valued at $250,000 in 1903.
References
Paris Tiara Wikipedia(Text) CC BY-SA