Tiffany & Co. and the Council of Fashion Designers of America (CFDA) have launched their 2026/2027 jewelry design award, which also introduces a new scholarship for an emerging design student.

The collaboration will mark the debut of the Tiffany x CFDA Jewelry Design Scholar Award, the CFDA said Monday. The prize will comprise a $25,000 grant and a summer apprenticeship for an early-career jewelry design student.

Meanwhile, the Tiffany & Co. x CFDA Jewelry Designer Award gives finalists funding to develop a three- to five-piece collection, along with creative mentorship and a program dedicated to craft and material exploration.

Finalists will receive individual mentorship from Tiffany & Co.’s design team and present their collections to the selection committee, with the program concluding in an award ceremony at The Landmark, the brand’s Fifth Avenue flagship. One winner will get a $50,000 grant and a one-year fellowship with the Tiffany design team, CFDA added.

The selection committee includes vice chairman of jewelry at Sotheby’s Frank Everett, actress Gabrielle Union and Jameel Mohammed, the recipient who received the inaugural award in 2025.

Tiffany will announce participants in the fall and name the winner in early 2027.