Titanic Paramount Pictures

Remember the "Heart of the Ocean" that Kate Winslet wore in the 1997 blockbuster "Titanic"?

Well... you could be the proud owner of that very necklace, by participating in a YouTube competition.

According to a report in the Guardian, Fox Mexico has commissioned jewellery designer Daniel Espinosa to recreate that iconic prop.

The studio behind the 3D re-release of the original "Titanic" are to give away one of six necklaces - worth 9,350 ($15,000).

Five of the necklaces will be auctioned to private collectors but a sixth will be up for grabs to the public via a worldwide competition on YouTube, details of which are yet to be announced.

According to the Hollywood Reporter, the replicas, consist of 106 diamond-cut zirconias set in sterling silver and rhodium plating, which surround a blue heart-shaped zirconia.

So will you be the lucky person to own the "Heart of Ocean"?