Here's a little fun fact we bet you didn't know. The presentation of jewelry is considered to be the ultimate expression of royalty, authority and wealth. It remains unclear of who exactly invented the first jewelry box however, its origin is not. Macy's is known to have listed the jewelry box in 1948 as one of its top 10 best-selling Christmas gifts. Prior to the 1940's jewelry boxes doubled as musical boxes that safely held fine jewel pieces and gemstones of the wealthy as far back as the Middle Ages.