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Esther's Talisman is a silver necklace which was created by Ayana, being passed down to her mentee, Esther. At some point before her death, Esther had handed the amulet down to her daughter, Rebekah, for safe-keeping.
During the early 1920s as Rebekah and Klaus tried to evade their vengeful father, Mikael, Rebekah had lost the talisman during their escape. Stefan Salvatore found it, not knowing it was Rebekah's due to Klaus' compulsion, and gave it to Alex Gilbert many decades later.