First Hokage's Necklace

The was the necklace worn by Naruto Uzumaki. It is made from is a special and was once worn by the First Hokage. Were one to sell it, three mountains could be bought with the profits.

History
The First Hokage's grandaughter, Tsunade, inherited it several decades before the start of the series. She in turn gave it to both her younger brother, Nawaki, and her lover, Dan, in the hopes that it would help them achieve their dreams of becoming Hokage. Both died soon after receiving the necklace during the Second Great Shinobi World War, returning the necklace to Tsunade's possession and leading others to believe the necklace was cursed. Believing this, Tsunade kept the necklace for herself for the next few years and lost faith in those who dream of becoming Hokage.

In Part I of the series, Tsunade meets Naruto Uzumaki. Not only does he dream of becoming Hokage but he also bears a resemblance to Nawaki and Dan. Deciding to tempt fate one more time, Tsunade makes a bet with Naruto: if he can master the Rasengan in a week, therefore proving himself worthy of the position of Hokage, she will give him her necklace. He agrees and is able to accomplish the task, prompting Tsunade to put faith in the title of Hokage and the necklace one more time.

In Part II, when Naruto loses control upon advancing to his six-tailed form, the necklace activated in an attempt to stop the transformation. However, due to the overpowering influence of the Nine-Tailed Demon Fox, it destroyed the necklace. Yamato claims that without the necklace, it would be impossible for him to help Naruto suppress the Nine-Tails' chakra any longer, were it to resurface. However, this may not be completely true, as Yamato once again tried to suppress the transformation while they are in the Falls of Truth, without the necklace's assistance.

Abilities
A power unique to Hashirama was the ability to control jinchūriki and the tailed beasts. This ability was enhanced by the necklace, which responded to his chakra, allowing him to control the chakra of the tailed beasts. It is said that Hashirama's Hokage-style Sixty-year-old Technique - Kakuan Entering Society with Bliss-bringing Hands responds to this necklace to suppress the Nine-Tails' chakra when it influences Naruto. Yamato at some point in time added a seal to the necklace that would activate when Naruto called upon too much of the Nine-Tails' chakra, attempting to restrain him and alerting Yamato to what was happening.

Trivia

 * In the English anime, in likely a dubbing mistake, Jiraiya states that there were only two like it in the world.