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What is a crown jewel?

What is a crown jewel? Here are some definitions.

Noun
  1. A prized possession or asset, originally one making up part of the royal regalia.
  2. A valuable part of a company, especially one that is sought by another in a hostile takeover.
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Examples
Despite being the crown jewel of the Warsaw Pact, East Germany's social and economic infrastructure lagged far behind that of West Germany.
The crown jewel of the collection is a ballgown of tulle with a beaded bodice.
But the crown jewel is the restored Verde Canyon Railroad, which steers visitors through the layers of time in Clarkdale and the surrounding countryside.
She had already won the same contest twice, in 1998 and '99, before turning her attention to her sport's crown jewel, the Fitness Olympia.
You won't mind wintry skies at the skating rink in Forest Park, which is the city's crown jewel and an even better destination in the summer.
This bill would provide protection for what is a crown jewel but is without protection.

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