It comprises 50 collections of a total of over 4,000 jewels and small ornaments dedicated to the history and art of jewellery making.

Today this building houses the museum exhibition spaces on two levels, a gift shop, a café and an auditorium/hall which can be used for a variety of functions.

The ILJM was the first museum in Greece designed to be accessible for visitors with disabilities.

Originally it was the home of the museum's founder and namesake, Ilias Lalaounis.

The permanent exhibition features over 3,000 jewelry items and micro-sculptures from 50 collections designed by Ilias Lalaounis between 1940 and 2002.