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Jay Z gifts J. Cole at BDay Concert with Roc-A-Fella Chain

Jay Z pulled out all the stops Tuesday night during J. Cole "s b-day concert in NYC -- surprising the 29-year-old rapper with an incredible guest performance ... before handing over a priceless piece of rap history.

The crowd went WILD at the Garden -- Hov came on stage and performed "PSA" while J.Cole stood in shock ... it was awesome.

But the best moment by far was when the music stopped ... Jay Z pointed at the diamond chain around J. Cole "s neck -- Jay Z "s original Roc-A-Fella chain from when he founded the label in the 90s.

J. Cole thought he was wearing the chain on loan for the night ... but Jay Z turned to him and said, "That, on your neck, is my original Roc chain -- and it "s yours."

Legendary.

TMZ.com

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