Weighing an impressive 150 carats, it costs $70 million (€52.4 million) to buy

Mar 27, 2012 19:51 GMT  ·  By

Diamonds might be a girl's best friend but all the other diamond rings out there are just wannabes when compared to this impressive bauble. Shawish Jewelry has created the world's first diamond diamond ring.

As OhGizmo puts it, every other diamond ring out there is improperly called so, because it's just a gold or platinum ring with one or more diamonds set on it.

This amazing piece of jewelry (see the attached photo to get a fair idea of how amazing it is) is actually a ring that's been carved into a giant diamond.

This way, the world's first diamond diamond ring has been created.

The piece is not new but, until now, it hasn't been topped – or sold, for that matter. It's in a league entirely of its own.

Weighing in at 150 carats, it has an asking price of $70 million (€52.4 million), so it's no wonder buyers aren't exactly rushing to get their hands on it.

Eventually though, given its unique features, it will most likely find a home.

“The above is not a gadget, not exactly new, but it is all kinds of amazing. It’s the creation of Mohamed Shawesh, President and CEO of Shawish Jewelry. It could be called 'the world’s first diamond ring' and it wouldn’t be a lie,” the aforementioned e-zine says.

“Using lasers and traditional diamond cutting and polishing techniques, the ring weighs in at an impressive 150 carats,” OhGizmo writes.

The one of a kind bauble took no less than an entire year to make, which isn't that surprising given the complexity of the task.

Its design is patented, “much like the Coca Cola bottle is,” says the same publication.

The diamond ring was recently exhibited, which means that, most likely, it's yet to find a buyer.