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Diamond of the Day

If diamonds are a girl's best friend, then this 7.03 carat platinum engagement ring is a girl's BFF! (That's best friend forever, for those of you who aren't good with acronyms.) Believe it or not, this spectacular rock, which has a retail price of $55,000, is actually on sale for $31,750 at FutureFashionista.com. (That's 42% off for those of you who aren't so good at math!) The Platinum mounting is set with 142 round-cut diamonds, which add up to approximately 1.50 carats. The ring size is 6.75, and the band is signed by the designer -- one Sophie D.

Of course, $31,750 is a steal in comparison to the amount of money spent on your average celebrity's engagement ring. After doing a little research, I found out that Paris Hilton's engagement ring cost $4.7 million, while Jennifer Lopez's only cost $1 million. I guess cost is always a matter of perspective.
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