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Malaysian Designer to Debut $30 Million Diamond Dress

Filed under: Apparel, Jewelry


Malaysian designer Faisol Abdullah is creating the world's most expensive dress decorated with 751 diamonds from Middle Eastern jeweler Mouawad. The $30 million frock tops Chris Aire's $20 million diamond dress (above) created last year and ties the $30 million diamond bikini in terms of the world's most expensive item of clothing. Abdullah plans to debut the silk and taffeta evening gown, which features a central 70 carat pear-shaped diamond and is dubbed the "Nightingale of Kuala Lumpur," in time for next month's STYLO Fashion festival in the Malaysian capital. Mouawad, which produces Heidi Klum's jewelry line, is a red carpet favorite of Nicole Kidman, Angelina Jolie, Jennifer Lopez and Britney Spears.

"Stocks drop, gold is even falling but a diamond is forever," Abdullah tells Reuters. "This is a dress with diamonds. Why go backwards, why can't we go forwards? We are going to the fantastic, but its real. You are getting value for money with these diamonds." "It's a security and insurance nightmare buts it's worth it," adds Antoine Bakhache, head of Mouawad's Asia operations. "It's not throwing $30 million right down the drain, it is an investment for the super-rich." Nancy Yeoh, chief executive of STYLO which commissioned the dress, says they plan to present the garment to royal courts around the world starting with the Middle East, noting, "It's art and there are still enough rich people who would want to buy."

Chris Aire Seven Hearts Necklace

Filed under: Jewelry

Last year, jeweler Chris Aire dazzled us with his UNI collection, this year for Valentine's Day, the IceMan is giving us seven hearts of love, one for every day of the week. The necklace is done in Aire's signature red gold with pave round diamonds tightly grouped on the top of each gold heart. At $6,980 that's nearly $1,000 worth of love for each day of the week.

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