Talk about an investment piece. British designer Debbie Wingham debuted what she calls the world’s most expensive dress in Dubai on Wednesday. The asking price for the loosely fitted Arabic style dress? $17 million.
Why so much for a dress that’s not exactly the most groundbreaking look, especially in North Africa and the Middle East? Most of that value comes from a very rare “red diamond” that hangs off the poinsettia-style embroidery along the neckline.
Wingham, who previously designed a dress adorned with black diamonds (retail value: $5.6 million), borrowed the stone from a gem collector. “She came to my atelier when I was working on the…black diamond dress and said, ‘Debbie you should have said you were doing this, you could have borrowed something spectacular from me’,” Wingham told Today.com. “The thought of being able to use a red diamond, a stone that most jewellers don’t even ever get to see in their lifetime, was too much of a good opportunity to pass by.”
While the red diamond is the piece de resistance, the dress also incorporates 3000 other jewels. While 1000 pointer rubies and 1899 black-and-white pointer diamonds make up the bulk of the sparkle, 50 two-carat black diamonds and 50 two-carat white diamonds up the luxury (not to mention the price tag). Oh, and the thread is made from 14 carat gold.
Which Real Housewife would be crazy enough to spring for this? Unfortunately the dress is just a showpiece. “The red diamond is borrowed, and they are so rare I could never get another one, nor would the private collector ever want to sell,” she says.
Not to mention if anyone ever did find the appropriate occasion to wear this, the mandatory accessory would be half-a-dozen bodyguards. Wearing $17 million worth of diamonds is just asking for a kidnapping.