Most Expensive Red Carpet Jewelry of All Time

68. Katy Perry’s Yellow Diamond Ring

Designer: Harry Kotlar
Event: 2015 Grammys
Worth: $2 million*

The unique color of yellow diamonds comes from nitrogen being present in their composition. The nitrogen absorbs all blue light, turning the stone into a beautiful yellow shade. Canary yellow diamonds are the rarest of these, as they have an intense, deep yellow color. The natural process that creates a canary yellow diamond is very uncommon, which is why jewelry featuring these stones can cost millions.

Katy Perry's Yellow Diamond Ring ©Kathy Hutchins / Shutterstock.com


Katy Perry’s Yellow Diamond Ring ©Kathy Hutchins / Shutterstock.com

Katy Perry wore a canary yellow diamond ring worth a whopping $2 million on the red carpet at the 2015 Grammys. The ring was designed by Harry Kotlar, and it was a good example of how a rare, cushion-cut diamond like that can be so expensive.