A $250,000 all-diamond ring might sound rare, but in the land of milk and honey, it's all too familiar. The last Migos video had that much on Quavo's left wrist alone. But this specific ring has a bit more of a tech feel and is surrounded by the "clout" one might see from a new iPhone release. Jony Ive, the most celebrated Apple designer of recent history and Mark Newson, the really good industrial designer who concocted these rare gems with Nike ﻿set out to create a diamond ring for charity and did just that.

The ring, made entirely from a single diamond, will be released during Art Basel Miami for the (RED) charity auction at Design Miami on December 5th. According to The Verge, this unique ring is a lab-grown diamond created by Diamond Foundry, the Leonardo DiCaprio-backed company which is certified carbon neutral.

Although Sotheby's estimates the auction price to be somewhere around $150K-$250K, it's anyone's guess as to how much the ring could actually go for.

Sotheby's says: "The diamond block will be faceted with several thousand facets, some of which are as small as several hundred micrometers. The interior ring will be cylindrically cut out for the desired smoothness using a micrometer thick water jet inside which a laser beam is cast."

If you're in the market for a new engagement ring and price isn't exactly a dealbreaker, this may just be the ring for you. Good cause, ethically grown and designed by Apple (kinda), this ring might not connect to your personal devices, but it does not lack any drip, whatsoever.