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They say diamonds are a girl’s best friend. If that’s the case, this ring ought to provide a lifetime of companionship.

Swiss jewelry company Shawish has created a diamond ring from one massive hunk of rock. To be precise, this is 150 carats of pure bling we’re talking about. According to the Daily Mail, the ring, which is valued around $70 million, took one year to create, using special laser equipment.

(SPECIAL: How Diamonds Are Made)

The company is claiming it to be “the world’s first diamond ring,” and while that assertion isn’t backed up, it’s clear that the ring is no doubt impressive. Just to give perspective, Elizabeth Taylor’s famed ring was 33.19 carats while Kim Kardashian’s clocked in at 20.5 carats.

Either way, some lucky lady will be set for life.

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Erica Ho is a contributor at TIME and the editor of Map Happy. Find her on Twitter at @ericamho and Google+. You can also continue the discussion on TIME’s Facebook page and on Twitter at @TIME.