Apple design chief Jony Ive and his design partner Marc Newson have collaborated frequently on designs for charity in the past. Sometimes they hit the mark, like with this one-of-a-kind Leica camera; other times, it’s a swing and a miss, like this spooky Christmas tree that would look right at home in the White House. Their latest collaboration, a ring made entirely from a single diamond, is over-the-top luxury and I love it. The ring will be up for a (RED) charity auction at Design Miami on December 5th, and Sotheby’s estimates that the ring will go for $150,000 to $250,000.

Ive, who loves minimalism so much that his idea of a perfect magazine cover is a blank one, has once again applied that concept to a diamond ring, opting to replace the metal band altogether with the diamond itself. It’ll be a lab-grown diamond created by Diamond Foundry, the Leonardo DiCaprio-backed company which is certified carbon neutral.

The Sotheby’s description explains, “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.” It’ll be specially crafted for whoever wins the auction, and made to fit up to a US size 5. A ring size of 5 is teeny-tiny (that’s about a 15.6mm diameter), so hopefully, the winner will have small fingers, or be an actual baby.

Here’s the thing: it is beautiful. I would be thrilled if this ring was hidden in my dessert during a botched proposal in which I accidentally ingest the ring. I would be honored to eat this ring. But until I turn into Cardi B, Rihanna, or someone this ring won’t look completely ridiculous on, I will take the poor woman’s version of the Jony Ive all-diamond ring: holding onto an ice cube for a long time until it melts enough for me to put my finger through it.