Blingy Barbie Fetes Fashion Week

Before I get consumed with New York Fashion Week craziness, I had to bring your attention to the most important thing you'll read about this week: The Word's Rarest Barbie!

(Who needs an Obama press conference when you've got a Barbie in a right hand ring, people?)

Mattel asked famous jewelry designer, Stefano Canturi, to put our favorite toast to feminism in his Cubism jewelry - and he did them one better by throwing in a real 1-carat Argyle pink diamond for good measure.

All told, her bling includes over three carats of white diamonds set in a signature Canturi necklace with an empowering right-hand diamond ring to boot - which is why her price tag is a record-setting $545,000 (!)

DeBeers Barbie? Eat your heart out.

"I wanted the jewelry design to pay homage to Barbie's modern yet timeless style, this is why I applied my Cubism design concept to her look; it is perfect for her," Canturi said on his webiste of his Mattel collaboration.

Barb makes her debut tonight at Fashion's Night Out in New York and will be auctioned at Christie's prestigious "Magnificent Jewels" sale on October 20th, with 100 percent of the profits donated to The Breast Cancer Research Foundation.

Who do you think would buy Babs at this price tag? Barbie acolyte, Rachel Zoe? Pink diamond diva, Mariah Carey? Weigh in!