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Money, Strange

The $17 Million Dollar Shoes (of Doom?)

This is crazy. A pair of women’s shoes are now the new most expensive shoes in the world, valued at $17 million dollars. The new heels beat the previous $15.1 million record holder, shoes made of 24-carat gold painted leather and rare diamonds.

Called “The Passion Diamond Shoes”, these gold and diamond-encrusted stilettos are believed to be the world’s most expensive shoes.


A pair of high-heels made of leather, silk, gold, and diamonds—including two D-flawless, 15-carat diamonds—has claimed the title of the world’s most expensive shoes, with a price tag of US$17 million.

Created by Passion Jewellers Dubai, in collaboration with Jada Dubai, the shoes were launched late September at the world’s only seven-star hotel, Burj Al Arab, in Dubai.

The pair of stilettos, adorned with precious gemstones and 236 diamonds that are all Flawless D, were designed in Italy and took nearly nine month to produce, according to Hemant Karamchandani, CEO of Passion Jewellers.

Dubbed the Passion Diamonds Shoes, the footwear “reflects the spirit of the Royal Dream, being composed of limited-edition timepieces created for the modern high-society woman,” Karamchandani said in a statement.

The shoes beat the US$15.1-million price record set last October by the one-of-a-kind pair of shoes by British designer Debbie Wingham. Commissioned by an unnamed family, Wingham shoes were made from 24-carat gold painted leather, 18-carat gold thread, and rare diamonds. …

The shoes on display at the hotel are a 36 EU standard size; the companies are now open to inquiries for customized sizes.

Via Barrons

The Passion Diamond Shoes, with a price tag of 62.4 million dirhams (USD 17 million or Rs 1.23 billion), features hundreds of diamonds, together with two imposing D-flawless diamonds of 15 carats each, the report said.

Via FirstPost

Is there not an ancient Italian prophecy which says, “When the shoes of any one person are worth more than the lifetime earnings of most other humans on the planet, I, Fortuna, will reurn to eat the rich”?

A partly NASA-funded study did warn that we are at a recurring historical situation of extreme wealth disparity which has previously signaled the collapse of civilizations. What better to symbolize the current economic disparity than these Passion Diamond Shoes?

A new study partly-sponsored by Nasa’s Goddard Space Flight Center has highlighted the prospect that global industrial civilisation could collapse in coming decades due to unsustainable resource exploitation and increasingly unequal wealth distribution. 

Noting that warnings of ‘collapse’ are often seen to be fringe or controversial, the study attempts to make sense of compelling historical data showing that “the process of rise-and-collapse is actually a recurrent cycle found throughout history.” Cases of severe civilisational disruption due to “precipitous collapse – often lasting centuries – have been quite common.”

The independent research project is based on a new cross-disciplinary ‘Human And Nature DYnamical’ (HANDY) model, led by applied mathematician Safa Motesharrei of the US National Science Foundation-supported National Socio-Environmental Synthesis Center, in association with a team of natural and social scientists. The HANDY model was created using a minor Nasa grant, but the study based on it was conducted independently. The study based on the HANDY model has been accepted for publication in the peer-reviewed Elsevier journal, Ecological Economics.

It finds that according to the historical record even advanced, complex civilisations are susceptible to collapse, raising questions about the sustainability of modern civilisation:

“The fall of the Roman Empire, and the equally (if not more) advanced Han, Mauryan, and Gupta Empires, as well as so many advanced Mesopotamian Empires, are all testimony to the fact that advanced, sophisticated, complex, and creative civilizations can be both fragile and impermanent.”

By investigating the human-nature dynamics of these past cases of collapse, the project identifies the most salient interrelated factors which explain civilisational decline, and which may help determine the risk of collapse today: namely, Population, Climate, Water, Agriculture, and Energy.

Is over $30 million being spent on just four shoes by the super rich a harbinger of doom? The way I imagine it, the super rich already know what’s coming (unstoppable holocene extinction) so we will see even more mad extravagances in the news in the next few years. Because, why not? Interesting times.


About Xeno

E pluribus unum.


2 thoughts on “The $17 Million Dollar Shoes (of Doom?)

  1. Great post!

    Posted by janowrite | 8 Oct 2018, 2:06 pm
  2. Some people have way too much money and way too little common sense!

    Posted by Soul Gifts | 8 Oct 2018, 4:21 pm

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