Apple’s design boss Jony Ive and his design partner Marc Newson have teamed up to design an all-diamond ring for charity. The ring is made entirely from a single diamond. It’s going to be auctioned at a (RED) charity event at Design Miami on December 5th. Auction house Sotheby’s estimates that this ring could fetch between $150,000 to $250,000.

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Ive’s love for minimalist design is well known and we can see that reflected here in this ring. The metal band that’s conventionally a fundamental part of the ring has been done away with in favor of a minimal design that fashions the band from the diamond itself.

The stone is a lab-grown diamond from Diamond Foundry. It’s a company backed by Leonardo DiCaprio that’s certified carbon neutral. The auction’s winner will have it specially crafted for them and it will be made to fit up to a US size 5. The auction will take place at Design Miami on December 5th at 7PM EST.

Per the listing on Sotheby’s, “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.”

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