Most Expensive Hello Kitty Necklace EVAR!

Behold the most crazy-expensive Hello Kitty necklace I've ever seen. It's a gorgeous piece by Kimora Lee Simmons featuring diamonds, saphires, and gold.  But, really?  I mean...oh good! It's on sale so I can finally afford it! Riiiiight... ;P
Found this "deal" through Hautelook which normally has some pretty great sales.  What do you guys think about it?