Last night was a star studded affair in Los Angeles with the Academy Awards overpowering the town. Every A-list celebrity was there- from Barbara Streisand to George Clooney and everyone in between and people were surely dressed to impress- especially the ladies of Hollywood. Not only were they in designer couture, but they were also DRIPPING in diamonds and exquisite jewels as well.
However, what you may not know is that these expensive pieces of jewelry were LOANED to them, as in, they borrowed them for the night and had to give them back first thing this morning. These 8 women pictured, alone, were wearing jewelry that equated to over $14 million!
In fact, much more goes into the celeb jewelry renting process than you would think! Most of the women had to sign numerous documents, allow security guards to follow them for the night, and look over the insurance policy taken out on the diamonds to ensure that they know the true value of what they are putting on their bodies. They are also watched intensely by the jewelry designers themselves and wait anxiously to hear these beautiful women praise their pieces on the red carpet. If the celebrities do not uphold any of their promises, their reputation with the designers will be tarnished and depending on the clauses in the documents that were signed, they can actually be sued as well!