This diamond encrusted cake is worth 30 million dollars. This cake won't fit into our 15k wedding budget but we can drool all over it, right?

Reality series Cake Boss star Buddy Valastro has created the world’s most expensive cake for a New York socialite who loves lavish parties. The cake includes jewels, precious stones and, of course, flawless diamonds.

New York City socialite Devorah Rose has worked extremely hard to propel herself into the lavish life she lives. Originally from Venezuela, Rose relocated to the U.S. in 1986 and is currently listed as one of the top 50 Media power bachelorettes for 2011 by the New York Observer. She has not inherited her status, but rather works as the editor-in-chief of Social Life Magazine. She is known around town as someone who loves parties and does her best to be seen at all the high profile social events.

The latest event Rose held, “Devorah’s Diamond Gala” is where the $30 million made its debut. Rose approached cable television network TLC and their reality series Cake Boss to create the expensive cake for her party. The price tag on Rose’s cake breaks records for the most expensive cake ever made, beating out the previous record holder which cost $1.65 million. Prior to that, the record holder was a Black Swan cake for $315,000 in China.

Set in Carlo’s Bakery in New Jersey, Cake Boss tries to bring out the nuances of the bakery business by focusing on Buddy Valastro and his family who operate the bakery. Buddy and his team created Rose’s cake by adding jewels and precious stones such as emeralds, rubies, sapphires and of course some flawless diamonds.

How much are you willing to spend on any cake?