Top5 Most Expensive Shoes Ever

Iconic shoe designer Stuart Weitzman is well-known for his sumptuous style and sophisticated designs. So it should come as no surprise that he's also known for designing the world's most expensive shoes. Renowned for using unique materials, he's kicked it up a notch -- his heels, that is. Packed full of diamonds and rare gemstones, these stilettos will dazzle your eyes and drain your wallet. For full effect, read aloud in your best Robin Leach imitation.

5: Weitzman's Platinum Guild Stilettos

Laura Herring arrives in (expensive) style to the 74th Oscars in 2002.

These gorgeous strappy stilettos were styled from platinum fabric and adorned with a whopping 464 diamonds supplied by jeweler Kwiat (rhymes with "Fiat"). The round and pear-shaped diamonds were designed to be removable so they could also be worn as jewelry. These were the first million dollar shoes to be created for an Oscar nominee to wear on the big night, and lucky "Mulholland Drive" actress Laura Harring was chosen for the honor. With a price tag of $1.09 million, you wouldn't want to be the one to step on her toes.

4: Weitzman's Ruby Slippers

These red gems also spent some time on display in Tokyo in 2003.

Valued at $1.6 million, these "Wizard of Oz"-inspired heels are more couture than Kansas. The sophisticated stilettos were designed with a cherry red insole, replete with a delicate upper of red satin and encrusted with an impressive 642 Burma rubies. The settings alone contain half a pound of platinum and boast a total carat count of 123.33. These dazzling delights were scheduled to make their red carpet debut in 2003, but were shelved because of the sober mood due to the war in Iraq. They came out of the closet later that year for display at Harrod's in London.

3: Weitzman's Tanzanite Heels

These stunning shoes were a design collaboration between Stuart Weitzman and high-end jewelry designer Eddie Le Vian. The evening sandals were crafted from silver leather and topped with an ankle strap that more closely resembles a necklace worn by royalty than an ankle holster. Encrusted with 185 carats of gorgeous bright blue tanzanite gemstones and embellished with 28 carats of diamonds, the ankle strap is crowned with a dangling 16 carat tanzanite drop -- think pendant on a necklace. A delicate toe strap trimmed with tiny diamonds rounds out the design. And for a cool $2 million, they can be all yours.

2: Weitzman's Cinderella Slippers

Priced at $2 million, they may not be made of glass, but they certainly contain a lot of ice.

Inspired by the peasant-turned-princess Cinderella, these sparkly shoes were made of Italian leather. The ankle and toe straps were crafted into an intricate lacelike design created from 565 Kwiat diamonds in platinum settings. The right slipper hosts a rare, five carat amaretto diamond that alone is valued at more than a million dollars -- and provides the only sliver of color in the shoes. Country singer Alison Krauss was the lucky princess to wear the slippers to the 2004 Oscars. The 4-inch clear stiletto heels were designed to disappear, leaving the masses of glittering diamonds in the limelight.

1: Stuart Weitzman's Rita Hayworth Heels

Singer Kathleen "Bird" York wore these expensive stunners to the 2006 Oscars.

The aptly named Rita Hayworth heels were inspired by a favorite pair of earrings worn by the late actress. The open-toed heels were created from rust-colored satin (that would be called burnt sienna if it were a Crayola) and adorned with rubies, sapphires and diamonds nested in a satin ruffle at the toe. These beauties are worth a staggering $3 million, but they're not for sale -- they're owned by Princess Yasmin Aga Khan, Rita Hayworth's daughter.