267 CARAT BLACK DIAMOND NAIL POLISH IS THE MOST EXPENSIVE EVER AT $250,000 - but will anyone actually buy it?

Pricey: A $250,000 varnish has been unveiled. Budget-friendly versions, priced at $25 (above) also exist

The most expensive nail polish in the world has been unveiled.

Containing 267-carats of black diamonds, the tiny bottle of varnish, by Los Angeles-based luxury jeweler Azature, has been priced at $250,000.

Just one bottle will be produced, however, budget 0.5oz versions of the ritzy design, that each contain a single black diamond, will go on sale later this month.

Priced at a somewhat more reasonable $25 per diamond-shaped bottle, It will be stocked in Fred Segal stores throughout Los Angeles.

The one-off product has been targeted at the 'one-percenters' according to a press released from the company.

The budget version will be available in black and brushes on with a glittery sheen.

Azature, the one-named designer behind the brand, said that the black diamond is the 'ultimate fine jewel'.

He added: 'One day I thought, "why not showcase this style on nails?" So I developed a Black Diamond Nail Polish with the same attention and quality as my jewelry in order to preserve the elegance of the black diamond.'

It is not the first time a nail polish has been sold for such an inflated cost.

Models Own, a British company, released a Gold Rush Couture nail polish last year.

On trend: Though sparkly black nail varnish is certainly popular, above, it is unknown who would pay for such an expensive product of
the liquid

Lavish: A nail polish released last year by Models Own was priced at $132,000. It has been blown out of the water now that Black Diamond has arrived

The product, which contained 1,118 diamonds, was priced at $132, 800, which set a new record for the most expensive nail polish in the world.

It also featured a hand-crafted lid made from yellow gold.

Just last month, beauty fans showed their passion for nail polish by taking to the auction site eBay in order to purchase the almost impossible-to-get Black Spotted polish by OPI.

Because it only sells in France, French owners of the product are able to price the varnish for up to $70 per bottle.

Black Spotted joined a new velvet varnish, created by Ciate, as this season's hottest new nail art products.

Ciate's velvet variety is more readily available, however.

It comes in three colours and includes a polish, a tube of shredded crushed velvet in the same colour as the varnish and a small brush.