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, 5 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.