Expensive Palate

Rice Cake ($500)

Entrepreneur Angelito Araneta Jr. poses with rabbit-shaped sweet rice cakes, locally known as Tikoy, which he encrusted with a 24-carat edible gold leaves and 0.2-carat diamonds at his home in Manila, Philippines. The gold and diamond encrusted sweet rice cake sells for 21,500 pesos ($500).

Rice Cake ($500)

Entrepreneur Angelito Araneta Jr. poses with rabbit-shaped sweet rice cakes, locally known as Tikoy, which he encrusted with a 24-carat edible gold leaves and 0.2-carat diamonds at his home in Manila, Philippines. The gold and diamond encrusted sweet rice cake sells for 21,500 pesos ($500).