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10 craziest splurges of the rich

9. The most expensive pencil in the modern time is one designed by Graf von Faber-Castell. Named as ‘Perfect Pencil’ it is priced at about 12,800 USD (Rs 7,60,448). Only 99 pencils have been produced till date form 2001 and most of them are sold out.

Every pencil is made out of 240 year old Olive wood. The wood of the barrel is ribbed elegantly. The pencil also has an end piece. It also has an extender. Both the end piece and the extender is made from White Gold Palladium. The extender houses a sharpener and also a built in eraser. The eraser can be easily replaced and used. The extender is made from 18 carat White Gold.

The lid houses three best quality diamonds under the count’s coat of arms. The ‘Perfect Pencil’ also comes with a certificate for the diamonds. The diamonds symbolises the mark of the third millennium Zaman of 00.06 carat size.

The diamonds are of exceptional clarity and make the pencils really priceless.

10 outrageous splurges of the rich

Would you pay Rs 5000 for coffee that's made from feces? Or inject blood into your face? Here are some outrageous products and services that only the ultra-rich can afford.

With inputs from Bornrich.com

  • This Is How Much Costco Employees Really Make
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    There are many reasons to love Costco: they’ve got great prices on everything your home could ever need, they're generous with their free samples, and they make fantastic rotisserie chickens. By the way, here are five things you might want to know about those Costco chickens. On top of being compensated fairly, Costco employees—plain and simple—just love working at Costco.

  • Fashion Designer Convicted of Torturing 21-Year-Old Nanny and Burning Her Body
    World
    Time

    Fashion Designer Convicted of Torturing 21-Year-Old Nanny and Burning Her Body

    A U.K.-based fashion designer and her boyfriend have been found guilty of murdering their 21-year-old French nanny, after firefighters discovered her burnt remains in their garden in southwest London last September. Sabrina Kouider, 35, and Ouissem Medouni, 40, starved and tortured Sophie Lionnet for weeks before her death in 2017, sometimes recording her on a mobile phone, investigators testified. The brutality of the case has shocked Britain and played out in national headlines.

  • Read the fiery North Korea statement that made Trump cancel his summit with Kim Jong Un
    Politics
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    Read the fiery North Korea statement that made Trump cancel his summit with Kim Jong Un

    In an emotional break-up letter, president Donald Trump today canceled his summit with North Korea’s Kim Jong Un. Trump was referring to a statement released yesterday in the name of North Korean vice-foreign minister Choe Son Hui.

  • Why Companies Aren’t Investing Their Tax Cut Windfalls
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    The Fiscal Times

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  • Sears Prepares to Hand Lampert Another Prized Asset
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    Sears Prepares to Hand Lampert Another Prized Asset

    Sears Holdings (NASDAQ: SHLD) is considering chairman and CEO Eddie Lampert's offer to buy much of the last remaining valuable assets the retailer has. The board of directors announced it was forming a special committee to consider Lampert's proposal as well as to see if anyone else might be interested in purchasing them. Considering Sears has been trying to sell most of these assets for the better part of two years without any luck, Lampert is likely to be the high bidder, if not the only bidder.

  • Exclusive: Longtime Cisco leader to exit as customer service group restructures
    Business
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    Exclusive: Longtime Cisco leader to exit as customer service group restructures

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  • Obama knew about FBI informant: Tom Fitton
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  • I Just Bought My First New Stock in 8 Months, and This Is It
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    I Just Bought My First New Stock in 8 Months, and This Is It

    Since September, when I bought my first shares of Intercept Pharmaceuticals, I hadn't added a new stock to my portfolio. After months of crowing about the value this blue-chip biotech stock offered, I took the plunge and added Celgene (NASDAQ: CELG) to my portfolio. Since hitting an all-time intraday high of $147 in early October, shares of Celgene have been shelled.

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    Oilprice.com

    Shell Makes Large Deepwater Discovery In Gulf Of Mexico

    Shell has made a large deepwater exploration discovery in the U.S. Gulf of Mexico, just 13 miles from its Appomattox project that is expected to start production by the end of 2019, the oil major said on Thursday. The Dover discovery is Shell’s sixth in the Norphlet geologic play in the U.S. Gulf of Mexico, and is considered an attractive potential tieback due to its proximity to Appomattox. “Dover showcases our expertise in discovering new, commercial resources in a heartland helping deliver our deep water growth priority,” said Andy Brown, Upstream Director for Royal Dutch Shell.

  • Why Micron's Analyst Day Sent Shares Soaring
    Business
    Motley Fool

    Why Micron's Analyst Day Sent Shares Soaring

    Micron Technology (NASDAQ: MU) has been on a tear over the past year. On Monday, May 21, the maker of DRAM and NAND flash memory held its 2018 Analyst Day. Not only did management increase the current quarter's guidance range for earnings per share, from a range of $2.76 to $2.90 to a much higher $3.12 to $3.16 per share, but key executives also outlined why Micron is primed for even more success in the coming years.

  • Intel missed on mobile. Here's why it may lead in 5G
    Technology
    American City Business Journals

    Intel missed on mobile. Here's why it may lead in 5G

    Deep inside Intel’s Jones Farm campus, in an office building full of cubicles, is a huge door that you would expect to see on a submarine or an aircraft carrier — heavy, metal, with a substantial lever to open. Behind the door, Intel engineers are partnering with equipment makers and telecommunications companies on a variety of projects. The devices and equipment are powered by the next generation of wireless technology, 5G, and are not yet commercially available.

  • Emilia Clarke Dropped a Hint About Daenerys' Final Scene Ever in Game of Thrones
    News
    Time

    Emilia Clarke Dropped a Hint About Daenerys' Final Scene Ever in Game of Thrones

    Like it or not, Game of Thrones is coming to an end. In an interview with Vanity Fair that was published on Wednesday, Emilia Clarke seemed to hint that Daenerys Targaryen’s last scene will almost certainly be controversial. “Knowing that is going to be a lasting flavor in someone’s mouth of what Daenerys is .

  • Business
    Reuters

    COLUMN-Ideology threatens to trump facts in official Medicare handbook

    In September, the federal government will mail a handbook on Medicare enrollment to 43 million households. "Medicare & You" is an important, authoritative source on a wide array of plan options for the annual enrollment period that runs from Oct. 15 through Dec. 7, and it has been mailed out to beneficiaries each year since 1999. The Medicare Rights Center and two other groups (Justice in Aging and the Center for Medicare Advocacy) argue that the draft contains inaccurate, ideologically tinted descriptions of the tradeoffs between original fee-for-service insurance and a privatized managed-care alternative.

  • 3 Top Dividend Stocks to Buy in May
    Business
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  • Democrats Have Avoided Talking About Russia. Here's Why That's Changing
    Politics
    Time

    Democrats Have Avoided Talking About Russia. Here's Why That's Changing

    For months, strategists have advised Democratic candidates to stay away from the investigation into the Trump campaign’s contacts with Russia during the 2016 election. The thinking was that voters care more about bread-and-butter issues like jobs, terrorism and trade, and arguments about Special Counsel Robert Mueller’s investigation into Russian meddling would prove a distraction. In special elections over the past year, Democratic candidates like Jon Ossoff in Georgia and Conor Lamb in Pennsylvania barely mentioned the investigations, as part of a broader strategy of avoiding talking about Trump almost entirely.

  • Parkland Families Suing Gun Maker
    U.S.
    Associated Press Videos

    Parkland Families Suing Gun Maker

    The families of two students killed in the Parkland, Florida, school shootings are suing the gun manufacturer of the M&P 15. (May 24)

  • Bitcoin Falls 7% -- Why Are Cryptocurrencies Plunging?
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    Bitcoin Falls 7% -- Why Are Cryptocurrencies Plunging?

    Bitcoin (BTC-USD) and most other major cryptocurrencies are deep in the red on Wednesday -- the latest in a two-week decline. In fact, all of the 25 largest cryptocurrencies by market cap (excluding Tether, which is based on the U.S. dollar) are down

  • Business
    Benzinga

    Bernstein: Amazon Flex Is No Threat To FedEx, UPS

    Amazon.com, Inc. (NASDAQ: AMZN) investors are always on the lookout for the company’s next disruptive business, and some believe it could be parcel delivery. Amazon Flex is not a major threat to United Parcel Service, Inc. (NYSE: UPS) and FedEx Corporation

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    Biopharma M&A: You Ain't Seen Nothing Yet

    Barron's has previously discussed how mergers and acquisitions will be a theme for pharma and biotech. With Takeda Pharmaceutical’s (4502.Japan) deal to buy Shire (SHPG), Leerink's Geoffrey Porges takes a look at what other deals could come to fruition. If companies chose to borrow to make acquisitions, that wouldn't be a problem either, he argues, as the group could collectively borrow another $460 billion if the industry returned to its peak leverage ratios, and the biggest companies could easily absorb any acquisitions with little debt worries, especially with synergies.

  • 5 Breakout Stocks Offering Extraordinary Returns
    Business
    InvestorPlace

    5 Breakout Stocks Offering Extraordinary Returns

    A resistance level is the barrier which must be broken so as to be identified as a breakout stock. Meanwhile, a support level is the floor for the stock’s movement. Stocks which have breached their resistance level should ideally be in high demand among traders.

  • 5 Top Stock Trades for Friday Morning
    World
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    5 Top Stock Trades for Friday Morning

    President Trump decided to pull out of his meeting with North Korean leader Kim Jong Un and that’s left stocks under pressure. Here’s our top stock trades as a result. Top Stock Trades for Tomorrow #1: Advanced Micro (AMD) I love when a stock shows

  • Oil slips further below $80/bbl on talk OPEC may lift output
    Business
    Reuters

    Oil slips further below $80/bbl on talk OPEC may lift output

    By Stephanie Kelly NEW YORK (Reuters) - Oil prices fell about $1 on Thursday, with expectations building that reduced supplies from Venezuela and Iran could prompt OPEC to wind down output cuts in place since the start of 2017. Brent crude futures fell $1.01 to settle at $78.79 a barrel, a 1.27 percent loss. U.S. West Texas Intermediate (WTI) crude futures fell $1.13 to settle at $70.71 a barrel, a 1.57 percent loss.

  • Business
    MarketWatch

    Why early retirement is all it’s cracked up to be

    Sometimes, the stuff that people say about early retirement (and early retirees) is terrible. It is assumed that early retirement is the end of productive life and that unless we’re swimming in millions in cold hard cash, early retirement will eat us alive. As I said in my one-year early retirement performance review, early retirement is all that it’s cracked up to be.

  • Finance
    Investopedia

    Nvidia Seen Soaring to Record on Explosive Growth

    Nvidia Corp. ( NVDA) stock has been one of the hottest stocks in the market with shares up by nearly 26% in 2018, and over 75% during the past year. The optimism in the stock comes after the company reported blowout fiscal first quarter 2019 earnings of $2.05 per share, nearly 24% better than analysts’ estimates of $1.66. Additionally, revenue came in at $3.207 billion, over 11% better than analysts’ estimates of $2.881 billion.

  • Amazon, Starbucks pledge money to repeal Seattle head tax
    Finance
    Associated Press

    Amazon, Starbucks pledge money to repeal Seattle head tax

    Amazon, Starbucks, Vulcan and other companies have pledged a total of more than $350,000 toward an effort to repeal Seattle's newly passed tax on large employers intended to combat homelessness. Just days after the Seattle City Council approved the levy, the No Tax On Jobs campaign, a coalition of businesses, announced it would gather signatures to put a referendum on the November ballot to repeal it. The Washington Food Industry Association pledged $30,000.