A dress has gone on sale in Malaysia with a $30 million price tag, Reuters reports.

The dress is decorated with 750 diamonds, including a 70 carat pear-shaped stone at the centre of the bodice and a train encrusted with real diamonds.

The designer Faisol Abdullah told Reuters: “Stocks drop, gold is even falling but a diamond is forever. This is a dress with diamonds. Why go backwards, why can’t we go forward? We are going to the fantastic, but it’s real. You are getting value for money with these diamonds.”

Abdullah is rushing to finish the dress, dubbed the “Nightingale of Kuala Lumpur,” in time for the STYLO Fashion festival early next month in the Malaysian capital.

Nancy Yeoh, chief executive of STYLO, which commissioned the dress, added: “It’s art and there are still enough rich people who would want to buy. We have a plan to present the dress to the royal courts around the world starting with the Middle East.”

The dress will be unveiled at STYLO Fashion Festival next month with 5% of any sales going to the Gaza Humanitarian Fund.