We told you about Hot Wheels’ 40th Anniversary earlier this year, along with the unveiling of the company’s anniversary car to align with the 4 billionth toy car to roll off the production line.

Now, at the American International Toy Fair in New York, Hot Wheels has unveiled the anniversary car. And, it’s diamond-encrusted. What? Yup, the car’s 18-karat white gold frame is covered in 2,700 blue, black, and white diamonds – reportedly to mimic Hot Wheels’ Spectraflame blue paint. The 1:64 scale car was designed by celebrity jeweler Jason of Beverly Hills.

“Collaborating with Mattel on the jeweled Hot Wheels car was a dream project for me,