Singapore’s most luxurious nightclub, ultra-lounge Pangaea, has teamed up with jewelry brand Mouawad to present affluent revelers with Asia’s most expensive cocktail.

Giving a whole new meaning to the phrase “on the rocks,” the extravagant beverage is concocted from the world’s finest ingredients and is finished with a 1-carat diamond. Created by Singapore’s award-winning mixologist Ethan Leslie Leong, the “Jewel of Pangaea” can be yours for a cool S$32,000 (about US$26,000).

Ultra-lounge Pangaea is Singapore's most luxurious nightclub — Photo courtesy of Pangaea

This play on a classic champagne cocktail uses only the most premium ingredients: Richard Hennessy cognac infused with gold-flakes; a smoked raw sugar cube infused with a mixture of apple wood, hickory wood and lemon wood; smoke-infused Jerry Thomas bitters; and 1985 vintage Krug (the remainder of the bottle is left on the table for the guests to toast their fabulousness).

Of course, the star of the glass is that sparkler – a GIA-certified 1-carat triple X diamond from Mouawad, with absolutely no fluorescence. Mouawad jewelry is no stranger to extravagance. Worn around the world by royalty, celebrities and jewelry aficionados, the brand already holds three world records: they own the world’s most expensive single pear-shaped diamond (US$12.7 million), created the most luxurious and expensive piece of lingerie (US$11 million) and designed the most valuable handbag in the world (US$3.8 million).

The Jewel of Pangaea uses only the most premium ingredients — Photo courtesy of Pangaea

Pangaea founder Michael Ault is quick to point out that the appeal of the cocktail is not just its price tag, describing the drink as “Pangaea in a glass” – the ultimate representation of the Pangaea lifestyle. And indeed, ordering a Jewel of Pangaea promises to be an experience not soon forgotten.

To the strains of “Diamonds are Forever,” the cocktail is escorted to the guest’s table by numerous security guards, the nightclub Manager, VIP Services Manager and a flock of Pangaea Girls. A smoke-filled briefcase is opened to reveal the ingredients, and the cocktail is prepared in front of the guest and served in a silver and crystal champagne flute, before being topped with champagne, and of course that special little garnish – a 1-carat Mouawad diamond.