The $55,000 red velvet cupcake

One bakery is selling a sparkling dessert that truly takes the ‘carat’ cake – a diamond ring is the secret ingredient.

Cupcakes Gourmet in Philadelphia makes red velvet cupcakes featuring a eight-carat diamond ring on top and a $55,000 price tag.

The bakery says it's hoping to capture the attention of men who want to propose to their loved one this valentine's day.