For $12 million, you can name this pink diamond after yourself

After the joy of rolling around in a pile of $100 bills wore off, we started wondering what to do with our millions—extreme wealth can be so tiresome. That’s why we were thrilled to find out that Canada’s largest pink diamond will be auctioned off next month in Toronto. It’s expected to fetch between $8 and $12 million, but here’s why that’s a steal:

1. It’s 10.11 carats, which is so big that if we put it on a ring, we could use it for working out.
2. It’s super rare. Most pink diamonds are under three carats.
3. It’s bigger than the pink diamond ring Ben Affleck gave Jennifer Lopez. That one was a measly six carats.
4. The buyer has naming rights (à la the Hope Diamond), as is tradition when a humongous pink diamond is first purchased.

Convincing, right? Hosted by Circa Auctions, the bidding will take place at the Park Hyatt in Yorkville on October 3, along with a host of other jewellery.