Couture evening wear designer Anne Bowen, who has fashioned red carpet gowns for big-name beauties like Catherine Zeta Jones, Elizabeth Hurley, Kim Cattrall and Cindy Crawford, is creating a $5 million diamond dress for the Oscars this year.

The hand-beaded and -sewn gown, completely adorned with Hearts on Fire(tm) diamonds, is, not surprisingly, under 24-hour armed surveillance.

No actress has as yet been chosen to wear the head-to-toe diamond dress. Whoever does shouldn't expect to hold on to it for long, though: the gown will be auctioned off for charity after the event.

Bowen, know for using precious stones in her one-of-a-kind designs, said, "I've always had a Zen approach to the Oscar dressing process. The gems used on my gowns emit energy so that the overall feeling the wearer gets is one that will enhance her inner beauty and confidence on that very important night." Zen, by this definition, means wearing a $5 million dress and being surrounded by bodyguards at all times.

But if you're already going to be heavily guarded, why not throw in a little extra something? Perhaps the lucky actress can try to get her hands (or feet) on the million-dollar platinum stilettos that Stuart Weitzman is making for the event, upping her worth to $6 million -- and that's without jewelry.