Why is the Miss Universe crown worth $300,000

Aside from the prestige and honor in winning the Miss Universe crown, the crown is worth US#300,000.00 or 15 million pesos. Why so expensive? On its Instagram account, GMA News disected the different parts of the crown and explain what it is made of.

GMA News posted the following on its Instagram account for the fans to understand what the crown is made of:

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Here are some details about the Miss Universe crown. #MissUniverseOnGMA

A photo posted by GMA News (@gmanews) on Jan 23, 2017 at 4:32am PST

(Photo source: Instagram – @gmanews)