14 June 2016

A Dubai-based company has developed a $600,000 set of gold-plated, diamond-encrusted tyres, which have been recognised as the most expensive in the world.

The tyres were developed by Z Tyres and are covered in 24 carat gold and diamond stones, the company said in a statement on Sunday.

The tyres were designed in Dubai and decorated by artisan jewellers in Italy before being covered in gold leafing by craftsmen in Abu Dhabi.

The four tyres have been sold for $600,000 and have been independently verified by the Guinness World Records as the world's most expensive set of car tyres.

"We've always treasured the outstanding skills and dedication involved in developing our Z Tyre range so we thought what better way to celebrate this achievement than with a record-breaking special set of tyres especially commissioned for a unique buyer," CEO Harjeev Kandhari said in the statement.

"In keeping with the spirit of the holy month of Ramadan, Z Tyres will donate all profits from the $600,000 sale to the Zenises Foundation which focuses on improving access to education across the world," he added.

(Writing by Shane McGinley)

© Zawya 2016