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Rappers are getting rid of the trunk jewels. The recession is real…

How much would you pay for Lil Jon’s 12-pound “Crunk Ain’t Dead” pendant, which holds the Guinness Book of World Records mark as the largest diamond pendant ever? You can get your shot at the signature piece during the Hip-Hop’s Crown Jewels auction from the contemporary art auction house Phillips de Pury & Company, which will take place March 5 in New York.

The sale, which was originally scheduled for October 1, was pushed back due to the overwhelming interest in the catalog, according to a spokesperson. While the spokesperson would not discuss what pieces will be in the auction because the catalog is still being finalized, in addition to Jon’s piece, which has more than 3,700 diamonds in it, the auction will also reportedly feature Missy Elliott’s signature black-diamond-and-gold mini-turntable pendant, a diamond-and-platinum bracelet that was owned by Diddy and one of Kanye West’s diamond-studded black Jesus pendants. Prior to the auction’s move to next year,the Washington Post reported that other items expected to go under the gavel included a mix of pieces donated by the artists themselves and their jewelers. Some of the proceeds go to establish a permanent hip-hop exhibit and Russell Simmons’Rush Community Affairs charity. MC Lyte, 50 Cent, Biz Markie’s, are some other rappers selling jewels in the auction along with some owned by the late Notorious B.I.G.

Good to see MC’s thinking smarter. The only sketchy part about this whole ordeal is that “Blood Diamond Russ” is involved. Hopefully most of that money will go toward families who can really use it constructively.

Picture of Lil John’s piece, and more ice aqui:

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