Jay Z & Beyoncé Buy Blue Ivy A $80,000 Diamond Encrusted Barbie Doll

By:OK! Staff

Jan. 15 2013, Published 3:20 p.m. ET

You only turn one once and proud parents Beyoncé and Jay Z showed their enthusiasm for their daughter Blue Ivy's first birthday by going all out!

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According to the Sun, the power couple bought their little girl the ultimate gift — a custom-made $80,000 diamond-encrusted Barbie doll.

But that's not all. They spent an additional $95,000 went on pink and white roses; $30,000 on costumes, jewelry, and toys for Blue's friends and their parents and $2,400 for a cake.

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“Nothing’s been too big or expensive for their little princess," a source said. "They wanted her first birthday to set the tone for the rest of her life. They work hard for their money and the first thing they want to spend it on is their baby girl."

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In addition to a lavish birthday party and gifts for Blue Ivy, they spend $1 million a year on a a high end nursery for her at the Barclays Center in Brooklyn so they can enjoy the games while knowing she's taken care of.