Dolly Parton looked amazing at the 2006 Academy Awards. On this evening, she gave up her rhinestones for diamonds by wearing more than $2 million worth of jewelry from Fred Leighton. Parton’s diamond briolette pendant earrings had old European cut diamonds of approximately 5 carats. The briolette diamond drops were approximately 16 carats each. They were valued at $1,215,000.