A Pennsylvania bakery is teaming with a jeweler to offer a $55,000 cupcake that comes topped with an 8-karat diamond ring. Cupcakes Gourmet in Malvern and Warwick\'s Jewelers in Exton said the red velvet cupcake is perfect for someone seeking a sweet way to propose marriage on Valentine\'s Day, CBS News reported Monday. \"We wanted to do a statement piece, that when people see it they would say \'Wow, I can\'t believe this is a $55,000 beautiful ring,\'\" said Brittany Burkland, marketing manager of Warwick Jewelers.