When Madonna attended the Vanity Fair post-Oscar bash last night, she borrowed over 600 carats of diamonds for the occasion. To top it off, when she hosted her own party later that evening the Material Girl put on an extra 300 carats or so… you know, because she can. Somehow, OK! got a list of all the jewels that Madge borrowed (or bought?):

Our guess is that Madonna thinks a recession is when you have to do your session again.

Because while the rest of America is cutting back, the superstar — who was last troubled by money problems when Reagan was president — piled on diamonds like sprinkles on a sundae for Oscar night.

Reminding us all why they call her the Material Girl, OK! has learned that she showed up to last night’s Vanity Fair post-Oscar bash wearing millions of dollars worth of Neil Lane jewelry, including:

• A black and white diamond chain with 500 carats of the shiny stones
• A diamond bangle with 25 carats of diamonds and platinum
• An onyx and diamond bracelet with 50 carats of diamonds
• A pair of diamond pear shape earrings of 20 carats each
• A square diamond and onyx ring

Then for her own private party — not wanting to skimp on diamonds — Madge strapped herself into a cross and chain with 100 carats of diamonds, bracelets with 50 carats of diamonds, long diamond earrings worth 1 million dollars and a huge diamond and platinum ring.

Something tells us that her $76 million divorce settlement with Guy Ritchie hasn’t got her buying own-brands at the supermarket quite yet.

[From OK! Magazine]

Even though I’m lacking in carats, I’m a huge fan of great jewelry if its worn well. But putting on that much jewelry just to party – because keep in mind, Madonna wasn’t invited to the ceremony – is overkill. Special, individual pieces get lost in the maze of bling. Too much is too much.

Neil Lane is one of the best jewelers to the stars. The jeweler collects older, antique and vintage pieces to loan out, but he also reworks some pieces and creates many from scratch. What in the world was he thinking giving that much to Madonna? Though to her credit, nothing complements the femininity of a diamond quite so well as bulging muscles.

Here’s Madonna at Vanity Fair’s Oscar party last night. Images thanks to WENN.