By  on November 16, 2007

MILAN — With a bash for 300 guests, Prince Albert II feted the launch of Montblanc's limited edition fountain pen in honor of his late father, Prince Rainier III.

At Monte Carlo's Sporting Club on Thursday night, the prince welcomed guests including Sophie Dahl, Helena Christensen, actress Eva Green and actor Christopher Lee. Lyrical singer Katherine Jenkins performed to the notes of renowned Chinese pianist Lang Lang.

"Without any doubt, my father would have appreciated this object of rare quality. By acquiring this unique creation, you share the values of the principality, where prosperity is combined with humanity," said the prince.

Only 81 of the pens will be produced, in representation of the age reached by the sovereign. The 18-karat white gold pen is studded with eight carats worth of diamonds and rubies, assembled to replicate the red and white lozenges on the shield of the Grimaldi coat of arms.

The grid pattern was obtained with 996 diamonds and 92 rubies, while a mother-of-pearl Montblanc star crowns the cap.

The precious writing instrument costs $293,000. Five pens were snapped up at the party by deep-pocketed guests, none of whom were revealed. The remaining 76 can be ordered at Montblanc boutiques worldwide.

Fifty-one percent of the sales will be channeled into the Princess Grace Foundation, which was established by the late princess in 1964 to support cultural and humanitarian projects.

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