The Most Expensive Crash In F1!

Even if drivers lightly tap each other out on track, their front wings break. It's a frequent thing, usually drivers would come into the pits to get a new wing and the only consequence is losing time. However, during the 2004 Monaco Grand Prix, Christian Klien's small tap with the wall turned out to be really expensive. Klien's team Jaguar, was running with a one-off sponsorship from the film, Ocean's 12. As part of the deal, the F1 cars were fitted with stunning $300,000 diamonds to the front wings.

The Front Wing Of the 2004 Jaguar Front Wing with the diamond!

 To sum it up, the Jaguar team fitted diamonds to the most fragile part of a F1 car, in the most challenging track where F1 cars go at 200mph neck and neck around a tight track.

The tight and tough streets of Monaco

 What could go wrong? On the first lap of the Grand Prix, the F1 crashed into the wall. Because of safety regulations, the Jaguar team was not allowed to search the area for the diamond. By the time the race was over and the Jaguar team was allowed to search the area, the diamond was gone. Nobody knows what happend to the diamond. Perhaps one of the safety marshals at the crash took it for himself? 
Those diamonds were on a loan from Israeli gem firm Steinmetz who unsurprisingly could not find anyone to insure them. This Pricy crash is widely regarded as the most expensive crash in F1.