luxury gallery ring

Synthetic gemstone ring featuring human hair: Austrian firm Mevisto has created a new process to craft synthetic sapphires and rubies that incorporate human hair, human ashes and even dog fur.

It sounds creepy, but it appeals to those who want to have a memento of a loved one. The young company has already received hundreds of orders and shipped jewelry to roughly 40 customers.

While you can't actually see hair or ashes inside the gemstones, a representative from Mevisto assured CNNMoney that the products contain scientifically certified biogenic material.

While the ring pictured above may seem expensive, prices can go higher. A matching necklace and ring set can cost €212,000 ($230,000).

First published April 24, 2015: 9:05 AM ET