Hip-Hop mogul Russell Simmons and his wife Kimora have produced a $35,000 case for the PSP. The Baby Phat is made out of a pound of gold, alligator skin and...

Hip-Hop mogul Russell Simmons and his wife Kimora have produced a $35,000 case for the PSP. The Baby Phat is made out of a pound of gold, alligator skin and yellow and black diamonds. But what’s interesting about this story, reported in AllHipHop.com, is Simmons take on the diamond industry:

“I’m pushing for factories and schools in Africa so people can make their own jewelry and learn how to export them,” Simmons said. The Simmons’ announced the formation of the jewelry company in January of 2004 with M. Fabrikant & Sons, one of the oldest and largest distributors of diamonds and jewelry in the world.

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