Throw your $204 million diamonds in the sky

It was announced yesterday that Jay-Z has sold Rocawear to Iconix Brand Group for $204 million in cash, plus an additional $35 million in Iconix stock if it hits projected markers over the next few years.

Not too shabby for an apparel line extended from a record label by three pals (Shawn “Jay-Z” Carter, Damon Dash and Kareem “Biggs” Burke) just over a decade ago.

It has been reported that Kanye West interrupted this announcement screaming, “But I’m the best clothing line. I should’ve been bought. Rocawear ain’t got nothing on me.” Jay-Z was able to settle him down by helping Kanye understand that he is a person, not a clothing line.