This Kashima-coated headset spacer is machined down from warrantied or otherwise unusable Fox 34 fork stanchions by the brand's UK distributor, Silverfish.
Fox's Kashima coating is claimed to reduce friction, resulting in a smoother and more sensitive fork than standard offerings.
Seen only on the brand's top-spec Factory-level components – with a high price to match – this must be the world's fanciest headset spacer.
Of course, the purpose of such a coating on a headset spacer amounts to no more than tasty bling that's sure to garner admiring looks/mock horror from riders in the know.
If you want to upset all of your cycling friends and make your own from a functioning fork, expect to spend around £300 for a Kashima-coated upper.
Tasteful upcycling or daft bling? Let us know what you think in the comments.