Beyonce Knowles and Jay-Z have bought a $600,000 rocking horse for their new baby daughter.
The couple - who became parents for the first time on Saturday (07.01.12) - have splashed out over $1.5 million on toys and equipment for little Blue Ivy, including a $15,000 high chair and a $30,000 playhouse.
A source said: "They're really pulling out all the stops - the two of them have been spending like there's no tomorrow! "Together they've bought a Swarovski-studded high chair by Carla Monchen for $15,000, and a Fantasy 'posh tots' coach carriage crib for $22,000.
"Jay-Z bought Beyonce a solid gold handmade Ginza Tanaka rocking horse for $600,000. They've even splashed out on a $30,000 magical windmill playhouse for the garden and a mini Bugatti car, too."
The couple - who have also spent around $350,000 ensuring the nurseries in their three homes are identical - have also spent thousands of dollars on Blue's wardrobe.
The source added to Britain's Star magazine: "They've bought a wardrobe packed with thousands of pounds' worth of one-off designer baby clothes. She's going to be the most fashionable baby around and will be giving Harper Beckham a run for her money in the style stakes. Plus they've got baby charm bracelets, gold and platinum diamond rattles and dummies from Tiffany & Co, too."
Beyonce and Jay-Z's famous friends have also been splashing out on the baby.
Kelly Rowland is said to have spent around $5,000 on a baby bath studded with 44,928 Swarovski crystals.
The source said: "This little tot will want for nothing."