The British jeweler  Stuart Hughes, who has earned a reputation for his   expensive recasting of popular consumer electronics items, is at it  again, this time dolling up an iPhone with 500 “flawless” diamonds and  more than enough gold to appeal to the Midas in every one of us.
“This  one only took 2 months to plan,” Hughes wrote in an email to  CBSNews.com. “We (had) earlier done the 3GS Supreme (which was offered  for 1.92 million pounds) so we had the [know-how] really to pull the  iPhone 4 off.”
Here’s how Hughes describes the product on his website:
“The  world’s most expensive phone with a total construction cost of ?5  million. The bezel is handmade from rose with approx 500 individual  flawless diamonds which total over 100ct.The rear section is formed  using rose gold with the added touch of its rose gold Apple logo and 53  diamonds. The main navigation is made from platinum which holds a single  cut 7.4ct pink diamond. Also included (not shown in picture) is a rare  8ct single cut Flawless diamond which can replace the pink one. The  chest which houses this unique handset is made from a single block of  Granite , in Imperial Pink with the inner lined with Nubuck top grain  leather , which weight is a massive 7kg.The handset is 32gb and limited  edition of only 2 to be ever made.”
Now, how could you resist? Of  course, there is the minor matter of price. The product lists for 5  million pounds, or roughly $8 million, depending on the current exchange  rate. As the wags at the tech blog  Mashable note, “only two of these  will ever be made, so don’t worry: if you buy one, the chances of  bumping into someone who has the exact same phone at a party are quite  slim.”
$8 Million iPhone | $8 Million iPhone | $8 Million iPhone | $8 Million iPhone |

 
 

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