If you thought paying $299 for that new iPhone 3GS (from AT&T) was expensive, then this should ridicule you for sure. Designer Stuart Hughes has just unveiled his new uniquely designed and hand-crafted iPhone which stands at a staggering US$ 3.17 million (approx.). “Priced at £1.92 million , 10 months in the making , the whole casing was created with 271 grams of 22ct solid gold . The front bezel houses 136 flawless diamonds colour F ,which total to a massive 68 cts . The rear logo in solid gold has 53 flawless diamonds amounting to 1ct and the front navigation button is home to a single cut very rare diamond at 7.1 cts.”

By the way, there is no mention on the technical specs, but we are assuming it would be the 32GB version. One good thing is that at least you get an (factory) unlocked iPhone. But incase you are thinking no one is ever buying it, then you are dead wrong. The device has already been pre-ordered by an Australian businessman. And we thought the world had a bad economy this year. Hah!

[source: stuarthughes.com]