Jeweled iPhone Costs $8 Million

British designer Stuart Hughes is offering a $8 million (£5 million) Apple iPhone 4 for sale adorned with 500 individual flawless cut diamonds totalling 100 carats. The iconic Apple logo, meanwhile, now comes with a blinging 53 diamonds.

Hughes pimped the Apple handset for an Australian businessman, who clearly has more money then sense.

"It was a fantastic challenge and I am really pleased with the end result -- the phones look superb," the Liverpool designer said.

"Phones are so popular at the moment and this is the ultimate design for one. It was a very exciting project. The diamonds are rare and difficult to source, stones like that usually have a very long history."

"It is amazing that someone is prepared to spend £5 million on a phone, I doubt it will get used because it is worth so much money. It would be a disaster if it was ever lost."

The £5 million iPhone comes well-protected, presented in a 7kg block of Granite in imperial pink complete with Nubuck top grain leather finishing. Only two of the handsets will ever be made.

For fans of bling on a budget, see "Cell Phones Sparkle" and "Pretty, Pricey, and Pimp-tastic: Blinged-out BlackBerrys."

This story, "Jeweled iPhone Costs $8 Million" was originally published by Macworld U.K..