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.
"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..