I have no trouble envisioning an $8 million mansion but to spend that much money on something that fits in the palm of your hand and will be outmoded anyway in a couple of years or so? The mind boggles.

Such is the cost of the world's most expensive iPhone4 courtesy of British jewelry, Stuart Hughes who likes embellishing popular gadgets. This one has a bezel filled some 500 flawless diamonds weighing more than 100 carats. Turn the device over, and there are 53 more forming the Apple logo. The navigation button is a platinum set 7.4 carat pink diamond.

Only two of these luxury phones will be available. Let's hope the antennae works otherwise that would be a real bummer.

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