Most Expensive Holiday Gifts: iPhone 4 Diamond Rose

Here’s a way to blow your extended Bush-era estate tax cut. From Stuart Hughes, a British maker of over-the-top gadgets — think platinum laptops and 24-karat gold televisions — “the world’s most expensive iPhone” has a rose-gold casing inlaid with 500 diamonds. Its navigation button is set with a 7.4-carat pink diamond. It’s available for purchase online at StuartHughes.com. In October the Internet was buzzing with the news that Australian mining mogul Tony Sage had snapped up the phone. But that was a rumor. “I had the first option to buy the phone and politely said no!” Sage says. He doesn’t need one, since he’s already bought a Stuart Hughes gold Blackberry. “It’s my main phone,” he says, adding: “It gets a lot of attention where ever I go.” Also getting attention, thanks to the $8 million iPhone, is Hughes’s less expensive site, Goldstriker International, which sells Swarovski-crystal versions in the four-figure range. Says Hughes, “The big guys with all the money, they give them out like sweets.”

• Up Next: $12 Million Tiffany Necklace


• Go Back: $75,000 Neiman Marcus Camaro