World's Most Expensive Cellphone : $3.2 million iPhone 3GS Supreme

While many are still feeling the effects of the worldwide business slowdown, at least one Australian businessman doesn't appear to be worrying about the recession. This unnamed person has commissioned the world's most expensive cellphone from Stuart Hughes. The $3.2 million device is an Apple iPhone 3GS in a 22K solid gold casing with 136 diamonds in the front bezel and 53 flawless diamonds make up the rear logo. The front navigation button is where you will find a rare 7.1 cts diamond. Just remember that while a diamond is forever, eventually the iPhone will need a new battery.

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