PICS: World's most expensive phones

Vertu Signature Nokia's Vertu has carved a niche for itself in the luxury phone market with its Vertu Signature collection. This handcrafted phone is embedded with diamonds and costs up to $81,000.

Vertu Signature: Nokia's Vertu has carved a niche for itself in the luxury phone marketwith its Vertu Signature collection. This handcrafted phone is embedded with diamonds and costs up to $81,000.

photos

1/9 Vertu Signature: Nokia's Vertu has carved a niche for itself in the luxury phone marketwith its Vertu Signature collection. This handcrafted phone is embedded with diamonds and costs up to $81,000.

Bucheron for Vertu Cobra: Nokia Vertu collaborated with jewelers House of Bucheron to design this stunning piece of art encrusted with diamond, emerald, and rubies. Not surprisingly, it comes with a price tag of $310,000.

2/9 Bucheron for Vertu Cobra: Nokia Vertu collaborated with jewelers House of Bucheron to design this stunning piece of art encrusted with diamond, emerald, and rubies. Not surprisingly, it comes with a price tag of $310,000.

Ulysse Nardin's The Chairman Luxury watchamker Ulysse Nardin released this Android smartphone with a classic design, a touchscreen, a number pad and is available for $49,500.

3/9 Ulysse Nardin's The Chairman Luxury watchamker Ulysse Nardin released this Android smartphone with a classic design, a touchscreen, a number pad and is available for $49,500.

GoldVish ‘Le Million’ Piece Unique: Often referred to as the world's most expensive phone at $1.3 million, this designer phone is bejeweled with 18k white gold and 20 carats of VVS1 diamonds.

4/9 GoldVish ‘Le Million’ Piece Unique: Often referred to as the world's most expensive phone at $1.3 million, this designer phone is bejeweled with 18k white gold and 20 carats of VVS1 diamonds.

Sony Ericsson Black Diamond: This sleek and sexy phone not only boasts a great visual appeal but also comes equipped with high-tech features. It is up for grabs for $300,000.

5/9 Sony Ericsson Black Diamond: This sleek and sexy phone not only boasts a great visual appeal but also comes equipped with high-tech features. It is up for grabs for $300,000.

Goldstriker iPhone 3GS Supreme: This beautiful creation by Goldstriker International sets the benchmark for artistic excellence. The $3.2 million phone is studded with 53 diamonds, 22k gold and a rare 7.1 carat diamond.

6/9 Goldstriker iPhone 3GS Supreme: This beautiful creation by Goldstriker International sets the benchmark for artistic excellence. The $3.2 million phone is studded with 53 diamonds, 22k gold and a rare 7.1 carat diamond.

Diamond Crypto Smartphone: Designed by diamond encrusted Peter Aloisson and manufactured by a Russian firm, this smartphone is equipped with world class technological security. Added to which are 50 diamonds and a hefty price of $1.3 million.

7/9 Diamond Crypto Smartphone: Designed by diamond encrusted Peter Aloisson and manufactured by a Russian firm, this smartphone is equipped with world class technological security. Added to which are 50 diamonds and a hefty price of $1.3 million.

Ferrari and Mercedes are passé. As luxury joins hands with technological brilliance, the rich have turned their gaze to the luxury mobile market. Here's a look at designer phones with the highest price tags.

8/9 Ferrari and Mercedes are passé. As luxury joins hands with technological brilliance, the rich have turned their gaze to the luxury mobile market. Here's a look at designer phones with the highest price tags.

Tag Heuer Racer: Swiss luxury watchmaker Tag Heuer has ventured into tech market with a luxury handset priced at $3,700.

9/9 Tag Heuer Racer: Swiss luxury watchmaker Tag Heuer has ventured into tech market with a luxury handset priced at $3,700.