by Christopher Freeburn | April 15, 2013 12:19 pm
If you think your iPhone 5 was costly, consider the one owned by an unidentified Hong Kong business man who paid $15 million to customize the device to his satisfaction.
British designer Stuart Hughes was contracted to add precious gems and gold to the Apple (NASDAQ:AAPL) smartphone. At the owner’s request, Hughes integrated a 26-carat Black Diamond into the iPhone’s home button, UPI notes.
In addition to the Black Diamond — a family heirloom of the iPhone’s owner — Hughes positioned 600 white diamonds along the phone’s edge. Another 53 diamonds were used to create Apple’s logo on the smartphone’s back.
The project took nine weeks to complete. The Black Diamond is worth an estimated $14.5 million, while the other elements of the design cost about $153,000.
In 2011, Hughes created an iPhone 4S that featured 5000 diamonds. That iPhone was valued at $9 million.
Reports have recently circulated that production issues with Apple’s next-generation iPhone 5S could delay the launch of the new iPhone until later than most analysts had previously expected this year.
Source URL: http://investorplace.com/2013/04/diamonds-gold-gild-15-million-iphone-5/
Short URL: http://investorplace.com/?p=334460
Copyright ©2013 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.