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04/15/2013 02:44 pm ET

World's Most Expensive iPhone 5: Stuart Hughes Sells Speciality Black Diamond Phone For $15.3 Million

Have $15.3 million lying around? Then you could become the owner of the world's most expensive iPhone 5.

Created by United Kingdom-based designer Stuart Hughes, the £10 million (about $15.3 million) iPhone is coated in solid gold and features both black and white diamonds.

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most expensive iphone 5
(Photo via Stuart Hughes)

Hughes, who is known for crafting incredibly pricey luxury tech products, created the design at the behest of a Chinese businessman. According to CNN, Hughes said the businessman owned a rare 26-carat black diamond that had been passed down from one generation of his family to the next and wanted to include it in the iPhone design.

On his website, Hughes details the features of the black diamond iPhone 5, which includes an inlay of 600 white diamonds, a solid gold Apple logo surrounded by 53 white diamonds, 135 grams of 24-carat gold and sapphire glass for the screen. As for the black diamond, the stone replaced the iPhone's home button. Overall, the design took nine weeks to create.

Previously, Hughes created an iPhone 4S Elite Gold phone priced at £6 million (about $9.18 million) that once held the title of world's most expensive phone. However, with his latest creation, Hughes has broken the record yet again.

What do you think of the $15.3 million iPhone 5? Is it worth it? Tell us in the comments below.

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