Just when you thought inflation had finally subsided, in comes a phone more expensive than your house. This iPhone 4 will set you back $8 million USD, if you’re that way inclined.

This little gem’s bezel is handmade and holds about 500 individual diamonds totalling more than 100 carats. It doesn’t end there. There are another 53 diamonds in the back for that extra special Apple symbol. The home button is made of platinum and also holds a single cut 7.4 carat pink diamond – yes, the type of pink diamond Jennifer Lopez demanded on her second engagement.

If you’re salivating at the thought of tweeting on a device worthy of your delicate palms, don’t hold your breath for mass availability at you local mobile store. Only two are being made worldwide.

Check out British jeweller, Stuart Hughes’ website for more infomation.