Austrian jeweler Peter Aloisson has designed a diamond studded Apple iphone, the world’s most expensive iphone. This iphone consists of 318 individual diamonds (138 Princess cut and the remaining 180 are brilliant cut). Currently priced at EUR 120,000.00 or $189,331USD. ( Prices are net prices, exclusive of VAT (20%) or any other applicable customs or duty. Cost for transportation and insurance is not included. ) . This is not the first diamond studded cell phone he designed, his website www.aloisson.com lists other models such Nokia N76, Motorola KRZR and others glamoured phones.