(Image source from: Meet the million dollar iPhone)

Apple iPhone runs the rep of being too expensive, and understandably so. But a London-based jewelry firm Alchemist has outdone Apple to make world's most expensive iPhone.

Worth a whopping $1 million, the handset, dubbed as 'Million Dollar iPhone, has 24-carat gold bezel and is covered in 700 individual diamonds, summing upto seven carats. 53 diamonds make up the Apple logo and 24-carat gold and two carat diamond form the navigation button. Whoa!

Explaining their expensive endeavor, Alchemist said that it wanted to create an item that was so luxurious, so bespoke that it would 'redefine the meaning of grandeur'. Apparently, it tool them spent seven months to create this million dollar phone.

'It has culminated in the production of the most sought after piece of customized technology available in the world today,' said a spokesman for Alchemist London.

The spokesman added: 'Meticulous, painstaking, and methodical are the closest words with which to describe the creative process.

Image Source: Daily Mail

AW: Suchorita Choudhury