Austrian jeweler Peter Aloisson, known for creating some of the most 'extravagant luxurious mobile phones' is all set to impress us again. This time, the lavish jeweler has created a record for himself by designing the world's most expensive phone. Priced at £1,636,000 ($2,517,345), the new Apple iPhone 3G 'Kings Button' is the most luxurious phone to date. A true 'jewel', this exquisite phone is made of solid 18-carat yellow gold, white gold and rose gold. The phone flaunts a white gold line encrusted with a total of 138 brilliant cut diamonds of the best quality.

A complete "bling bling" gadget it even boasts of a home button that features a rare 6.6 carat diamond. The 'Kings Button' is definitely for those who dare to defy the current credit crunch.

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