Austrian luxury designer and jeweler Peter Aloisson has release a Aloisson designed iPhone which is the world’s most expensive iPhone. The phone derives its name from the Princess cut used on 138 of the 318 diamonds on its surface.

The rest of the 180 diamonds on the phone are brilliant cut and it has 17.75 carats of diamonds set in 18k white gold around its rim. All diamonds used are of the finest quality.

This iPhone Princess Plus has a price tag of €120,000 ($176,400 USD) its first customer is a Russian businessman who had pre-ordered it in October 2007.