Family heirlooms are often packed away for safe keeping. For one man from
China, hiding a 26-carat black diamond worth $14.5 million was not in his plans.
A businessman from Hong Kong commissioned craftsman Stuart Hughes of
Liverpool to help him show off his family treasure.
The result? An iPhone 5 boasted by Hughes to be "the world's most expensive
phone," valued at $15 million.
According to Hughes' website, this iPhone includes 600 flawless white
diamonds, a full solid gold dressing and 53 diamonds on the rear that make up
the iconic Apple logo.
However, the reason this particular iPhone is so valuable is on the face of
The Chinese businessman, identified only as "Joe," contacted Hughes and asked
to have a rare, black diamond incorporated into the iPhone.
"It's not often that people get to deal with a very, very rare diamond,"
Hughes said he was contacted 18 months ago by Joe, who expressed interest in
his gold chassis iPhone handsets.
Joe then told Hughes about the black diamond that had been in his family for
generations. Hughes spent nine weeks creating the solid gold chassis of an
iPhone 5 and then placed the black diamond as the home button.
The appraisal Joe had done on the black diamond put its value at
approximately $14.5 million, according to Hughes, who said he saw the
certificate of authenticity.
Hughes told CNN that one of the solid gold handsets with the diamonds that he
crafts is worth approximately $153,000.
"We had a tech guy in Macau who was able to set the stone, which to this day
has never left China," Hughes said.