Only four of the extremely limited edition super-bling designs have been fabricated - two iPhone 5 models and two iPhone 5S models.
Alchemist, a luxury boutique known for its extravagant creations, referred to the seven-month creative process as "a challenge of epic aesthetic and technical proportions."
Although the price tag might seem incredible, this is not actually the most expensive iPhone to have hit the market. In 2013, luxury goods company Stuart Hughes was commissioned to create a gold and diamond iPhone reputed to have cost almost $15 million.
