9. Bang & Olufsen Serene: Price £675

Another partnership between a luxury brand and mobile phone manufacturer takes the form of Bang & Olufsen and Samsung with the Serene which is on sale for £675. It has a sleek design with an inbuilt motor to open and close the telephone. There are some design issues however as you have to use a screwdriver to get to the battery and SIM card which is inconvenient.

8. The Gresso: Price £1,000

It seems luxury telephones are becoming more like fashion accessories than actual mobile phones. The Gresso is made of gold and African Blackwood and will come in five models. This particular phone has been designed by a well known Italian designer. The Russian based company also has other models made of crocodile skin.

7. Mobiado Professional EM: Price £1,027

Another wood luxury mobile phone has entered the market with titanium buttons and a host of functions including a camera, FM radio and Bluetooth capability. Apparently they are only making 200 of them which make them very rare.

6. Nokia 8800 Gold Edition: Price £1,500

Nokia has launched a 24 carat gold version of its 8800 mobile phone. The gold edition phone comes with a camera, radio and MP3 player as standard. As well as these features the telephone also has a special edition box and charging dock.

5. Motorola V220 Special Edition: Price: £28,000

Motorola has also decided to release its own ultra expensive mobile phone and commissioned well known jewelery designer Peter Aloisson from Austria, who has also designed several other phones. The phone itself has 1,200 diamonds and its buttons are made of 18 carat gold.

4. Vertu Diamond: Price £50,000

Vertu is a British based company that specialises in luxury mobile phones. The Vertu Diamond is one of its handsets which is made of platinum and encrusted with diamonds. One of the benefits of owning a Vertu telephone is the special concierge button which allows the owner to use the concierge service 24 hours a day to book fine dining and travel whenever they need. Only 200 have been made.

3. Sony Ericsson Black Diamond: Price £162,000

Only 5 of these mobile phones have been made it is a Windows mobile with WIFI, camera and a SD memory card to store photos and other media. Jaren Goh which is a design company based in Singapore created the phone which is made from various materials including diamonds, titanium and polycarbonate.

2. Vertu Signature: Price £167,000

Another Vertu mobile phone this time designed by French jeweller Boucheron. This particular telephone has one pear cut diamond along with two emerald eyes and 439 rubies. Only 8 are being made and if you can not quite afford the £167,000 price tag there is a cheaper version available without the rubies at just £62,000.

1. Goldvish: Price £540,000

The most expensive mobile phone in the world is the Goldvish. It is a one off which has an incredible 120 carats worth of VVS-1 grade diamonds which are very high quality. Emmanuel Gueit had the pleasure of designing this mobile phone who usually designs watches for a living. The specifications of the phone include a radio and 2GB memory for storing media. The phone has already been bought by a Russian businessman for his wife.