Stuart Hughes, the British jeweler known for his expensive remakes of popular gadgets, is at it again, this time with a diamond-clad iPhone 4 with a price tag of 5 million pounds, or roughly $8 million. This luxurious of an iPhone had been added with around 500 individual flawless diamonds that total more than 100 carats.

There are 53 additional diamonds in the back and the main navigation button is made of platinum, holding a single cut 7.4 carat pink diamond. For the rich, this probably means something as only two of these will ever be made. The owner of one of these will have the slimmest chance in bumping with another who owns the same luxurious phone.

For us simple people living the simple life, I guess we could call this silly. What do you think? Is this worth it?