This morning rumours are doing the rounds that the new iPhone 5 will retail at a whopping $800 (that’s over £500 to us Brits). Twitter is already awash with iPhone fans voicing their disgust at the hefty price tag with many saying they shant be parting with their hard earned cash for it.

With that in mind, we’ve decided to take a look at some of the world’s most expensive phones. And we’ll be honest, my comparison the iPhone 5 looks about as cheap as a Big Mac Meal.

The Diamond Crypto Smartphone
Cost: £827,060.
Why so much?: Designed by the legendary diamond encruster (yes they exist) Peter Aloisson the phone features 50 diamonds 10 of which are rare blue diamonds so that’s where the majority of the price tag is going. It’s main feature though is it’s encryption abilities which mean you’re protected against technological blackmail and state officials (according to it’s official description).

The Vertu Signature Cobra
How much?: £167,567
Why so much?: Despite it’s rather ugly appearance this phone carries a price tag most people could never afford that’s because only 8 of them were made in the world and they were designed by the French jeweller Boucheron. But with no camera, only 1MB of memory and that God ugly snake curling around the design who would actually want to spend money on it?

The Sony Ericsson Black Diamond
How much?: £192,948.87
Why do much?: It’s the state of the art technology that your money is being spent on here that includes a 2-inch touch-sensitive screen and super fast Intel processor. It’s quirky shape and boarderless screen are made of titane with polycarbonate and features, of course, a side helping of diamonds to give it that glossy feel.

The GoldVish ‘Le Million’
How much?: £835,625
Why so much?: Designed by Emmanuel Gueit this phone boasts a Guinness World Record. Amazingly it’s made from 18k white gold and it has 20 carats of VVS1 diamonds. But you can’t just walk into a shop and buy one of these, oh no, they’re made by special order only.