Italian fashion house Versace in May will introduce its first mobile phone, entering a blossoming new high-price category for luxury fashion brands.

Versace created the phone with ModeLabs, a French company that also makes phones for fashion house Christian Dior and watchmaker Tag Heuer.

True to Versace style, the bespoke phone will feature premium materials such as leather.

Porsche Design has sent out details about a new edition of the candybar phone the firm released on the open market last year.

The P’9522 Black Edition will be available by the end of the month, and was created in-house at the design firm’s R&D facility in Austria.

The model is still “milled from a block of solid aluminum,” only now the casing is colored entirely in darker tones.

Monocle has teamed up with BlackBerry to produce 100 unique Bold 9700 handsets.

Each device comes pre-loaded with Monocle’s 25/25 travel guides to the best business cities in the world and will also include specially design wallpapers.

They have 16GB cards and are also supplied with battery, charging pod, world charger, media player headset, USB and gift packaging.

The luxury mobile phones manufacturer Vertu has launched a special edition of its Ascent Ti in support of the Institute for Brain and Spinal Cord Disorders.

This special edition has been created to raise funds for the ICM charity with donations made from each Special Edition sale.

The luxury mobile phone is handcrafted in England and has a design inspired by supercars, which is supposedly a favorite of Jean Todt – ICM President.

With a price tag of $3.2 million, the new iPhone 3GS Supreme launched yesterday by Stuart Hughes could be the world’s most expensive phone.

The handset was made for an anonymous Australian businessman with 271 grams of 22ct solid yellow gold and 136 flawless F-color diamonds totalizing 68ct.

The Apple logo is made from solid gold and decorated with 53 diamonds of 1ct, while the front navigation button consists of a single 7.1ct diamond.

Sony has added another mobile to their Xperia range with the launch of the Sony Xperia Pureness, which is touted as a “Fashion Phone”.

“The company’s designers aimed to sculpt an object of design that reflected the purity of water and a sense of calmness when not in use.”

It sports a beautiful transparent screen and a hidden keypad which reveals itself when in use.