Austrian designer and jeweler Peter Aloisson already has the crown of creating the world’s most expensive iPhone, the Kings Button, and this time he is back with lot more.

His latest concept and creation has been called “Phones and Stones” and “Apple and Stones”. These items are real luxury objects and are encrusted with Swarovski crystals.

The “Apple and Stones” collection includes the original iPhone, the iPhone 3G, the iPod nano 3rd gen and the iPod nano 4th gen.

Following the trend the Austrian designer and jeweller Peter Aloisson has rolled out the $176,400 Princess Plus iPhone and now its turn for the new Apple iPhone 3G “Kings Button” that is constructed of 18 carat yellow gold, white gold and rose gold.

The white gold line is encrusted with a total of 138 brilliant cut diamonds of the best quality. But the most prominent feature of this one-of-a-kind phone is its home button that features a rare 6.6 carat diamond.

This stunning diamond-encrusted iPhone comes for a whopping €1,790,000 (US $2,517,345). For the price, it steals the crown of the world’s most expensive iPhone.