We’re filing this one under ‘World’s Most Unnecessary Expenditures.’ An anonymmous Australian businessman’s blinged-out iPhone is worth approximately $3 million.

The rich Aussie commissioned British designer Stuart Hughes, who took customizing to new heights by adding rare 7-carat diamonds and a solid 22-carat gold case to encase it. The phone, which has a total of 138 flawless diamonds, was presented to it’s owner in a chest made of granite, Kashmir gold and Nubuck leather. If that’s way out of your budget, Hughes’ other customized iPhones will cost you about $16, 000.00.