We have seen a few diamond encrusted iPhone’s before on geeky gadgets, but none as expensive as the iPhone 3G ‘Kings Button’.

This crazy 3G iPhone is the creation of Austrian Jeweller Peter Aloisson, and it features a diamond encrusted bezel, white and yellow gold, and total of 138 brilliant cut diamonds.

If you want one, then your are going to need a cool 2.5 million US dollars, check out the size of that diamond where the iPhone’s home button is.

Product Page via Craziest Gadgets