Even though today’s economic downturn is affecting most, still luxury mobile phone manufacturers push out inordinately expensive diamond and gold clad mobile handsets, and somehow still manage to find buyers.

The guys over at PhoneArena spotted this expensive bugger, the GoldVish Revolution comes to the lavish rich complete with 29 carats of diamonds along with a lavishing of 18k gold and a mechanical watch thrown in for good measure, and only 9 being made.

The asking price is €369,000 that’s roughly $485,500. The thing that gets me about these mobile phones is they sure must be a prime target for robbery and muggings, either that or they keep them under lock and key, so what’s the point?