It’s called the Vertu Signature phone, and it’s made with real leather, diamonds and platinum. And the people who own it are the kinds of people who say “timepiece” instead of “watch.” According to the LA Times:

“‘I would compare it to very high-end cars or timepieces,’ said Youriy Iliev, 36, a Bulgarian American who described himself as an international financer. At the party he was wearing a Signature in a leather holster attached to his belt.”

If you get it with the snake, as shown here, the price jumps to $310,000.