If the iPhone just isn't trendy enough, how about a cell phone studded with 400 Tiffany diamonds? Tiffany & Co has teamed up with Softbank Mobile of Japan to produce this $94,000 beauty. The 400 diamonds will total over 20 carats making this one of the flashiest and trendiest phones around.
Implications - No matter how opulent something is, there is always a market for products that redefine the meaning of luxury in a dramatic way. Innovations like this appeal to consumers with hefty bankrolls who want their wealth to stand out, and while these products may be anything but affordable for most people, it is this exclusive opulence that makes them all the more appealing.