Got £20,000 to spend on a mobile phone? Of course you have. That's what Amosu is hoping anyway with the launch of the diamond encrusted 16GB iPhone 3G.

Following on from the £20k first generation iPhone, the company has added extra features for those who must have diamonds.

You get to choose the colour of the back of the phone as well as the diamonds.

Amosu is a bit vague as to what colours you can have - we presume any colour - they are suggesting that "ladies that want a 3G iPhone with pink diamonds can now have the back in pink".

Credit crunch, what credit crunch?