$15 million iPhone shows off rare black diamond

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Joe then told Hughes about the black diamond that had been in his family for generations. Hughes spent nine weeks creating the solid gold chassis of an iPhone 5 and then placed the black diamond as the home button.

The appraisal Joe had done on the black diamond put its value at approximately $14.5 million, according to Hughes, who said he saw the certificate of authenticity.


Hughes told CNN that one of the solid gold handsets with the diamonds that he crafts is worth approximately $153,000.

“We had a tech guy in Macau who was able to set the stone, which to this day has never left China,” Hughes said.


Hughes set a record in 2011 for crafting an iPhone 4S with 500 individual diamonds, totaling more than 100 carats. That phone was estimated to be valued at $9 million.

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