Like this phone? Are you prepared to pay $250,000 for it?

Posted at 11:14 PM, Oct 18, 2014
and last updated 2014-10-18 23:19:35-04

(CNN) — Smartphones just got smarter – or at least more expensive.

With a price tag of $250,000, Savelli smartphones come complete with 18-carat white gold casing encrusted with precious diamonds.

It’s as much a piece of jewelery as a gadget.

The mission of its makers, the Geneva-based jeweler Savelli, was to “elevate a phone into haute couture.”

“It’s the most important object one has with them all the time — it’s in your hand, it’s in your pocket, it’s next to you when you sleep, you can touch it 100 times a day,” Alessandro Savelli, the firm’s CEO, told CNN’s Nina dos Santos.

The jeweler is hoping to win the hearts of luxury shoppers, with the brand focusing exclusively on women.

“I think our customers are really looking for something special, really a beautiful object which they use every day and is extremely visible and really makes part of their persona,” Savelli said.

The limited collection features 11 smartphones powered by Google Android system and decorated with luxury materials, such as sapphires and emeralds, and finished off with ostrich, python and iguana leather.

The two most expensive models are limited to only 27 pieces. The hand-made Emerald Night, is embellished with 18-carat rose gold and 400 brilliant-cut emeralds, while Emerald Insane features 75 baguette-cut emeralds on white gold.

The same techniques and materials used in jewelry manufacture are used to produce the phones, Savelli said.

“We don’t really see the mobile phone industry as a competitor,” Savelli said. “We see more the watch and jewelery as our universe.”

After launching in Europe, the brand is now looking towards the east and emerging markets, such as China, Middle East and Russia, where the luxury business is booming.