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Wanna Buy A Cell-Phone, Cheap? Here's A Nokia, ONLY $90K!!
London's Guardian today reports that although Diamonds are forever, mobile phones are not designed to last quite so long. Unless you are a lucky recipient of a jewel-encrusted mobile this Christmas, that is. Vertu, a subsidiary of Nokia, is producing 200 mobile phones decorated with diamonds. The most expensive of the range are believed to be the first mobile handsets to cost in the region of $88,300.
The company, which sells the mobiles through expensive jewelers and department stores such as Harrods, plans to ship the first of the diamond handsets next week. The phones are handmade at the company's headquarters near Hook in Hampshire, and are already pre-sold. But don't worry if a Vertu phone is on your Christmas wish list. The company produces a range of "cheaper" handsets, which start at around $5,300, and these are still available.
So what do you get for your 90 grand? Down the side of the phone is something called a pave, jewelers' parlance for a "carpet" of tiny diamonds. The keypads of the most expensive handsets are made up of eight carats' worth of diamonds. The keypad itself is housed in a body of white gold (or platinum), underpinned with ruby bearings and furnished with the same ceramic material that was initially manufactured for the space shuttle.
"Luxury isn't about need, it is about want," explains Chris Harris, the company's UK sales director. "We all have our areas where we spend beyond reason because we get a buzz from it. Owners of Vertu know they are buying an object that only a few people can own." Indeed, consumer technology has long had a luxury market that, at its peak, is often indistinguishable from jewelry. The humble timepiece can cost eight dollars, but it can also cost $18,000 and do its job little better. But to the owner, that's not the point. You only have to look at the Persian wealth currently on show at the British Museum to see that everyday objects have long been status symbols.
Surprisingly, the $88,300 phone comes with just a single year's warranty, doesn't have a camera and there are no promises to retrofit the handsets if the current GSM technology, which it relies on, is ever replaced.
Even a $88,300 phone has a finite lifespan as a working model. But then again, it is easy to be snotty about such success. What Vertu is doing, after all, is establishing a luxury brand that is becoming synonymous with hi-tech phones, just as Switzerland is with high-end watches. And you can admire a Vertu almost like a Faberge egg. The engineering is technically excellent and the aforementioned ruby bearings are designed to perform millions of actuations over the handset's life cycle, for example. The phones are far more durable than regular brands and are expected to last up to 20 years if looked after properly.
It is tempting to think of such glittering objects as future antiques, bought as an investment, and Vertu says that a number of its phones are bought by collectors, especially in the far east. So could we expect to see a Vertu handset pop up on the Antiques Roadshow 50 years from now?
"That's just silly," says a spokeswoman with the auction house Christie's. "The jewels will have an inherent value," she says, "but it is impossible to know what they will sell for in the future. What gives an antique its value is a combination of rarity, quality and provenance. Just because a rich person owns it doesn't give it value."
But if a famous person owns it, then it is a different story. David Beckham, Gwyneth Paltrow and Brad Pitt all own Vertu phones, as do members of the Saudi royal family. And Vertu is not the only firm making phones that go bling, bling.
Motorola is rumoured to be producing a limited edition, solid gold version of its superslim clamshell, the V3. Last month, Samsung, one of the biggest "non-luxury" phones manufacturers, announced a partnership with Bang & Olufsen, the Danish makers of sleekly futuristic audio equipment. The resulting lovechild is the Serene, a very odd mobile handset. It features a "dial" keypad, doesn't play music and is expected to cost around $1,240 when it goes on sale in the UK next month.
"The intention is to provide an alternative for those customers who demand the highest quality," reads a statement from the company, "for whom simplicity and quality are important factors, and for whom less can be more. It is a phone you want to keep. It is timeless in use, in design, and in technology, freed from unnecessary functions and instructions." The phone is, therefore, the polar opposite of the Vertu handset. But then again, when have the rich ever agreed on what makes style?
But blinging up your phone is no longer the preserve of the super-rich. Jewelry makers such as Boodle already supply a range of accessories to glam up the most mundane of mobiles, and Swarovski, the makers of high-quality crystal products, manufacture special cases and holders for mobile phones that sell for several hundred dollars each.
But adding a bit of glitz to your phone doesn't have to be so expensive. Last week, Siemens unveiled its first piece of mobile jewelery. Inspired by the Japanese practice of accessorising handsets with bits of pendants, lucky charms and ribbon, the Gharani Strok charm will be available for $150.00 from the Siemens website.
"We found that women are left cold by the square masculine designs of most mobile phones," says Louise Forbes, the company's head of marketing. "They want their phones to be feminine - a fashion accessory rather than a functional tool."
Conspicuous consumption, as defined by the Norwegian-American philosopher Thorstein Veblen, describes the flaunting of prosperity, power or prestige, and it can take the form of a Rolex watch, a Rolls Royce or the ownership of a football club. With consumer technology so important to so many people, it has become another obvious choice.
There is even a 24-carat gold holder for Sony's PlayStation Portable on sale at Harrods this Christmas. Produced by Simmons the jeweler, the $35,400 Baby Phat is made using a pound of gold, with yellow and black diamonds on the front and "croc finishing" on the back.
But with mobile phone theft rife, you can't help but wonder about the wisdom of such purchases. "If you can afford to buy one, you can afford to lose one," says the cabbie on the way to the Vertu factory.
Bling-bling, ring-ring.
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