Hah! Just when we were starting to think today might be a slow news day, word came in on this little gem: bedazller jeweler Knalihs Anthem has studded out 50 iPhone 3G handsets with 475 diamonds each, and wants to sell you one.

How much, you ask? If you manage to nab one of the first 10, you’ll walk away with it for a paltry $10,000. Jeez! That’s less than I pay my butlers per quarter on my private island! After the first 10 are gone, the price will start ticking upwards.

I’m going to go cry now.

[Via Bornrich]