For all those who think that the HTC EVO is a pricey take, a new android-powered smartphone has come up that is priced as $50,000.

It is Ulysse Nardin Chairman Phone that comes with a older version of Android smartphone, which runs on the Android 2.1 version and comes with a dock attached with it as reported by the Crunchgear, the online technology site.

Obviously when one pays a hefty sum of $50,000 one is sure to be proffered by a unique present, a polished work of wood panels, speakers and even USB ports- a definite piece of art. The smartphone is endowed with diamonds on its body.

One can wish for more than 32GB of internal storage, and a better camera than the 8MP with superbly mounted optical lens, at the very least, but it appears that the makers differ from that.

However no details of the specs of the same have been released.