In England, specifically Titchfield, Hampshire a small family jeweler has taken it upon themselves to create the most expensive Christmas ornament in the world.

According to Mark Hussey as reported in the Telegraph, a partner in Hallmark Jewellers he had a vision about making something special and had done some research into the priciest ornaments currently available. He had been working on the piece for almost a full year starting just after Boxing Day 2008, which is traditionally the day after Christmas. Even though they would love to find a buyer for the fabulous piece he did mention that he wouldn't mind finding this special ornament on his own tree come Christmas Eve.

The ornament itself is composed of 18 carat white gold and is studded with over one and half thousand diamonds. Two rings consisting of 188 red rubies surround the body of the ornament. It took over 130 hours just to set the gems in the piece. The National Association of Goldsmiths independently valued the bauble at 82,000 British pounds which depending on the exchange rate is just over $130,000. All of this hard work and expensive gemstones are not going unprotected. In something out of a James Bond movie the decorative ornament is encased in a special container framed in steel an 6mm thick laminated glass. If the alarm is triggered a internal signal will fill the shop with smoke.

Will the name Hallmark become associated with Christmas the way Faberge is permanently linked to gorgeously designed and bejeweled Easter eggs? Only time will tell, but if you'd like a very splashy ornament for your tree you know where to look.

I'm not generally a big fan of diamond-encrusted cell phones but I think the iPhone lends itself to the idea better than others because it's so sleek and has such a limited area where diamonds can be placed. Claiming to be the world's first real diamond-studded iPhone, the Apple iPhone 3G by Swiss jeweler Knalihs Athem is made with 475 brilliant cut diamonds totaling 3.75 carats. Only 50 iPhone 3G handsets will be created on a made-to-order basis, with the first 10 units being sold at the special price of $10,000. iPhones 11-50 will be priced "sharply upwards."

I'm not sure what that translates to exactly but it sounds like if you want one you better move fast.

I love my Macbook, but I don't know that I'd ever considering going so far as to plate it in gold with a big diamond-studded apple logo. But if you're of a different opinion and have the money to burn then you should get in touch with the team over at Computer Choppers and commission your own customized laptop casing, with options including gold or platinum plating with diamonds, sapphires, and other gems. Pricing varies, of course, but estimates for a gold-plated Macbook Pro run around $1200-$1500 plus another $500-$2400 for the logo (depending if you want CZs or diamonds).