Diamond studded Mobile phones sold out in three days!

Japan's Softbank Mobile sold out its limited edition $134,000 Diamond studded phone in just three days. Each phone is studded with 537 diamonds from Tiffany and Co. Japan is currently world's largest market for luxury goods.

Softbank spokesman Katsuhide Furuya replied:

"All eight were sold by November 3. I guess the buyers found them worthwhile."

In a country where nearly everyone owns a mobile phone leading fashion companies are on their way to enter the mobile phone market. Earlier this year Softbank rival NTT DoCoMo Inc. launched a phone designed by Italian brand Prada. Gucci also started a website for items accessible only by Japanese mobile phones.

Once again the luxury product market showed the world they have nothing to do with the financial crisis now.