$842,000 cell phone strap

Diamonds in yellow, blue, pink

We try not to be too judgmental about luxury items here at Crave, being of the capitalistic ilk ourselves. But this is one example that even we find galling: a diamond-studded cell phone strap.

Renowned Japanese jewelry designer Diaddict has created a one-of-a-kind strap that boasts a 6.02-carat yellow diamond, .61-carat blue diamond, .36-carat pink diamond and 2.1 carats of white diamonds, according to Luxist. The price: 100 million yen, or about $842,000.

At that price, you'd be hard-pressed to find a phone that cost more than the strap, even if you were an Egyptian queen.

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