The Diamond Crypto Smartphone, designed by luxury accessories maker Peter Aloisson, is priced at a crisp $1.3 million and is tagged as the costliest in the world. Apart from the enticing looks, this phone manufactured by the Moscow-based JSC Ancort Company uses powerful encryption technology to provide special security. This technology is used with the aim of securing the user’s identity together with keeping intact info about kidnapping, technological blackmail, financial racketeers and corrupted state officials.