• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

A store for $300,000 cell phones

Michal Lev-Ram
By
Michal Lev-Ram
Michal Lev-Ram
Special Correspondent
Down Arrow Button Icon
Michal Lev-Ram
By
Michal Lev-Ram
Michal Lev-Ram
Special Correspondent
Down Arrow Button Icon
January 10, 2008, 3:15 PM ET

By Michal Lev-Ram


black-white-diamonds.jpg
LAS VEGAS — Step into Vertu’s new Las Vegas boutique and you’ll see pricey objects made of sapphires, gold and diamonds. But this is no jewelry shop — Vertu sells high-end cell phones at prices ranging from $4,650 to $310,000.

The U.K.-based company, a subsidiary of Nokia (NOK), has opened 25 boutiques worldwide since 2002. But its new location in the posh Wynn Las Vegas hotel is the company’s first store in the United States and it opened this week, just in time to piggyback on the Consumer Electronics Show.

“It’s like going from a Volkswagen to a Ferrari,” says Frank Nuovo, principal designer at Vertu and former chief designer of Nokia. “They’re both good but with a Ferrari you’re talking about something totally different.”

Plenty of cell phone companies make high-end devices for fashionistas willing to pay hundreds or even thousands of dollars for a unique, design-centric device. Samsung plans to sell a $1,600 music phone called the Serenata through Bang & Olufsen, and last year LG launched its $800 Prada phone in Europe. Nokia also has a $750 version of its N95 multimedia phone, but none of these devices are comparable to the prices found in Vertu’s lineup.

At $6,300, the company’s latest phone, called the Ascent Ti, is made of titanium, leather and sapphire crystals. It’s also got an “ear pillow” made of the same ceramic material that protects NASA’s space shuttle. Another device, the Signature Vertu phone (pictured above) has black and white diamonds and retails for $68,000. Yet another, a special edition Signature Cobra phone, was made in partnership with French jeweler Boucheron and features one pear-cut diamond, one round white diamond, two emerald eyes and 439 rubies. But while Vertu phones are heavy on the precious stones, they are lacking on advanced features. Most of the phones don’t even have a camera, though Nuovo says they all have Web browsers (assuming you don’t mind triple-clicking your way through a diamond-encrusted keypad).

So who buys these pricey, impractical devices whose technology may soon be as out of date as last year’s fashions? Not that many people. Only eight Signature Cobra phones were made and sold. Then again, the bejeweled device cost $310,000 a pop.

“All products eventually make that journey from functional to a work of art,” says Nuovo, who carries about four Vertu phones on him at all times.

For those of us who can look but not buy, Vertu’s Las Vegas store is still a treat — especially when compared to your average U.S. phone mart. Well-dressed salespeople are all smiles, the floor is made of marble and there are lots of glitzy mobiles to gawk though they’re all locked in glass display cases.

Next month Vertu plans to open another U.S. store in New York’s Plaza Hotel, and the company says more locations will follow.

About the Author
Michal Lev-Ram
By Michal Lev-RamSpecial Correspondent
Twitter icon

Michal Lev-Ram is a special correspondent covering the technology and entertainment sectors for Fortune, writing analysis and longform reporting.

See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Business professional typing on keyboard with holographic AI interface, command prompt and chat widgets, showcasing generative assistant, automation, data processing and digital workflow. AI interface
NewslettersCFO Daily
CFOs believe AI is paying off. Researchers aren’t so sure—yet
By Sheryl EstradaMarch 26, 2026
4 minutes ago
kennnedy
CommentaryDrugs
America is handing its mRNA lead to China—and RFK Jr. is to blame
By Jeff CollerMarch 26, 2026
11 minutes ago
posner
PoliticsElections
Trump said low-income housing would destroy the suburbs, but ‘soccer moms’ are still abandoning him in droves
By Steve Peoples and The Associated PressMarch 26, 2026
15 minutes ago
airport
PoliticsAirports
Houston airport, with nearly 40% TSA sickout, becomes symbol of America’s broken travel system
By Juan A. Lozano, Lekan Oyekanmi and The Associated PressMarch 26, 2026
19 minutes ago
meta
LawSocial Media
Meta, YouTube face thousands of cases on whether they harmed children after bellwether cases go against them
By Morgan Lee and The Associated PressMarch 26, 2026
22 minutes ago
postal service
LawU.S. Postal Service (USPS)
Postal Service to hike prices 8% on popular services on rising transportation costs
By The Associated PressMarch 26, 2026
25 minutes ago

Most Popular

Magazine
The youngest-ever female CEO of a Fortune 500 company is fighting Trump's cuts to keep Medicaid strong
By Fortune EditorsMarch 24, 2026
2 days ago
Success
Palantir’s billionaire CEO says only two kinds of people will succeed in the AI era: trade workers — ‘or you’re neurodivergent’
By Fortune EditorsMarch 24, 2026
2 days ago
Commentary
The Treasury just declared the U.S. insolvent. The media missed it
By Fortune EditorsMarch 23, 2026
3 days ago
Success
JPMorgan’s Jamie Dimon says remote work breeds ‘rope-a-dope politics’ and stunts young workers’ growth
By Fortune EditorsMarch 25, 2026
21 hours ago
C-Suite
'I didn’t want anybody shooting me': Five Guys CEO gave away $1.5 million bonus to employees over botched BOGO burger birthday celebration
By Fortune EditorsMarch 25, 2026
16 hours ago
Success
The job market is so bad that ‘reverse recruiters’ are charging $1,500 a month just to help people look for jobs
By Fortune EditorsMarch 25, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.