The mp3 player, or digital audio player, is a small portable device which –as we all know- plays digital music files, the most common of which are mp3s. Flash-based players, like the Apple iPod Shuffle, and digital jukeboxes, like the larger Apple iPod, are becoming increasingly popular gadgets used by millions around the world.

After receiving an order from Russian-Canadian billionaire Alex Shnaider, owner of the Midland Formula 1 team, TrekStor a German manufacturer of MP3 players has developed the most expensive MP3 player ever built. This unique custom-made portable music device was created based on TrekStor’s i.Beat organix mp3 player.

The mp3 player has one gigabyte of memory, a battery life of 25 hours, and supports MP3, WMA, WAV, ASF, OGG audio files. But what really makes this an expensive mp3 player is the exterior.

The TrekStor MP3 player i.Beat organix Gold is cast in 18 carat gold and adorned with 63 diamonds (one carat). The gadget also has a modest chain ornamented with aquamarine gems. The exclusive, unique player was presented to the public for the first time at CeBIT, the world’s largest IT trade fair in Germany.

Jewelers Wenthe in Mannheim/Germany put over 100 hours of meticulous handcraft into the most expensive mp3 player making it an exquisite piece of jewellery.

This mp3 player may never become the most popular, but TrekStor has recently decided to produce a limited series of this magnificent gadget for those who would buy the most expensive mp3 player in the world.

As for the price? Well, that’s only available on application so that gives you some idea!