By Michael Oleaga / ( | First Posted: Nov 25, 2012 09:46 AM EST

An Apple iPhone 5 phone is displayed in the Apple Store on 5th Avenue in New York, September 21, 2012.
(Photo : REUTERS/Lucas Jackson)

The iPhone 5 might be a hot seller on the smartphone market, but so are the accessories such as covers.

With that noted, how much will a customer be willing to spend for a cover?

For those with the income, $302,985 is the right price for a Lotus case decorated with 18-carat rose gold, pink, and white diamonds, courtesy of Uunique in the United Kingdom.

In a presentation featuring actress Mischa Barton, from The OC fame, she and London technology brand Uunique collaborated on a series of accessories for the iPhone and iPad series.

"Uunique approached me and I thought it would be a really interesting thing to design something that was both functional and fashionable," said Barton during the accessories launch, according to T3.

"We wanted to incorporate different types of embroidery and embossing and different fabrics. I see a lot of use for different kinds of fake metals and Perspex, fake wood, cork and plastics and to just see what you can do," Barton added.

Barton's collaboration with Uunique is known as "Uunique by Mischa" with features iPhone 5 covers with a price tag as low as $56 USD but goes as high as $960. However, the $302,985 iPhone 5 case, part of Uunique's London Lotus line, is what's capturing the headlines.

Uunique was founded in November 2009 after what they believe was after noticing a "huge gap" in the mobile market for accessories featuring "real style."

"We now have design studios in London, Paris and Milan which allows us to keep up with all the latest trends. We take inspiration from catwalks, new material techniques and fabrics. At UUnique London we always look to combine unique designs with amazing quality," states Uunique on their official website.

For the iPhone 5 covers by Uunique, click here.

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