London July 15 (IANS) Britain-based luxury phone-maker Vertu which rolled out jewel encrusted smartphones costing as much as $46 600 is not finding buyers for its devices setting the stage for its collapse the media reported.
The company recently faced financial difficulties and will be liquidated after a plan to save it failed BBC reported.
Nearly 200 jobs will be lost as a result of the company s liquidation.
"Well it s gone into liquidation and I m not being paid by them any more " a spokesman for the firm was quoted as saying.
Vertu phones carry hefty price tags and one model featuring 18-carat red gold could cost as much as $46 600.
Vertu was founded by Nokia in 1998 but it was sold in 2012. The following year Vertu switched from using Nokia s Symbian operating system to Google s Android.
--IANS
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