If you think the global economic crisis is discouraging mobile phone manufacturers from launching uber-expensive devices for the time being, the recent unveiling of the Samsung Ego GT-S9402 clearly shows that they’re not that affected by it that much.

This new phone model from Samsung features an 2-inch QVGA AMOLED display, 5-megapixel camera with LED flash and autofocus, image stabilization and face and smile detection, FM radio, tri-band GSM/GPRS/EDGE, Bluetooth, 1GB internal memory expandable via microSD card, and is also a DuoS which means you can use two SIM cards on it at the same time. Except for the camera, the specs look pretty average, but what truly makes this model special and expensive is its use of liquidmetal composite alloy which is touted to be much better than titanium in almost all aspects. It may not be a Vertu, but the S9402 definitely provides a more luxurious option to Samsungs already impressive line-up of phones.

It’s expected to cost 1200 EUR or roughly P75K when it becomes available. With such a steep and hefty price tag, I highly doubt you’ll be seeing this in the regular mall stores if ever it does make it to the local market.