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Whilst many of us the world over are reeling in our spending in these times of economic melt-down (we won’t mention the “R” word) Vertu have decided to appeal to those less effected by the big crunch in releasing a new Ascent Ti luxury cell phone in the form of the somewhat pompously named Vertu Ascent Ti Damascus Steel.

Billed as sporting a casing that employs an ‘ancient steel forging method’ or, rather more impressively, the same method as was/is used to craft Samurai swords/Damascus sword blades, the GSM/UMTS Vertu Ascent Ti Damascus Steel luxury cell phone comes with a 240 x 320 resolution (QVGA) display, somewhat less impressive 3.2 megapixel camera with LED flash, 4GB of built-in memory and , if you’re wanting to get your hands on one, you’ll need to be quick as apparently only 100 units will see it into production.

Vertu are yet to confirm how much the Vertu Ascent Ti Damascus Steel will set you back (or when it’ll ship) but its safe to say that, concerning the price, if you have to ask…

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Vertu Ascent Ti Damascus Steel Luxury Cell Phone [New Ascent Ti Bucks Credit Crunch]

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