A suit from the most expensive luxury wool sold for £70,000

A suit made from "the world's most expensive wool", designed by Alexander Amosu, has been sold to a mystery buyer for £70,000.

It took more than 80 hours to make the suit from Arctic wool, qiviuk, and rare South American wool, vicuna.

"I firmly believe that in the wake of the recession, there is still a demand for uncompromising quality", said the designer Alexander Amosu.

The suit, which has 18-carat gold and diamond buttons, is due to be delivered to its buyer at a central London party.

It was made with 5,000 individual stitches, each costing £14. The qiviuk and vicuna wools were blended with pashmina to create a cloth known as Vanquish II.

Mr Amosu specialises in designing luxury fashion and technology products. Initially he made his fortune by composing and selling mobile telephone ringtones.

"We might not be catering to everyone, but the people who buy Alexander Amosu want to wear the very best suits in the world," he said.

The £70,000 suit is not the only expensive piece of fashion to go on sale recently. Last week, British department store Selfridges launched a £2,000 Swarovski crystal-encrusted bikini which was so popular a waiting list had to be created. Earlier this year, a Malasian designer created a diamond-encrusted gown valued at $30 million, while luxury French shoe designer Roger Vivier unveiled pair of £30,000 high heels.