Melbourne, Nov 11 : A solid 18-carat white gold fountain pen encrusted with 850 diamonds was Thursday put on display in Australias Brisbane city.

The fountain pen costs $1.7 million and has been put up at the Brisbane Arcades The Pen Shoppe, AAP reported.

The elegant Caran dAche 1010 fountain pen was designed as a tribute to Swiss watchmaking.

The Pen Shoppes owner Barbara Nichol said a number of people have shown interest in buying the gold pen.

"Fountain pens have made a significant comeback recently. With computers, handwriting has been considered a dying art.

"However, weve found more and more people wanting to perfect their writing style and they want to use a nib and ink," Nichols was quoted as saying.

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