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Starmobile Diamond V7 to be priced more than Php14,000?

Along with Starmobile Knight revelation is the Starmobile Diamond V7. Yugatech on its blog post noticed the similarities of the Starmobile Diamond V7 to local brand in Thailand which is i-mobile IQ9

Starmobile Diamond V7 specs posted on Yugatech:
5.7-inch HD display @ 720×1280 pixels, 257ppi 
Asahi Dragontrail Glass
MediaTek MT6589 1.2GHz quad-core processor
PowerVR SGX544MP
4GB internal storage
up to 32GB via microSD card
3G/HSPA up to 7.2Mbps
Dual-SIM, dual standby
WiFi 802.11 b/g/n
Bluetooth 2.0
18MP AF BSI rear camera with dual-LED flash
1080p video recording @ 30fps
8MP AF BSI front-facing
1080p video recording @ 30fps
GPS w/ aGPS support
Android 4.2 Jellybean
Li-ion 2,600mAh battery

The complete specification of i-mobile IQ9 can be accessed through this link. Based on my impression, indeed the specs of two mobile phones are similar. The price of i-mobile IQ9 in Thailand is 9990 Baht. Assuming the two mobile phone units are the same, with the conversion rate of 1 baht= 1.4 Philippine Peso, expect the price of Starmobile Diamond V7 to be over Php14,000.