MTO EXCLUSIVE: Floyd Mayweather Shows Off His New . . . $1 MILLION DIAMOND ENCRUSTED IPOD . . . The HEADPHONES Alone . . . Cost $50K!!!!

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Floyd Mayweather is showing off the latest flashy item in his growing collection. The boxing great was spotted carrying a diamond encrusted iPod and matching headphones as he and his girlfriend Keyshia Cole arrive at Catch Restaurant in West Hollywood, California.

We're told iPod the ipod - which is made of SOLID 18K gold - and has more than 100 CARATS of diamonds in it - is worth $1 MILLION. The matching headphones are $50K.

No wonder girlfriend Keyshia is so devoted. Remember how she hauled tail at the end of a performance to hop a plane to catch Floyd's legendary flight this past summer? She's fly or die.