The Cottesloe resident said his jewellers had spent 60 hours on the $26,000 trophy that depicted a tennis racquet and ball.
Mr Greene said he was a regular at the 26-year-old event so was keen to take up an invitation to design the new trophies using just under an ounce of 18-carat white, yellow and rose gold.
Each trophy is set with more than 180 diamonds equalling 2.5 carats, including about half a carat of Argyle Pink Diamonds, which have been donated by Rio Tinto.
Winners will also each receive a replica of the trophy in the form of a pendant for the female and pin for the male.
Mr Greene said it would be great if the two Australians ” Sam Stosur and Bernard Tomic ” won the first trophies.
Sold Gold Diamonds, which has taken over from Brinkhaus Jewellers in Claremont as the trophy designers, will have a limited edition pendant and pin in 18-carat white or yellow gold available for sale to the public.