The finished lens is 6.3 nanometres in size as compared tothe previous smallest lens which was50 nanometres thick.
According to ABC News, the lens has beencreated by a teamof researchers led by Yuerui 'Larry' Lu from Australian National University (ANU).
Scientists said the lens could have revolutionary applications in medicine, science and technology and the it could be used to create bendable computer screens.
While the the newlens has already been experimented by technology companies with prototype TV and computer screens that can be rolled up or folded, the mass production at cheaper price is yet to be devised.
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Another application of the Australian-made lens could be arrays of micro-lenses that mimic the compound eyes of insects.
Lu wholedthe Nano-Electro-Mechanical System (NEMS) Laboratory in ANU Research School of Engineering, said a crystal called molybdenum disulphide was the special ingredient.
Researchers shaved off layers of the crystal atom by atom in a bid tocreate an object with the domed shapeof a lens and the delicate operation used an ion beam, something commonly used in electronics manufacturing.
At one stage in the process, scientists used sticky tape to peel off a sliver of crystal from which they crafted the final product.