At first look zirconia ceramics would seem to solve all of apples problems concerning the rear of the iPhone. For one it would eliminate the discontinuity of rear housing and black antenna cover. Second it would allow for exceptional radio transparency. Third Zirconia has a Mohs hardness of 6.5 making it scratch resistant (Diamond is a perfect 10 Alumina a 9). Lastly it is easily sintered into complex shapes that are usually exclusive to plastic molding techniques.
The problems with zirconia ceramics lie in problems not foreseen by current iPhone users. First and probably most importantly Zirconia ceramics have a Tensile Strength of 35K PSI compared to that of 6061 aluminum: 45K PSI and 304 Stainless steel: 72K PSI. As you can see Zirconia is the weakest of these 3 materials.
One of the negative results of very hard materials is they are typically very brittle. While Zirconia is one of the strongest ceramics (it is know in the industry as ceramic steel) it is still quite brittle compared to its metal counterparts. What this boils down to is if you have managed to crack the glass screen on your iPhone you wont have ANY problem cracking the entire rear housing of a Zirconia backed iPhone.