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1. Mouawad: 10001 Night Diamond Purse – $3.8 million
This is THE most expensive bag in the world. And we’re not the only ones saying it – the Guinness Book of World Records has certified Mouawad’s 1001 Night Diamond purse as the most expensive handbag in the world. This unique masterpiece is the work of 10 professional artisans who together took some 8,800 hours to complete. Hammered from 18-carat gold, this heart-shaped purse features no less than 56 pink diamonds, 105 yellow diamonds and a staggering 4,356 colorless diamonds. In all, this totals 381.92 carats. All this jewellery goes some way towards explaining the eye-watering price tag. The jewellery itself is also explained by the fact that Mouawad is a multinational timepiece and jewelry and with this piece has gone down in the history of bags.