The 7 priciest handbags in the world

If you thought a $268 Michael Kors tote bag was expensive, then chances are you won’t be picking up an 18-karat-gold, diamond-encrusted handbag any time soon.

However if you're feeling like flashing the cash, here's seven of the most expensive handbags on the planet.

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The Louis Vuitton Tribute Patchwork Bag

7. The $42,000 Louis Vuitton Tribute Patchwork Bag

Louis Vuitton designed just 20 of these beauties, which come in a $42,200 each.

They sold like gold dust but Queen B herself managed to snap one up before they were gone.

The Judith Leiber Precious Rose Bag

6. The $92,000 Judith Leiber Precious Rose Bag

The Disney princess style bag is the only one made in the entire world and features thousands of pink sapphires and diamonds

The precious, pink, rose, handmade, evening purse is made up of 1,016 diamonds totaling 42.56 carats, 1,169 pink sapphires and 800 tourmalines.

The Hermes Matte Crocodile Birkin Bag

5. The $120,000 Hermes Matte Crocodile Birkin Bag

This bag was created by Hermes in homage to Jane Birkin and features top grade crocodile leather.

The clasps decorated with 10-carat white diamond but for those who are after a cheaper version, Hermes also offer a similar $5,000 bag.

The Lana Marks Cleopatra Clutch

4. The $250,000 Lana Marks Cleopatra Clutch

Lana Marks only creates one Cleopatra bag a year so the exclusivity factor is extremely high.

Each one ranges in style and colour from year to year.

Helen Mirren wore this diamond encrusted version to the 2007 Oscars

The Chanel Diamond Forever Bag

3. The $261,000 Chanel Diamond Forever Bag

Only 13 of these white alligator skin bags were made and five of them are in the United States.

Each one is created using fine crocodile leather and adorned with 334 diamonds and 18-karat-gold hardware

The Himalayan Crocodile Birkin

2. The $300,168 Himalayan Crocodile Birkin

Thought to be the most expensive Birkin ever offered for sale, the rare diamond-encrusted crocodile bag reached a whopping $300,168 at auction in 2016.

This bag is made of Nilo crocodile and the fabric is meant to evoke images of the Himalayan mountains.

It's decorated with 18-karat gold fasteners, with the lock alone comprising of 68.4 grams.

The Mouawad 1001 Night Diamond Purse

1. The $3.8 million Mouawad 1001 Night Diamond Purse

This handbag has been certified by the Guinness Book of World Records as the most expensive bag in the world, coming in at $3.8 million.

This lavish purse is encrusted with 18-karat gold and almost 5,000 diamonds.

It took 10 professionals 8,000 hours to make the diamond-encrusted bag.

56 pink diamonds, 105 yellow diamonds and 4,356 colorless diamonds are the main highlight of the piece.

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