House of Mouawad 1001 Nights Diamond Purse

Think your new Birkin bag beats all? Think again. Its a grocery bag compared to the House of Mouawads 1001 Nights Diamond Purse. This diamondencrusted gem of a handbag is officially THE most expensive handbag, according to the Guinness Book ofWorld Records. Its made of 18 kt gold and its encrusted with more than 4,500 diamonds. This insanely gorgeous bag will set you back $3.8 million. If you get this one, be sure to splurge for the armed guard youll need to follow you around.