The House of Mouawad has now introduced what the Guinness World Records has labeled as the world’s most expensive handbag, valued at a whopping $3.8 million. Called “The Mouawad 1001 Nights Diamond Purse,” the luxurious handbag was unveiled by Fred and Pascal Mouawad, the co-guardians of the House of Mouawad. Pascal Mouawad said that the Mouawad 1001 Nights Diamond Purse has been designed to mesmerize with its lavish attention to detail and elaborate workmanship incorporating thousands of diamonds. The heart-shaped purse, handcrafted from 18kt gold, incorporates 18kt gold and 4,517 diamonds (105 yellow, 56 pink and 4,356 colorless) with a total weight of 381.92 carats.

The most valuable handbag in the world was designed by Robert Mouawad and handcrafted by 10 artisans over a period of 8,800 hours. Pascal Mouawad, said…

Fred Mouawad commented…

    This breathtaking creation is a unique masterpiece. [It’s] not only is it one of a kind but it is also the world’s most valuable, intensifying its power to enchant those who have the privilege of wearing it.

Back in 2003, House of Mouawad, in collaboration with Victoria’s Secret, made the “The Very Sexy Fantasy Bra,” the most expensive bra ever made worth $11 million. The Mouawad 1001 Nights Diamond Purse was unveiled at the Doha Jewellery and Watches Exhibition, and will be displayed until Sunday