The House of Mouawad has just unveiled the Mouawad 1001 Nights Diamond Purse, the world’s most expensive handbag, valued at a staggering $3.8 million.

The most expensive purse in the world was designed by Robert Mouawad and handcrafted by 10 artisans in over 8,800 hours.

The heart-shaped purse incorporates 18kt gold and 4,517 diamonds (105 yellow, 56 pink and 4,356 colorless) with a total weight of 381.92 carats.

Rock Royalty, a new Nashville-based luxury design house that manufactures one-of-a-kind, custom guitars, is offering the ultimate in rock star decadence: an $85,000 custom alligator skin, diamond and sterling silver Fender Telecaster.

Commissioned by a mysterious Chinese client, Italian styling house Fenice Milano has teamed up with exclusive gadget designers Stuart Hughes to create the 500,000 Euro ‘Fiat 500C La Dolce Vita Gold and Diamonds 200hp’.

The interior of the Fenice Fiat 500 Convertible Abarth has been decked out with teak inserts, special leather and diamonds.

The console is embellished with a gold framed instrument panel and teak and 24K gold inserts dashboard, whose profiles are hand-shaped by FM’s artisans.

The Bvlgari name is synonymous with quality and elegance, and these Parentesi diamond sunglasses are the epitome of luxury.

The Bulgari sunglasses are embellished with 206 pave diamonds set in 18 carat gold and feature the iconic Parentesi pattern.

Only ten exclusive pairs will made presented in a Bulgari gift box with a unique case.

Mexican distiller Hacienda La Capilla, has unveiled a 1.3 litter tequila bottle called “The Diamond Sterling” on Monday.

The bottle, made of 2.3-kilogram layer of platinum and over 4,000 diamonds totaling 328 carats, is valued at around $3.5 million.

The bottle, designed by Fernando Altamirano, was seen during an interview with Reuters television in Mexico City.

A diamond-studded saucepan is attracting plenty of interest at Moscow’s top annual luxury fair, where a vast array of sparkly bling, fast cars and enormous price tags is on offer.

The saucepan has a handle and lid encrusted with 270 diamonds and is decorated with 18-carat gold, brand manager Natalya Oreshkina said.

Made by German cookware brand Fissler, the utensil is not really suitable for cooking, Oreshkina added, shuddering at the idea of putting it in an oven.

“It is for serving food beautifully,” she explained as crowds packed the Manezh exhibition centre in central Moscow on opening night Friday.