It could be a queue for a pop concert, a top nightclub or even the opening night at the theatre. But the hundreds of people lined up in a Hong Kong street are actually waiting to bag a bit of luxury.

“We’re looking for new handbags,” says student Celeste Law as she queues patiently alongside her friend Karina Luh outside the supermarket-sized branch of Chanel on Hong Kong’s Canton Road.

The students, both 20, already sport impressive accessories — Celeste carries a Louis Vuitton monogrammed bag, while her friend’s is from Chanel.

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.

Just some weeks ago we presented the Prada customizable sunglasses, allowing you to put two initials on the Prada Private sunglasses.

Now the Italian luxury brand takes the concept further and introduces the Made To Order “Lettering” Service exclusively online and in select Prada boutiques.

Backpacks, trolleys and tote bags can be customised with letters that come in pop art-tastic colours and prints.

The legendary “it” bag and luxury status symbol, the Hermes Kelly, has been magnified by 15 times its original size for a special exhibit in London.

Luxury goods company Hermes teamed up with Selfridges to present the “Kellydoscope,” a unique customer experience that showcases, using video technology and special effects, what it feels like to be inside the iconic handbag.

The Kellydoscope, which stands 4 meters (13 feet) high, took more than five months to develop. Every detail of the regular-sized Kelly has been faithfully reproduced on the giant tan leather-bound and beige toile fabric-lined one.

Louis Vuitton team have launched their new collection of accessories named Monogram Empreinte.

The Fall/ Winter 2010/ 2011 range is very diverse and it is mainly focused on handbags which are made of soft and nice-to-touch lamb skin.

The line offers a hobo, very practical tote bags with additional shoulder straps, handbags, wallets and some very appealing clutches.

Now available through Louis Vuitton is a Revelation Keep-all Bag, which is a part of the famed fashion house’s Fall/Winter accessories range.

The bag is distinctive with its raised Monogram pattern on soft black, grained veal leather which is inspired by scarification.

In the inside, the lining is also made from grained veal leather, but this time in rich burgundy-ish color.