Those who think paying HK$20,000 for a handbag is money well spent - and you know who you are - will love the latest offering from Loewe. To celebrate its 160th anniversary, the Spanish luxury fashion house has pulled out all the stops with its Special Edition Jewel 160 bag. What makes the bag so special is not just its HK$650,000 price tag, but the numerous encrusted jewels on it. And the craftsmanship, of course. The petite crocodile-skin evening bag comes with a four-diamond clasp, 18-carat gold hardware, topaz and amethyst embellishments, and just in case anyone sneaks a glimpse of your pouch unzipped, you can wow them with its nappa leather interior. But special things come to those who wait and after handing over more than half a million dollars, you'll have to sit tight for six months until your bag arrives. Loewe is at shop 345, Pacific Place, Admiralty, tel: 2918 1120.