image

Ultra Luxury

World’s most expensive handbag on show at Christie’s Hong Kong and it could be yours … for a few million dollars

The heart-shaped purse is covered with more than 4,500 diamonds, weighs in at 381.92 carats and had an original price tag of US$3.8 million in 2010

PUBLISHED : Wednesday, 18 October, 2017, 12:34pm
UPDATED : Wednesday, 18 October, 2017, 10:39pm

A diamond-encrusted handbag billed as the most expensive in the world has been put up for sale. The Mouawad 1001 Nights Diamond Purse is currently on display at Christie’s in Hong Kong.

The one-off accessory holds the Guinness World Record for being the most valuable handbag produced, with an original price of US$3.8 million in 2010.

The statement piece, designed by the jeweller Robert Mouawad, is handcrafted from 18-carat gold and covered with more than 4,500 diamonds.

Salvator Mundi, the last da Vinci painting in private hands, expected to fetch US$100m at Christie’s

The rocks are mostly colourless but 105 yellow and 56 pink diamonds have also been incorporated into the design. The sheer volume of bling means the bag weighs in at 381.92 carats.

Handbags have become a sought-after investment for high net-worth individuals. Last year Christie’s sold a Hermès Birkin bag for £155,000 (US$204,500).

Hong Kong company turns breast milk into jewellery for new mums

The intricate diamond work took artisans more than 8,800 hours to create, according to Christie’s, which is handling the private sale.

Mouawad also holds a number of other world records, including for creating the most expensive bra in the world. The US$11 million Very Sexy Fantasy Bra, which was modelled by Heidi Klum in a Victoria’s Secret Fashion Show in 2003, was covered with 2,800 diamonds, sapphires and amethysts and weighed 2,200 carats.

The one-of-a-kind handbag will be sold through private sales and will be exhibited in the gallery of Christie’s Hong Kong until October 20, followed by a tour to Christie’s Geneva from November 9 to 13 before going to London.

Exhibition details: 10.30am-5.30pm. 22/F, Alexandra House, 18 Chater Road, Central