Everything that a celebrity or a socialite wears and carries with her on the red carpet is scrutinized minutely. Then can the handbag be left out of scrutiny? A handbag shows off a lot of the individual’s sense of style and grace and is therefore given a lot of attention. Designers have periodically come out with ultra special handbags for their clients.

The Hermes Birkin platinum handbag by Ginza Tanaka encrusted with over 2,000 diamonds and a strap which can be taken off and used as a necklace or a bracelet is the most expensive bag to be created. The 8 carat pear shaped diamond on the bag can be used as a separate jewelry piece which ups the price quotient of this bag.

The Chanel ‘Diamonds Forever’ handbag encrusted with 334 diamonds set into the white gold handbag is almost as exclusive as the Hermes bag. There have been only 13 of these handbags made to date.

The metallic silver alligator bag with 1500 diamonds set in 18 carat white gold looks as special as it is intended to be with only one being made each year for a special celebrity.

The Urban Satchel Louis Vuitton Bag is unique in its price and exclusivity since it is created as a spoof using a water bottle, tea bags, band aid and cigarette containers but is not made at present.

The Hermes Matte Crocodile Birkin bag has a 30 centimeter long clasp which is covered with a total of 10 carats of white diamonds. This chic bag comes in at No.5 on the pricey bag list.

The Leiber Precious Rose Bag is special because of its design and 1,016diamonds, 1,169 pink sapphires and 800 tourmalines that cover the whole bag giving it a glamorous effect.

The exclusive LV Tribute Patchwork Bag which includes models of LV bags from the spring/cruise collection, the Gadino Bag by Hilde Palladino with white diamonds covering the white gold clasps, the Marc Jacobs Carolyn Crocodile Handbag in purple crocodile leather and the Fendi Selleria bag in Chinchilla and Sable skin in striking metallic silver, all follow closely among the world’s most expensive bags.