With a value of US $3.8 million, the Mouawad 1001 Nights Diamond Purse was named as the most expensive handbag in the world by the Guinness World Records 2010. The heart-shaped purse, handcrafted from 18-karat gold, incorporates 4,517 diamonds (105 yellow, 56 pink, and 4,356 colorless diamonds) with a total weight of 381.92 carat.