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We all fantasize about owning an expensive designer handbag, but this “1001 Nights Diamond Purse” from the House of Mouawad is totally out of our reach. The jewel encrusted clutch, which is valued at $3.8 million, was recently named the world’s most expensive by Guinness World Records.

The heart-shaped purse, handcrafted from 18kt gold, incorporates 18kt gold and 4,517 diamonds (105 yellow, 56 pink and 4,356 colorless) with a total weight of 381.92 carats.

These guys know a thing or two about extravagance. They’re responsible for teaming up with Victoria’s Secret to create the $11 million “Very Sexy Fantasy Bra” in 2003.

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