Here is the outrageous “1001 Nights Diamond Purse” which is valued at $3.8 million. The heart-shaped bag is encrusted with over 4,500 diamonds.

Today I caught a handbag-world mistake from one of our favorite stores, Barneys, in labeling a handbag as Lanvin when it is in fact a Proenza Schouler design.

PurseBlog Awards

Can you believe 2010 is coming to a close? We certainly can not. Either way, with the end of 2010 we decided to start the first annual PurseBlog Readers’ Choice Awards. There are two categories, premier designer and contemporary designer. We picked the top 16 designers for each category that we believe have made the largest impact in the handbag world this year.

If you’ve visited the fashion-loving part of the internet at all in the past week, then you’ve undoubtedly heard of Google’s new fashion venture, As the name would indicate, the site’s intent is to gather fashion from around the web together in one easily shopable place that allows celebrities, designers, fashion people and anyone else who might have some spare time to create their own “boutique” that is tailored to their personal style and preferences.

Recession? What recession?

With Hermes set to report a 30% revenue increase for the third quarter, it’s not difficult to understand why LVMH CEO Bernard Arnault has such a keen interest in the company. According to Women’s Wear Daily, the increase centers on the success of the silk, leather and timepieces categories, which make up the backbone of the Hermes tradition and represent the company’s most sought-after products.

As was widely reported last week, luxury giant LVMH now owns over 17% of competitor Hermes, and although the company has publicly stated that it has no plans to acquire more shares of the French family-owned company in the next six months, luxury watchers remain atwitter over what the future may hold for two of the world’s largest names in handbags after that time period expires.

I love to see designers using their brands for a good cause. Breast cancer affects everyone in one way or another and having designers get involved is a great way to help spread awareness and support to help fight this horrible disease.

Kooba will be giving away a Kooba bag to one person who donates to the Susan G. Komen for the Cure fund.

Of course the above shot caught my eye, as Anne Hathaway embraces a Roger Vivier clutch. The Roger Vivier Clutch with a signature crystal buckle is the epitome of elegant evening wear.

Just after midnight on October 13th, the first Chilean miner, Florencio Avalos, stepped out of the rescue capsule and onto land after 68 days of being trapped 2000 feet underground. For the next 23 hours the world watched the 33 miners be rescued one-by-one, in a seemingly impossible scenario that captivated the world bringing all together in hope, joy, and inspiration.

If you are in or around NYC, join me and some designers from the Juicy Couture team for a Bags & Bubbly event and handbag trunk show.

Follow Closely