chanel diamond forever classic bag
Image via Forbes

Big news in the handbag world. Chanel has announced the newest limited edition and highly coveted handbag. With only 13 available worldwide, this handbag sits upon the accessory throne as one of the most expensive luxury handbags in the world. The Chanel Diamond Forever Classic Bag will debut in December adorned with 3.56 carats made up of 334 diamonds, 18 carat white gold hardware, and white alligator skin. Five of these ostentatious handbags will be available in the states. The price tag on this number is a staggering $261,000. Yes the price is sky high, but these bags are masterpieces, works of art. With only 13 being made, owning one would be similar to an art collector owning a Picasso.

Let’s discuss: Is this bag worth the price? If you owned it would you carry it or think of it as a piece of art? Who do you think will be one of the lucky 13?

Following up with her first article on the World’s Most Extravagant Handbags, Hitha Prabhakar at Forbes interviewed me again for this article. Article and exclusive pictures below!

It’s never too early to start thinking about your holiday wish list.

Sure to top it this year? Chanel’s “Diamond Forever” tote (pictured left). In December, the company will debut 13 of these diamond and alligator handbags just in time for the holiday shopping crunch. Each is a stepped-up version of the classic Chanel shoulder bag, with the iconic Chanel “Cs” encrusted in a staggering 334 diamonds (a total of 3.56 carats) set in 18-carat white gold. The alligator skin is farmed and treated with a matte finish.

The total cost: $260,150.

While few may actually end up owning this bag, the demand for other high-end handbags has skyrocketed. Online retailer eluxury.com saw sales of luxury handbags (those over $500) increase 11% last year.

“People want to spend their money on frivolous things,” says Pamela Danziger, author of Why People Buy Things They Don’t Need and founder of luxury goods research company Unity Marketing. “[And] handbags definitely fall into that category.”

Scarcity is also driving desire for these totes. Something that is hard to obtain or impossible to find will be more valuable, says Meaghan Mahoney, editor of the daily news and handbag review online site purseblog.com.


“A handbag [such as] the Chanel Diamond Forever bag is more of a collector’s item than something you use on a daily basis,” she says. “Like an exquisite car or a rare painting, it’s the limited availability and high demand that make this handbag more valuable.”

Read the rest at Forbes

chanel diamond forever classic bag clasp

A bigger sized picture of this gem attached to the Purse Forum thread linked below!

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Margarita
Margarita
14 years ago

😯 😯 😯
OMG.
That HAS to be the most BEAUTIFUL bag I have EVER seen in my LIFE! I would DEFINITELY carry it, but only to glamorous events… 😆 Otherwise, it goes on a glimmering pedestal in it’s own room, LOL. :mrgreen:

STUNNING. But that price tag… 🙄

In this case, if you’re one of the 13, you’re SO LUCKY.

BECKAH
BECKAH
14 years ago
Reply to  Margarita

I SOOO AGREE
I THINK IM IN LURRRVE…WITH DA BAG LOL

FashionAddicted
FashionAddicted
14 years ago

beautiiiiiiful…
I’d say one of the more glamorous and elegant bags of Chanel.
And of course I would wear it out, only to extravagant events.. other than that I would buy a glass case at home and leave it in there for show case.
and for the lucky 13….
its gotta be some famous celebrities on there for sure.
and of course those billionaire men’s wives…lol

Jane
Jane
14 years ago

My jaw dropped when I saw the handbag! Beautifullll! $261K? If $261K is like $261.00 to me then yes I would buy it.

kemilia
kemilia
14 years ago

Hopefully we won’t see it in Brit’s hand with a can of Red Bull and a pack of cigs.

A gorgeous bag for sure (I would go to see it in a store, like going to a museum), such beautiful detail. Sigh.

Eunice
Eunice
14 years ago

Wow, SUCH a beautiful bag…
But even if I could afford it, I would never buy it. I’d be too scared to carry it around anywhere…

william
william
14 years ago

🙄

The double C closure looks so tacky encrusted with diamonds, real or not and the chain would look so much better without being covered by croc.

It’s only worth the value of the materials that is was made with, and whatever labor went into it, but no more, it just isn’t that pretty.

Aidan
Aidan
14 years ago
Reply to  william

Totally agreeing with this post. The design isn’t anything special and it’s a complete waste of good leather and diamonds.

er
er
11 years ago
Reply to  Aidan

You are crazy!!!!! The bag is wonderfoul!!!!!

missruby
missruby
14 years ago

GORGEOUS!!! I would for SURE show this baby off if I could afford it…and watch heads turn :mrgreen:

jen
jen
14 years ago

I actually think it’s a bit… tacky/ostentatious.

Lynette Ng
Lynette Ng
14 years ago

Oh I’d love to own this bag. Meanwhile I’m still torn between a Chanel Timeless Clutch or the new YSL Tribute Bag. I need help.

prettyprincess
prettyprincess
14 years ago
Reply to  Lynette Ng

Get the timeless clutch I just got mine in black and one in white, they are so classic and gorgeous but the ysl is soooooooo nice too!!

Emily1215
Emily1215
14 years ago

I’d love to own it but it’s not worth the price. Maybe $80,000 to $100,000 but not that much. Ridic.

Gege
Gege
14 years ago
Reply to  Emily1215

I agree with you 100%, but I wish they did’nt cover the straps with croc leather.

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