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Having a crisis about whether to fork out £1200 for that YSL or Marc Jacobs? Just imagine what kind of heart palpitations you'd have if you could afford a £1 million handbag - and were actually considering splurging on one!

To celebrate the launch of London's first ever Jewellery Week, a £1m diamond-encrusted handbag will be going on display at various jewellery stores around London, and afterwards will be available for sale.

The bag, designed by Ginza Tanaka from Japan, is a one-off design and has over 2,000 diamonds. The shoulder strap can be removed and worn as a necklace or bracelet, and similarly, the 8-carat pear-shaped diamond surrounded by 81 smaller cluster diamonds on the side of the bag can be detached and worn as a brooch.

- Coutts London Jewellery Week runs from 11-15 June.

[source]