If diamonds are a girl’s best friend, then there will be few women in the world who won’t swoon over this handbag. Crowned by the Guinness Book of World Records as the world’s most expensive, the “1001 Nights Diamond Purse” is valued at $3.8 million. Wow!!! The heart-shaped bag is encrusted with more than 4,517 diamonds  including 105 yellow, 56 pink and 4,356 colorless sparkles! The diamonds on the bag weigh a whopping total of 381.92 carats. Reports say, The bag was handcrafted from 18-carat gold. It took 10 artisans, working over a period of four months, an incredible 1,100 hours to create the purse. This dazzling purse came out February 20,2011 and nobody has yet bought this purse. Who will be the first???