There used to be a time when spending $4,000 on an Hermes Birkin bag, that holy grail of handbags, was outrageous. And Birkin bags have certainly always been the most expensive, running all the way into the 100,000s. But Japanese designer GinzaTanaka just released this diamond-studded bag that is valued at a whopping $1.63 million. The platinum handbag is studded with 2,182 diamonds totaling 208 carats and valued at 200 million Japanese yen, or $1.63 million USD.

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