Page last updated at 12:12 GMT, Monday, 9 June 2008 13:12 UK

Diamond handbag? That will be 1m

Platinum and diamond handbag
Consumers have been buying ever more expensive designer handbags

For most women, a dependable handbag is de rigeur, but for fans of designer couture, the ultimate accessory has just arrived in the UK.

Valued at 1m, the diamond-encrusted platinum handbag will go on display at jewellery shops around London to mark the inaugural London Jewellery Week.

Created by Japanese designer Ginza Tanaka, the bag has been set with more than 2,000 diamonds.

The organisers of the event say the handbag will be available for sale.

If you are wavering about whether or not the price represents value for money, its promoters point out the versatility of the bag.

Its diamond shoulder strap can be detached and worn as a necklace or a bracelet, while the 8-carat pear-shaped diamond centrepiece surrounded by a cluster of eighty-one smaller diamonds can be taken off and worn as a brooch.

The locations where the handbag will go on display will not be disclosed in advance for security reasons.

London Jewellery Week, sponsored by Coutts, runs from 11-15 June, celebrating the work of established designers, such as Graff and Boodles, as well as new talent.

Oxfam shops celebrating 60 years
31 May 08 |  Oxfordshire
De Beers to move diamond sorting
27 May 08 |  Business

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Americas Africa Europe Middle East South Asia Asia Pacific