We all love a good clutch or tote and who doesn't love diamonds?

However, how much exactly are you willing to pay to have both?

A handbag is supposed to be functional but we all know how much value we place in the item we carry around with us a lot of the day.

It's a handy way to keep all the things we need for our day-to-day activities and it also makes a pretty great fashion accessory. Even men are being swayed to its appeal. We're seeing how lots of men are ready to wear the handbags seen on runways with absolute pride.

For the rich and famous though, handbags mean something totally different - a way to floss wealth.

READ MORE: Rich kids flaunting their wealth, while falling out of cars is the latest bizarre viral social trend

For those us who don't make mad money, here's a countdown of the five priciest of them all.

5

In fifth place, is this Lana Marks Cleopatra clutch bag, worth a staggering $400 000 (est. R 5 575 753.27). Did you know Lana Marks set to become the next U.S. ambassador to South Africa?

READ MORE: The next U.S. ambassador to SA is from East London and speaks Xhosa and Afrikaans

Hermes Chaine d'Ancre hand bag. Credit Hermes Bags

4

At number four, we have the Hermès Chaine d'Ancre bag which is a whopping $1.4 million (R19 million). Just wow.

fashion
Hermes Chaine d'Ancre hand bag

3 

With a bronze medal, is another Hermès, the Birkin bag. This one costs $1.9 million (almost R26 million) and comes with extra extravagance. Some of the parts on the bag can be used as their own accessory.

The clasp can be used as a brooch while the strap can be used as a necklace. We would think that at that price it would have to be multi-functional.

trends
Hermes Birkin Ginza handbag

2

At number 2 Hermès strikes again! This time with this $2 million (R27 million) Kelly Rose Gold investment piece.

fashion
Hermes Rose Gold Kelly handbag

1

Our golden child *insert drumroll here* is the Mouawad 1001 Nights Diamond purse. This $3.4 million (R 46 million) purse is made of 4 517 diamonds (105 yellow diamonds, 56 pink diamonds and the rest colourless diamonds) and took 8 800 hours to craft.

It has held the Guinness Book of Records for the most expensive handbag in the world title since 2011.

Mouawad diamond purse

Here are some more affordable alternatives...

This JJ house sparkling rhinestone clutch purse can have you feeling and looking expensive for R371.

Rhinestone clutch bag

This small white classic bag is available at Zando for a sweet R259.

White bag

Another JJ's house beauty is available for R593.

Sparkling clutch satchel

This futuristic see-through box bag is available at Mango for R1 999.

Clear box bag

And our last pick is this sequin black drawstring bag available at Suberbalist for R299.

Sequin black bag

READ MORE: These are the most expensive shoes in the world at R240 million

Sign up to W24’s newsletters so you don't miss out on any of our hot stories and giveaways.