http://www.forbes.com/lifestyle/2007/03/26/handbags-extravagant-expensive-forbeslife-cx_hp_0327handbags.html click link for full story and photos. World's Most Extravagant Handbags Hitha Prabhakar, 08.03.07, 12:01 AM ET In Pictures: World's Most Extravagant Handbags It's never too early to start thinking about your holiday wish list. Sure to top it this year? Chanel's "Diamond Forever" tote. In December, the company will debut 13 of these diamond and alligator handbags just in time for the holiday shopping crunch. Each is a stepped-up version of the classic Chanel shoulder bag, with the iconic Chanel "Cs" encrusted in a staggering 334 diamonds (a total of 3.56 carats) set in 18-carat white gold. The alligator skin is farmed and treated with a matte finish. The total cost: $260,150.