Mouawad is a privately held Swiss and Emirati luxury goods company

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Mouawad is often a privately held Swiss and Emirati luxury products company. Its 1001 Evenings Diamond Purse, which is made up of 18 karat gold and encrusted with much more than 4,500 diamonds, is one of the most expensive and ideal designer handbags that the manufacturer can make, costing a whopping $3.8 million. In 2010, the 1001 Nights Diamond Purse earned a spot in Guinness Environment Documents for getting the most precious handbag on this planet

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