Luxury designer Louis Vuitton has released one of its most anticipated items in the 2011 handbag collection. The Monogram Nova is a piece of miniature luxury; however, at $35,500 you won't be seeing this spectacular handbag on every girl's shoulders this year.

What makes the Monogram Nova so unique and expensive is how it was made: The handbag's monogram LV logo pattern was hand applied and then adorned with black and silver Swarovski crystals.