There are those worried about the global credit crunch. And there are others whose only worry is how to spend their cold hard cash. For one million pounds - equivalent to two million dollars - this diamond-encrusted handbag could be yours. Jewellery shop owner Nick Fitch explains - even hip-hop impresarios don't have this kind of bling. SOUNDBITE: Nick Fitch, Owner of Jewellery Shop Nicholas James, saying (English): "It's encrusted with 2,000 diamonds, weighing a hundred-and-sixty-seven carats in total. The shoulder piece can be detached and worn as a necklace. So it's multifunctional as well as being obviously unique for being made in platinum and diamonds." The bag is part of London's first-ever jewellery week. And makers of the bag say while there has been some interest in it, no one has bought it just yet. Cindy Martin, Reuters