Lucky me, my eminently sensible wife is not in the least bit interested in all that 'designer crap' as shen refers to it (and she herself actually designs stuff for a living), in fact she used to refer to Luis Vuitton bags as 'Luncheon Voucher Bags' - guess you have to be in the UK to fully 'get' the reference there - on account of the repeated logo on them (which I think I'm right in saying has now changed).
Overpriced crap if you want my opinion, especially since all of that 'designer' stuff, including clothes, bags and accessories is generally made under contract in the same factories as every other bag, coat or whatever, (admittedly with occasionally slightly better concessions to quality control), but the notion that there is a special bag factory somewhere that only ever makes Luis Vuitton bags is as preposterous as it is untrue.
I'm with you on diamonds though, you can't go wrong with those. But I'm also with Oscar Wilde when it comes to fashion: 'A thing so hideous, it has to be changed every six months'.
Still, if someone wants it, then I guess they want it no matter what.
Chock