Nice leather isn’t cheap, but…ever wonder why some handbags cost soooo much?

Mulberry’s spring addition to its enviable handbag collection, the Jeweled Lily, rings in at $5,250. That’s not chump change, but given the reasonable prices of the brand’s other bags (many of the most popular styles are priced under $1,000), there’s got to be some explanation behind the hefty price tag.

And indeed, there is. Some interesting stats on the Jeweled Lily:

• 2596 crystals

• 60 manually applied Mulberry rivets
• hand-cut leather
• 18 hours of labor

So, if you choose to splurge, rest well knowing that there’s meaning behind that dollar sign. Want more proof? Check out our gallery, which documents the process step by step.