Created in 1994 by Gianfranco Ferré, and originally named “Chouchou,” the iconic Lady Dior bag is possibly the most famous handbag model the fashion house has ever designed. Each bag is made of 130 pieces of the finest lambskin leather that are sanded, dyed, hand-stitched, and then hand cut by artisans around wooden molds, taking several skilled craftsmen up to eight hours to construct. It was a favorite of Diana, Princess of Wales—as pictured below—and was renamed in her honor in 1996. While it has remained structurally the same over the years, each season it is made in a wide variety of elegant colors, fabrics, and leather finishes.