AP
The first lady strayed from affordable brands Gap and J. Crew and instead carried the flashy hand-made Italian clutch during a walk through the woods with Russian president Dmitry Medvedev and his wife, Svetlana.
See the first lady's pricey accessory and take a look at our list of must-reads that will have you chatting at the lunch counter, over IM or wherever it is that people actually talk these days.