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Academy Awards, StyleWatch

Mar. 02, 2007 | 06:00 AM EST

The Curious Case of the Missing $100,000 Purse

Photo by: Lucas Jackson / Reuters / Landov
The Curious Case of the Missing $100,000 Purse | Cate Blanchett
Is Cate Blanchett the victim of some fashion foul play? The actress was set to carry a $100,000 Lana Marks purse on the red carpet, but the bag mysteriously went missing from her hotel room the day before the Oscars. While the New York Daily News is speculating that it could be the result of a secret plot, a Lana Marks Company spokesperson had no comment on the circumstances. The customized Cleopatra clutch, made of black alligator, has an 18-karat white-gold frame and is adorned with white diamonds. The entire front flap of the handbag is pavéd with 35 carats of black diamonds. "We are devastated by the loss of this handbag and request that anyone who has information regarding its whereabouts please step forward and contact the Los Angeles Police Department," the rep tells PEOPLE. (We'll let you make your own fashion police joke now.)

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