It seems like everyone is celebrating the Year of the the Dragon with an abundance of enthusiasm. Last week we brought to you the news about Piaget’s Altiplano Tourbillon Dragon Pocketwatch and today we have Italian fashion house Versace following suit. Versace revealed their dazzling Year of the Dragon Jewel handbags recently. The black handbags are enhanced with golden dragons studded with precious stone and gold accents all over. The Versace Year of the Dragon Jewel Handbags are obviously targeted for the Asian market only and they are distinctly engraved with the “Year of the Dragon 2012” tags. Each bag is priced at 31,8000 yuan (US$5,017) and is available in limited edition of only 210 handbags.