Balmain X H&M: the first price has now been revealed – and it’s STEEP

Since the announcement was made four months ago, we've been silly excited about Balmain's arrival at H&M.

With good reason too – not only is the French fashion house one of the hottest labels of the moment (thank you, Kim Kardashian) – it's haute couture status means it is also one of the most eye-wateringly expensive.

Indeed, simple blazers come in at around €1,500 with sandals similarly priced. Meanwhile, a leather embellished mini dress from this season is a cool €8,500.

And though H&M has over the last decade brought us seriously affordable designer goodies at distinctly high-street prices – it seems that this collaboration will be somewhat more pricey.

Debuting one of the pieces last night, Gigi Hadid hit the red-carpet at the swish Harper's Bazaar Fashion Week closing party in New York.

With head designer Olivier Rousteing's signature geometrical pattern being used to full-effect, the long-sleeved dress sports monochrome and subtle gold hues.

It was the price, however, that really caught our eye: a cool €500.

Although the dress is likely to be among the most expensive pieces on sale come November 5 (when the range launches internationally – including in Ireland), last year's Alexander Wang collection was not quite so dear. 

Fans then were invited to snap-up over-the-knee socks for just €15 and tank tops for €30. At the other end of the scale, the range charged around €200 for footwear, with a metallic down jacket – the most costly Wang item on sale – being priced at €350.