Gwyneth Paltrow designing hip-hop inspired clutches

Actress Gwyneth Paltrow is releasing a line of handbags inspired by hip-hop artists like her close friend Jay Z.

The Iron Man star is teaming up with designer Edie Parker for the collection, which features clutches emblazoned with the monikers of rappers including Tupac Shakur, Notorious B.I.G., Jay Z and Eminem.

The "Hov" clutch comes in black with Jay Z's nickname spelled out in diamond-effect lettering and retails for $1,695, while the "Biggie" and "Pac" clutches feature a blue wave design with white and red lettering.

Eminem's "Shady" clutch comes in black and gold.

The bags will be sold on Paltrow's lifestyle blog Goop.com.