The most expensive cigar in the world is the Gurkha Black Dragon, which was created by Gurkha Cigars and released in 2006. The cigars are made of extremely rare tobacco that has been aged for over 10 years, and they are hand-rolled by expert artisans. Each cigar is individually packaged in a handcrafted humidor made of camel bone and sold for a price of $1,150 per cigar. However, it's worth noting that there are other limited edition and rare cigars that can also command high prices in the market.