Vertu have launched in Hong Kong a new collection of Ascent Ti phones inspired by Ferrari’s cars. The Ferrari Ascent Ti collection consists of three phones directly inspired by Ferrari and named after their respective colors; a limited edition phone called the Nero and two special edition phones named Rosso and Giallo.

The Nero phone is an all black Ascent Ti made of titanium coated with scratch proof PVD with a red sapphire crystal pillow. The Rosso and Giallo phones are red and yellow receptively and feature PVD coated battery covers and keys, they feature ceramic pillows. The battery cover of all three phones has been redesigned to resemble the hood of a Ferrari and features a three dimensional Cavallino on the battery cover as well as a smaller one on the front.

The phones feature Ferrari inspired themes as well as ring tones featuring Ferrari engine sounds, only 2,009 examples of the Vertu Ferrari Ascent Ti Nero will be made. They sell HKD 70,000 HKD each ($6000)

These shoes were part of Chanel's 2009 Cruise Collection, and were actually designed by Laurence Decade, who was apparently handed an image of a gun by Lagerfeld, with the instruction to turn it into footwear

And he did. The scary bit is that these aren't just pieces of catwalk art - they are actually available to buy with the rest of the collection, priced at €2,000 ($2,800).

Latest to be seen in the pair is Madonna. We can just imagine how much trouble this confusion is going to cause at airport security ^_^

Directly inspired by Dior Couture Accessories Collection, Night Diamond is Dior’s must have make-up accessory for Christmas. This ultra glamorous metallic black lacquered case with crystal colour gems and rhinestones reveals inside an illuminating sparkling-effect powder for face and décolleté.

Dior Night Diamond Compact is priced at 90$ and is available in 2 shades, a pearly beige and a pale pink (Only available until 31 December).

$2,250,300 was the estimated starting bid for the fastest topless beauty from Bugatti, the Grand Sport 16.4 and boy! Didn’t the bid exceed the limit heftily? $3.19 million is what it eventually fetched for the Pebble Beach charity at an auction sponsored by Gooding & Company. This was the first of the 150 exclusive models to be made by the people over at Bugatti. The ones to follow will cost the buyer lesser (in comparison with the first one sold) at $1.4 million each, and that understandably would be a more feasible one to buy, if only you aren’t the type that prefers bragging about exclusivity. Also, this for me becomes the most expensive topless car ever to be sold, though an official confirmation is still awaited.

So, the diamond-studded Bentley key fob by Amosu Luxury impressed you like anything, but you need one for your Lamborghini. Don’t fret, as Amosu Luxury has now turned their attention to the Lamborghini key fob too. They have festooned it with 183 little diamonds for a total of 2.02 carats, focused on detailing the familiar Lamborghini logo. Icing out your Lamborghini car keys with sparkling diamonds will make you poorer by £7,000 (nearly US $10,500). If you always fear losing your car keys, then this thing is certainly not your cup of tea

Gone are the days when a picture frame was just meant to display your cherished memories. We have seen different types of digiframes in the past, including the digiframe with built-in photo printer and the singing digiframe. This time, we have one shiny digiframe that doubles as a mirror. The Wi-Fi enabled Specchio digital photo frame by Parrot designed by Parisian Martin Szekely is more than just eye candy. You can even email photos to the frame directly from your PC or mobile phone. You also have the option to showcase your photos from online photo sharing sites like Flickr. Unfortunately, you might not be able to pick one as it’s out of stock. Anyway, you can have the one by Andrée Putman for a cool $450. This artistic digiframe is sure to give your photos a touch of sophistication.

We haven’t yet come out of the ecstasy of the Victoria’s Secret’s £3 million bra worn by supermodel Adriana Lima and now, it’s time to take a peep into the Victoria’s Secret 2008 Fashion Show. The annual Victoria’s Secret’s show represents the ultimate in feminine fantasy. The lately renovated Fontainebleau Hotel in Miami Beach was the venue where famed celebrities and gorgeous supermodels gathered for the sparkling show. Heidi Klum, the show-stopper of the show, was accompanied by 34 other models, including Adriana Lima, Alessandra Ambrosio and Karolina Kurkova. The 35 supermodels presented an outrageous collection of underwear from lingerie house Victoria’s Secret. R&B singer Usher, who started the show, was welcomed by Lima in a $5 million diamond-studded Fantasy Bra. Designed by Martin Katz, this bra is decorated with white and black diamonds and rubies. Adriana Lima, on wearing the bra, said…

I always wanted to wear the Fantasy Bra. It’s the first time that Victoria’s Secret makes a black diamond bra. A woman could definitely buy it if they love it and men, too.

And how can we forget the Victoria’s Secret’s trademark wings? Selita Ebanks was the first to grace the X-shaped stage with the pair of wings. Seven pairs of wings were designed by Martin Izquierdo for the Victoria’s Secret fantasy extravaganza themed “Return to Glamour.”

In total, 68 outfits were worn by the models. Celebrities, including Paris Hilton, P Diddy, Russell Simmons, Michelle Trachtenberg, Martha Stewart and Kim Kardashian were among the audience. Video and images after the jump.

Forget the Bling H2O bottle and the $100 water bottle from the super-glam bottled water brand Fillico Beverly Hills. This time, some anonymous firm has launched the world’s most expensive bottle of water for a cool £1,000 (nearly US $1,570). These expensive water bottles contain natural spring water filtered through the geologically famed Wenlock edge in the Shropshire countryside. Only six bottles of the LOve H2O water have been put into production and are adorned with over 6,500 Swarovski crystals. Each Bling bottle takes over one week to produce. Selfridges is already selling the LOve H2O bottled water for £24.99, but this limited edition of six Bling water bottles has been launched particularly for the festive season. Andy Price, a spokesperson for Selfridges in Birmingham, said…

Each individual crystal is precisely positioned by hand into its own perfect space and each contains the finest spring water sourced from Shropshire. The original LOve H20 is a really good seller for us but the limited edition one is a showpiece for Christmas.

At £1,000, the limited edition LOve H2O bottled water is definitely meant for those who are screaming to be noticed.

For those who own a Bentley, nothing can say “I drive a Bentley” better than this diamond-studded Bentley continental car key from Alexander Amosu. The key is handset with 101 diamonds on the Bentley famous wings with a total of 1.09 carats using color F, VS1 clarity. The diamond-studded key is priced at £5,000 (approximately $7,895). The key is a perfect gift for a Bentley owner this Christmas. And if your auto line-up includes a Lamborghini, Mercedes and Ferrari then Amosu has already created their luxury keys.

We have earlier introduced you to some of the very exclusive cards, including the American Express Black Card, GK Power’s high-concept cards, the $5M Holiday Dream Card, the very exclusive Sotheby’s MasterCard, and the Diamond-studded Royale MasterCard for Dubai’s elites. Now, MasterCard and Kazkommertsbank, the second largest bank in Kazakhstan, together are bringing a MasterCard credit card festooned with gold and diamonds. Called ‘Diamond,’ this diamond card features a 0.02-carat gem in its centre and a picture of a peacock for female cardholders and a winged horse for men. The card will be issued within two weeks and the annual fee would be $1,000. Bank’s head of international payment systems, Alla Voyakina cited…

For the uber-rich kid who has everything money can afford, the titanium bike is worth the temptation. The uber-ride is designed by a Netherland designer Jan, who is a leading supplier of learning or training bikes. The use of titanium gives the bike a luxurious edge besides making it indestructible to withstand third degree torture from your little devil. The frame is made entirely of pure titanium which makes it only half as dense as steel and as corrosion-resistant as platinum. So, you don’t have to scold your little one for not being responsible enough unless, it’s for security reasons. The luxury make includes carbon seat, white leather saddle and white rims with tires for $2,500.