Chanel created a different version of their J12 Diver Watch in celebration of Only Watch 2011.

The case, in sand-blasted black ceramic and 18kt rose gold, measures 38mm. It has a sapphire crystal and is water resistant to 300 meters.

Movement is a Swiss automatic (base ETA) with a power reserve of 42 hours.

Six months after he finally took delivery of the Eclipse, the world’s largest yacht, Roman Abramovich is offering it up for charter at a rate of $2 million per week.

The 538-ft. Blohm + Voss behemoth is available via ultra-exclusive brokerage SuperYachtsMonaco, and is the world’s most expensive yacht charter by far.

The yacht, which has space for 30 guests and 75 crew, reportedly features a military-grade missile defense system, armor plating, bulletproof windows, three helipads, two swimming pools and a wellness center, among other luxe amenities.

Luxury hotel chain Ritz-Carlton is to open its second “reserve” property in Puerto Rico, the company announced July 18.

The 114-room resort will be situated on Dorado Beach, a name many Caribbean-lovers will be familiar with as the site of Laurance S Rockefeller’s original eco-resort, launched in 1958 as the first of its type in the region.

As of December 2012, the resort will also be home to the second Ritz-Carlton Reserve, surrounded by Rockefeller’s original “great park” and spread across 50 acres with a mile (1.6 km) of beachfront.

Gucci created a limited edition bag collection for Summer 2011, which will be exclusively sold in the flagship stores in Capri, Cannes, Marbella and Monte Carlo.

A different color for each boutique: sea green for Capri, lavender for Cannes, orange for Marbella and bright red for Monte Carlo.

The collection consists of three elegant proposals: the Tote Bag, a casual-chic shopping bag in caracas raw linen fabric and leather trims; a practical zipped wallet and a beige pashmina shawlwith the color of the boutique where it is sold.

In the style of a crystal menagerie, thought like an astonishing bestiary, Jaime Hayon signs in 2011 the Baccarat Zoo.

Halfway between a glamorous sweet box and a decorative object, the Spanish designer gives birth to a wildlife triptych, both playful and democratic.

The collection consists of a duck, monkey and a bear in the form of containers.

Hennessy announced yesterday their exclusive Hennessy V.S bottle collaborative project with world-renowned artist, KAWS, which will hit shelves in September 2011.

Each Kaws Hennessy V.S bottle features signature Kaws artwork and is individually numbered, making this collectors item that much more special

The Hennessy KAWS V.S bottle will be sold in 750ml sizes and will retail for $29.99.