This one-of-a-kind Hourglass by Marc Newson will be auctioned off at Only Watch 2011 in Monaco tonight.

Technically, there are no difference between this and the traditional hourglass from Basel 2010 , but the red tinted glass is absolutely beautiful.

Needless to say, the Ikepod Hourglass is one of those items that would be such a thrill to be able to display on one’s desk, coffee table etc.

Veteran Naomi Campbell and newcomer Rob Evans are the faces of Givenchy’s Fall/Winter 2011 campaign.

The two models, photographed by Mert & Marcus, pose in black but gilded pieces from the upcoming collection.

The campaign also features Models Natalia Vodianova, Kristen McMenamy, and Mariacarla Boscono.

In September Bell & Ross will be releasing the PW1 and WW1 style as part of their vintage collection.

Their current vintage collection encompasses watches inspired by military history from the 1940s to date.

This collection draws inspiration from the first watches ever used in the military in the First World War and the 1920s, updated to create tow unique styles for men.

Financially troubled Greece has put a ton of state assets up for sale, including some of its famous islands.

One interested buyer is Sheikh Hamad bin Khalifa Al Thani, the ruling Emir of Qatar, who wants to acquire two islands in the Ionian Sea, including Skorpios Island.

The private island formerly belonged to famed Greek shipping billionaire Aristotle Onassis and was the site of his wedding to Jackie Kennedy in 1968.

Philippine casino operator Alliance Global plans to build another 6,500 hotel rooms over the next five years as it ramps up investment in the country’s tourism sector.

The plan includes the launch by year-end of its 2,500-room Resorts World Bayshore project on Manila’s seafront, its chairman Andrew Tan said in a statement.

It also includes a previously launched $345-million project to build a 2,500-hotel room tourism estate called Boracay Newcoast on the central resort island of Boracay.

They’ve become one of the world’s most influential social groups and now a little more light has been shed on the makeup of China’s rising band of rich.

The HSBC corporation and international research company Nielsen have just released their findings into a survey that attempts to dissect the makeup of the richest 10 percent of the population of eight countries in the Asia-Pacific region.

The countries focused on were mainland China, Hong Kong, Taiwan, Singapore, India, Indonesia, Malaysia and Australia.