This is the ‘it’ clutch of the moment. It’s been carried by Jessica Alba, Eva Longoria and Katherine Heigl to name a few!

This Jimmy Choo Kase Oval Clutch is made of goldtone metal and features a single over-sized amethyst stone on the center of both sides. The clutch has a clasp at the top to fasten, is fully lined and has a Jimmy Choo logo plaque on the inside (in purple, to match the amethyst).

It’s a gorgeous bag that really looks more like a piece of jewelry than a handbag. The Kase Oval Clutch is fantastic for evening use though and it costs only £750 ($1495) !

Kamson Diamonte (Part of the Amosu Luxury Group) is working with Crystallized Swarovski Elements to create an exclusive line of Swarovski mobile phones. The phones will be featured in selected stores across the UK as well as sold online.

The company has already created Motorola K1, Nokia N95 Swarovski phones and their latest creation is the Nokia 5310 Xpress music embedded with 364 swaroski crystals. Price tag £719.99 ($1,430).

I prefer the Motorola KRZR 1 though !

A treasure hunter has struck gold, after his metal detector guided him to a rare Anglo-Saxon cross in the middle of a muddy farmer’s field.

The stunning pure gold artefact was set with red gemstones and dates from the 7th century. It may have originally held a relic such as bone from a Disciple or fragment of the Cross.

Measuring just over an inch long, the finely decorated 18 carat gold is worth at least £25,000 ($50,000). The red stones are among the world’s most ancient gems and were used by ancient Greeks .

The anonymous finder discovered the 1,400-year-old cross just 12 inches beneath the sod on a farm in Nottinghamshire. He handed the find to a coroner who declared it as treasure trove at an inquest. This means the finder will get half the proceeds of a sale. He is likely to split his earnings with the farmer.

Luxury Motor Yacht Princess Mariana, was built in 2003 in the Danyard Aalborg in Denmark and then refurbished in 2006 for charters. She is a 258 Oeino which has six decks. This modern and stylish yacht is full of modern innovative features, has an impressive six decks, and can accommodate 12 permanent guests on board.

One of the most impressive features on board Princess Mariana is the Beach Club. This is a dry dock for the custom built tender which can be “flooded” when the tender is outside and forms a 12 metre swimming pool with underwater lighting and steps.

There is also a helipad on board – and when the helicopter has left, it becomes a golf driving range with a massive screen showing a host of well-known courses. There is also a cinema on the main deck with seating for 13 guests !

It will cost you $606,500 a week ($1 per second !!) to rent this megayacht that CNNMoney has called the most desirable charter !

“Devoted equestrians can now trot and canter in the comfort of their own home thanks to the world’s most advanced rocking horse.

The $80,000 virtual reality riding machine called Ridemaster Pro combines a mechanical horse with a host of electronic sensors and a screen to recreate the joys of an outdoor ride without the need for mucking out..”

Its makers, Racewood Simulators, say the Ridemaster Pro enables horse lovers to use normal riding techniques to trot, canter and prompt any number of advanced manoeuvres for those who don’t have space for a horse.

It is pretty cost effective though as you don’t have any maintainance costs like food, vets, cleaning and you don’t need the space or a dressage arena .

“With one of our simulators you can ride at any time of day in a centrally heated or air-conditioned environment” said company managing director Bill Greenwood. “We also sell to Scandinavian countries where the weather is miserable and raining and to Dubai where it’s 40 degrees centigrade and too hot to ride.”

The Ridemaster Pro comes with a screen upfront which displays a number of courses and to replicate a real horse closely, users will sit on a synthetic horse model that gives real time feedback. A calorie counter can be added.

For $80,000, you will look ultra stupid just riding away to nowhere but I admit If you want to teach large groups of completely unskilled riders the basics, this would be more cost effective than a comparable number of well-trained horses.

In cooperation with Coty, Karl Lagerfeld will release, this November, a trio of unisex fragrances named Kapsule after their capsule like packaging.

“I love the world of perfumes,” Lagerfeld said. “For me, the world of fashion doesn’t exist without it.”… The designer’s favorite smells are: fresh bread, vanilla, woods and spices. “I don’t like heavy, flowery things. I think there are never enough fragrances, they are so much fun to play with.”

Karl said the scents are genderless because “there is no gender in perfumes anymore.” Their bottles were created in geometric shape of square, in three colours of glass, as the creator’s great love: light blue (Kapsule Light), red (Kapsule Fioriental) and dark blue (Kapsule Woody). The bottles were designed by Luz Herrmann, with engraved Lagerfeld’s signature on the bottom of each bottle.

“The difficult challenge we had was to create something neither too feminine nor too masculine”

The three fragrances are named Kapsule Light, Kapsule Woody and Kapsule Floriental and Karl Lagerfeld personally worked on each one with a different parfumeur :

• Kapsule Light was developed by perfumer Mark Buxton, and has notes of bitter orange, jasmine, nutmeg, clove and musk.
• Kapsule Floriental was developed by perfumer Emilie Coppermann; the notes are ivy leaf, violet and black tea.
• Kapsule Woody was developed by perfumer Olivier Cresp and features cedar, moss and plum.

Karl Lagerfeld Kapsule come in 30ml edt (1.0oz) and 75ml edt (2.5oz) Eau de Toilette - The fragrances will debut in October in France at Colette and Marionnaud and will be exclusive to Neiman Marcus in the US through early 2009