Cellphone maker Nokia is in advanced talks to sell its UK subsidiary Vertu to private equity group Permira.

Vertu’s cellphones can feature crystal displays and sapphire keys, costing more than 200,000 pounds ($320,000) due to the precious metal components.

In bright colours of mint green, raspberry, and tangerine, Vertu’s new Constellation Candy emerges right on time for spring/summer.

Vertu has unveiled the Constellation Quest Ferrari, a luxury smartphone inspired by the Ferrari 458 Italia sports car.

The most striking feature of the product is the iconic Cavallino Rampante, intrinsically crafted from polished stainless steel and embedded in the titanium battery cover. The Ferrari logo is embossed in the leather on the front of the handset.

The luxury handset is meticulously crafted from the most luxurious of materials such as polished sapphire crystal, Ferrari calf leather and polished black ceramic.

Nokia’s luxury brand Vertu is celebrating the Chinese new year with a luxury dragon-themed mobile phone based on its Signature collection.

Each quad-band dragon phone comes in stainless steel with emeralds, black steel with Rubies, or gold with diamonds.

The handsets cost about $20,800 ; buyers get a leather case, a charging base, and one year of Vertu Concierge service free.

Nokia’s luxury phones brand Vertu is about to release its first phone to feature a touchscreen, the Constellation T.

Vertu Constellation T is made with exquisite materials, including sapphire, diamond and other precious metals and jewelry.

However, the main attraction for those who are familiar with the company’s products is the 3.5-inch qHD AMOLED capacitive touchscreen display.

Year 2011 sees Italian fashion house Ermenegildo Zegna celebrating its 20th Anniversary in China.

To commemorate this occasion Ermenegildo Zegna made a special limited edition collection of just twenty pieces to mark this important milestone.

The collection include watches, cufflinks, mobile phones and fabrics made in collaboration with Girard-Perregaux, Tateossian and Vertu.