Fashion designer Vera Wang has bought a contemporary home in Beverly Hills, for about $10 million; the home was listed in March for $10.9 million.

The midcentury-modern home was completely renovated and has four bedrooms, a home theater and walls of glass. There’s also a pool and spa.

Two dresses worn by the late princess Diana were sold at an auction house in Beverly Hills Sunday for a total of $276,000, Julien’s auction house announced.

The first dress — a black crepe evening gown with diamante paste embroidery on the short-sleeved top inspired by Indian motifs — went for $144,000.

It was purchased for Diana’s 1992 visit to India, when she accompanied her then-husband, Prince Charles on the trip.

Luxury watch maker Hublot has opened its first boutique in the Western United States in Beverly Hills, California.

Internationally recognized as a luxury capital, Beverly Hills is home to the world’s most exclusive stores, with Rodeo Drive at its epicenter.

The Hublot Boutique Beverly Hills is located in the heart of the city’s most prestigious shopping district, on Brighton Way at Rodeo Drive.

With New Year’s just around the corner, The Beverly Hills Cigar Club has compiled its Top 5 Champagne and Cigar Pairings: ideal combinations for ringing in 2011.

BHCC’s pairings were formed by compiling a list of the highest rated champagnes, then selecting a top rated cigar that would complement the beverage.

Selections for both ranged through multiple price categories, ensuring, fairly surprisingly, this pleasurable combination is available for every budget.

Rolls-Royce has teamed up with Beverly Hills-based designer Bijan Pakzad to custom-design 30 Limited-Edition models costing more than $1 million each.

Bijan will work closely with the luxury automaker to turn out a handful of special edition Phantoms, complete with the designer’s own personal touches.

The announcement was made last week at a special event at Bijan’s Rodeo Drive Boutique complete with the designer’s own yellow Rolls-Royce Drophead Coupe.

Leading luxury mobile phone manufacturer Vertu opened their latest U.S. boutique on Beverly Hills’ famous Rodeo Drive last week.

The Rodeo Drive location was strategically chosen for its reputation as one of the world’s most exclusive shopping destinations.

The LA Times reported that at the grand opening there were more than a few enthusiasts in attendance including music producer Quincy Jones and singer Seal.