Hublot has joined the stream of limited edition models by issuing its new F1 King Power Interlagos watch.

This marks the second new Hublot F1 watch unveiled this month and the eighth model overall for the Hublot F1 collection.

It is dedicated to the Formula 1 Grande Premio Petrobras do Brasil 2011 competition, the last Grand Prix of this season’s Formula One World Championship.

Ultra-luxury brand Rolls-Royce has announced that it is to enter South America for the first time in its history.

Its first dealerships were likely to open earlier next year, during a visit to the continent by Rolls-Royce boss Torsten Müller-Ötvös.

Rolls-Royce models will be sold by dealerships operated by the Via Italia group in Brazil and Williamson Balfour Motors in Chile.

Müller-Ötvös said “Brazil and Chile have seen impressive economic growth, with an increasing demand from discerning customers for pinnacle luxury products.”

Brazil, which will be the home of the 2014 World Cup and the 2016 Olympic Games, has launched a new star-based system to cover all of its accommodation offerings.

Only officially-approved properties will be able to use the SBClass system, and that each will be evaluated based on the services it offers.

According to the system’s website, a five-star property must include 24-hour reception areas, in-room breakfasts, branded bathrobes and slippers, cable television, sauna or steam room and eco-friendly initiatives.

Hollywood actor Ashton Kutcher stars alongside top model Alessandra Ambrosio in Colcci’s fall/winter campaign, released via the Brazilian label’s Facebook page.

Photographed by Steven Klein, the ads are deemed a big improvement from last season’s ads that featured a very oily Gisele Bundchen, but some fans are commenting that the new release looks too much like a Calvin Klein campaign.

Colcci is one of the biggest fashion brands in Brazil, with its fashion shows constituting one of the highlights of each Sao Paulo fashion week.

Executive jets, the lofty domain of the world’s corporate elite, are being snapped up in Latin America’s booming market.

Nowhere is this more apparent than in Brazil, the regional powerhouse that boasts both a wealthy clientele for the winged status symbols, and a homegrown manufacturer, Embraer.

Absolut 100 is unveiling luxurious and exclusive limited edition gift bottles released just in time for Father’s Day in Brazil (Aug. 8, 2010).

The vodka brand, has teamed up with three renowned artists to develop a new limited edition line of black bottles to be sold exclusively in São Paulo.

Famed jewelry designer Pedro Brando has created two designs – one with a silver skull pendant on the neck of the bottle and another one with a silver ring ($650).