A luxury champagne maker has created what it’s calling the most expensive bottle in the world after encrusting the logo with a 19-carat diamond worth £1.2 million.

Champagne Louis Roederer has teamed up with designer Philippe di Meo to create a limited edition Jeroboam design for its prestige cuvee Cristal 2002.

Limited to 400 units, each Jeroboam comprises a distinctive clear glass bottle encased in a lattice of 24-carat gold and took four days to create by two master goldsmiths.

Each bottle will be priced at $26,000, and the first chance to purchase one will be at the forthcoming Monaco Grand Prix.

In celebration of the first days of Spring, Perrier-Jouët has revealed “The Enchanting Tree”, a champagne service created by Dutch artist and designer Tord Boontje.

Sales of champagne fell by 4.4 percent in volume terms last year, but increased exports helped compensate for sagging European consumption and kept revenue flat at 4.37 billion euros ($5.86 billion), a trade association said Tuesday.

Perrier-Jouët has unveiled the Perrier-Jouët Collection by Claire Coles, a series of limited editions and essential accessories created by the London textile designer.

Plans to serve California “Champagne”, rather than French Champagne, at President Obama’s inauguration banquet are putting a crimp in Franco-American relations.