Here’s a look at the Richard Mille RM057. This Exclusive Timepiece is a tribute to The Chinese Year of the Dragon and to Action Actor Jackie Chan.

The RM057, successor to the $1.7 million RM056 commemorates the Year of the Dragon that lasts between January 23 2012 and February 9, 2013.

It has a movement baseplate of pure, deep Black Onyx and a dazzling golden dragon engraving and colored scales that grips the tourbillon bridge in one of his claws.

It’s meant to bring riches and power befitting an emperor, but if Western luxury brands have their way the Year of the Dragon will cost their wealthy Chinese customers a fortune instead.

Monday is the start of the Year of the Dragon, the most favourable and revered sign in the 12-year Chinese zodiac.

The dragon is a traditional Chinese symbol of royalty, fortune and power, and the Year of the Dragon usually sees a spike in marriages and births.

Piaget launches is releasing a huge line of high-end year of the Dragon themed timepieces for the Chinese market.

The Dragon is one of the most ancient and sacred Chinese totems, symbolising at once the identity of the nation and the highest achievements of Chinese civilisation.

One of the timepiece is this Altiplano Tourbillon Dragon Pocket watch. The pocket watch will have a square case and tourbillon movement.

Gift-giving has long been an integral part of life in mainland China and now a new survey has lifted the lid on just what it is the country’s rich have been handing out.

The “Top 10 Gifts for the Chinese Luxury Consumer 2012″ was compiled by Hurun Report and looked at what China’s wealthy liked to give to their friends.

The timing of the report is perfect, too, as the Chinese New Year period is traditionally the time when gifts are given to friends, family and business associates.

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.

In celebration of the Year of the Dragon, Coach has collaborated with Chinese artist Zhang Lan to put his stamp on a collection of exclusive items.

Mr. Lan’s dragon illustration, in the traditional style of ink painting, adorns Coach’s iconic tote shape, as well as an assortment of matching small leather goods.

The gold design pops against a backdrop of the brand’s Signature pattern in mahogany.