Luxury Swiss watch and jewellery maker Chopard has just taken a substantial order from Libyan leader Colonel Muammar Gaddafi.

The order was for 250 limited edition watches valued at around 8 million Swiss Francs ($7.5 million).

They should each have the likeness of Colonel Gaddafi on them in some form and were ordered to celebrate his 40th anniversary of being in office.

Chopard’s latest fragrance is named Cascade and takes its named from Chopard’s Haute Joaillerie collections of cascading diamonds.

Cascade is built around a central note of Belle de Nuit, a bloom that opens at night only and releases a captivating scent. Other notes include pink pepper, grapefruit, mandarin and orchid.

The cap modeled after the shape of a Cascade collection earring is a throw back to the Art Deco period orienting the perception of the flacon to be from the same era.

Jewellery worth more than 6m euros (£5m, $8m) has been stolen from an exclusive Paris store in broad daylight by a lone gunman, police sources say.

Dressed in a suit and fedora, the man entered Chopard on Place Vendome and reportedly made staff hand over 15 pieces of jewellery at gunpoint.

The heist, which took place in mid-afternoon, came after a gang of armed men stole gems worth 85m euros from jewellers Harry Winston in Paris in December.

Austrian director Michael Haneke won the Palme d’Or (Golden Palm) for best picture at the Cannes film festival on Sunday for “The White Ribbon,” his eerie exploration of the roots of Nazi terror.

Since 1954, the award has been annually given to the Director of the best film presented at the festival.

The Palme d’or 2009 has been created by Chopard and it reminds of the coat of arms of the city of Cannes.

Another luxury watch signed by Elton John, to fight against Aids, will be presented by Chopard at the Baselworld 2009.

The new Chopard watch features a white or pink gold jeweled dial, jeweled bezel and a cocodrile leather bracelet, available in three different colours: pink, brown or black. It also has a quartz chronograph movement.

A portion of sales will be donated to Elton John Aids Foundation.

Beautiful, rare, original, chic, glamourous…..do you want a perfect Valentine’s gift for your loved one? Voilà, Luxuo’s guide for you.

For Her

These Chopard earrings features diamonds set into 18k white gold in a interwoven four hearts design.

This pair, encrusted with 2.03 ct diamonds, is part of the Valentine’s Day collection from Chopard.

Part of a collection called Passion, this lovely Louis Vuitton bracelet, composed by gold and red multisized hearts, has priced at $355.

This is a limited edition of 1,402 models worldwide: Love 2009 collection features sparkling rose coloured crystals, 23-carat white gold-plated materials and  rose-scented temples.

For shoes’ lovers. Renè Caovilla, prestigious designer, created this  jewel sandal with white crystals and three shining red hearts.

For him

$250 for this  gentlemen’s slippers with a dragon motif hand stitched and bench-made in England by Shipton & Heneage’s luxurious footwear and loved by Pharrell Williams.

For the 40th birthday of the iconic Heuer Monaco, Tag Heuer presented a slightly new version of the original complete with the blue-dial and a caseback engraved in tribute to Steve McQueen, who was a fan of this beautiful watch.

Bottega Veneta’ s desk set featuring a collection of accessories: bussiness card case, money clip, letter opener, ruler and a magnifying glass.

For you together

The Dom Pérignon love gift pack contains a pair of stunning champagne flutes designed by Swiss artist Sylvie Fleury and a bottle of Dom Pérignon Vintage Rosé 1998.