In 2005, a British jeweller made the world’s most expensive tea bag to celebrate the 75th birthday of PG Tips.

The bag was studded with 280 diamonds and worth £7,500.

Pete Harbour, spokesman for PG Tips said: “As it’s our 75th birthday, we wanted to do something special to remind people just how much they love the great British cup of tea.”

The latest addition to the million-dollar watch club is Hublot’s limited-edition Black Caviar Bang based on their highly acclaimed Big Bang model.

It features an 18k white gold case and a clasp that features hundreds of precision-cut black diamonds.

The watch’s total of 34.5 carats is made up of 322 diamonds on the case, 179 on the bezel and another 30 on the clasp.

A giant gem will hit the auction block in New York this autumn with the sale of the 32-carat emerald-cut Annenberg diamond, which is expected to fetch as much at $5 million.

The flawless ring-mounted diamond, owned by philanthropist Lee Annenberg, widow of publishing magnate Walter Annenberg, leads the auction house’s magnificent jewels sale on October 21.

“Gems of this size are extremely rare, and their presence on the market is always an important event in the world of diamonds,” said Rahul Kadakia, Christie’s head of jewelry.

The venerable Parisian luxury goods firm of S.T. Dupont has come out with the world’s most expensive lighter priced at $79,000.

The Ligne 2 Champagne lighter, part of Dupont’s Prestige Collection, is made of solid 18-carat white gold embellished with 468 brilliant-cut diamonds.

Also available is a matching fountain pen also in solid 18-carat white gold with rhodium finished trims and 502 brilliant-cut diamonds for $74,000.

This summer, upscale diamond jeweler Piaget is releasing a decadent collection that includes their signature watches, diamond necklaces, and rings.

The Limelight Paradise Collection has a cocktail theme that features, naturally, cocktail rings.

These cocktail rings differ from the classic work that Piaget has done in the past, in that the rings are designed to actually look like thirst-quenching alcoholic beverages.

Luxury Designer Alexander Amosu launches a series of exclusive bespoke shirts made from the finest cotton in the world.

Each bespoke shirt comes as standard with silver buttons with the option of having the buttons in gold, platinum or diamond encrusted (diamond comes in various colours)

Ranging from £400 ($650) to £25,000 ($40,000), these shirts will definitely complement the world’s most expensive suit from Alexander Amosu.