Swiss watchmaker Hublot has launched a new diamond-covered 18k white gold Big Bang tourbillon watch, which costs a whopping €2 million ($2.8 million).

The new Hublot Big Bang Watch set in 18 carat gold with a gold Big Bang tourbillion comes studded with as many as 142 carats worth of baguette diamonds, which covers the case, dial, and bracelet.

A total of 637 baguette diamonds along with one rose cut diamond on the crown dress up this masterpiece.

Geoffrey Parker, London-based maker of the finest games on the globe, is offering the world’s most expensive poker set for $7.5 million, Justluxe reports.

The bespoke set comes housed in a genuine alligator skin case finished in any color the client chooses, fitted with 18k white goldcombination locks and hardware.

The case’ suede lining features an 18k gold and diamond frame holding 384 18k white gold chips, each inlaid on both sides in shagreen (stingray skin).

Luxury phone maker Gresso has unveiled the new iPhone 4 Black Diamonds for Lady, in the case of the 200-year-old African Blackwood, combined with black and white diamonds, platinum and 18K rose gold.

The buttons on the panel feature 2-carats worth of black diamonds and an inside frame made of 18-carat rose gold with white diamonds.

The iPhone 4’s back panel has been decked out with black diamonds in 6 carats, in combination with 13 carats of stunning white diamonds.

London’s Natural History Museum is currently hosting the most stunning yellow diamond in the world – the Cora Sun-Drop.

At 110-carats, the Cora Sun-Drop is roughly the size of a woman’s thumb and is largest vivid yellow pear-shaped diamond known in the world.

It has been lent to the museum by leading US diamond manufacturer Cora International for display to visitors for a limited time.

The House of Mouawad has just unveiled the Mouawad 1001 Nights Diamond Purse, the world’s most expensive handbag, valued at a staggering $3.8 million.

The most expensive purse in the world was designed by Robert Mouawad and handcrafted by 10 artisans in over 8,800 hours.

The heart-shaped purse incorporates 18kt gold and 4,517 diamonds (105 yellow, 56 pink and 4,356 colorless) with a total weight of 381.92 carats.

Rock Royalty, a new Nashville-based luxury design house that manufactures one-of-a-kind, custom guitars, is offering the ultimate in rock star decadence: an $85,000 custom alligator skin, diamond and sterling silver Fender Telecaster.