The 31-year old supermodel Marisa Miller was chosen to model this year’s Victoria’s Secret Fantasy Bra, designed by Italian jewelry house Damiani.

The $3 million bra was covered in 150 carats of stones, including a 16-carat heart-shaped stone. “It’s like being a princess,” Marisa told Us Weekly.

Sadly, the recession appears to have hit the diamond bra business quite hard. In 2006 the diamond bra was covered in $5.6 million in diamonds.

This week, more than 400 exhibitors are in Paris, France for the 2009 Paris Chocolate Festival. The theme this year is opera.

The event kicked off last night with a chocolate fashion show where dresses are created by a combination of top fashion designers and chocolatiers.

Walking the runway wearing the chocolate fashions were models, actresses, television personalities and opera singers.

Fashion designer Karl Lagerfeld showcased his black take on power suiting for Chanel last week in Paris and one of the highlights was the Chanel Perspex Briefcase designed for working women.

The transparent briefcase comes with slots to hold a purse, lipstick, sunglasses, iPod and other ladies’ stuff. Source: Businessflogo

Marc Jacobs created a collection full of accessories for the Louis Vuitton fall 2009:

Lovely handbags, exciting shoes, bejeweled satin leggings, necklaces modeled after paper garlands, stunned gloves mixed with ladylike pearls of all sizes and even bunny ears for playful ladies.

And of course the gilded monogram, the protagonist of every collection.

The yokozuna Asashoryu has appeared in the Shibuya Girls Collection show in Tokyo this week and entertained a crowd of 20,000 mostly teenage girls.

He was wearing a school uniform as a reference to him starring as a high school student in a recent TV commercial. Source: Relaxnews

In the spirit of saving money, Halston presented its fall 2009 collection in a music video instead of on the runway.

The video stars Dree Hemingway, a ballerina and granddaughter of the writer Ernest Hemingway, running through a city, wearing a yellow Halston dress and heels, and passing by other Halston-wearing women.

The change in format was not due to economic strain, Bonnie Takhar, CEO of Halston maintained — “It was something we were planning since September, before the world fell apart.”

But it has worked out with the economy in mind: “A lot of people’s budgets will be cut and many won’t be traveling to see the shows, and this is a way to be inclusive.”