Jaime Hayon has just completed the interior for the new Faberge Geneva Store.

The opulent retail space mixes the contemporary with the classic while remaining true to the company’s luxury roots.

The elegant boutique enjoys wood-paneled accents and a mostly clean, white design.

A flawless blue diamond weighing 7.03 carats has sold for a record 10.5 million Swiss francs ($9.49 million), the highest price paid per carat for any gemstone at auction, Sotheby’s said.

The rectangular-shaped blue stone, mounted on a platinum ring, is the rarest to enter the international market this year.

The anonymous phone bidder, who won after a 15-minute war, has yet to name the gem.

In Mercer Consultings annual Quality of Living Survey, Europe once again dominates the list of 215 countries around the world.

The top three cities are, by rank, Vienna, Zurich (last years winner), and Geneva.

Commonwealth nations fare pretty well, too, winning 9 of the top 30 spots, even though London comes in only at 38.

A rare and flawless cushion-shaped blue diamond is expected to sell for between $5.8 million and $8.5 million when it goes up for auction at Sotheby’s Magnificent Jewels auction in Geneva on May 12.

The buyer will also choose a name for the diamond. Petra Diamonds said that the stone ranks amongst the most important blue diamonds ever to be offered for sale at Sotheby’s.

Discovered in Petra Diamonds’ Cullinan diamond mine in South Africa, the 7.03ct diamond was cut from a 26.58ct rough stone.

Rolls Royce officially unveiled its 200EX concept in Geneva this week as the precursor to the fourth model in its lineup and the first not based on the immense Phantom.

The 200EX is just a concept but this fall the production version will be revealed with a proper name, one likely to start with Silver.

The styling is quintessential Rolls, pulling all the best cues from the Phantom and Drophead Coupe and fitting them into a decidedly smaller package.

Another selection of the most powerful and luxury cars presented at Geneva Motor Show.

The Ferrari 599XX is a concept based on the 599 GTB Fiorano, that features new most advanced technologies resulting from Ferrari’s road-going and F1 research.

Many of the technological solutions it carries are being used for the first time and have been developed exclusively for this special car. Particular attention was paid to cutting the weight of the engine unit components.