We’ve earlier reported about Grand Monaco collection of luxury phones. Gresso continued the collection by announcing Grand Monaco USB flash drive edition.

F1 fans can pick from any of the two models - Double Security and Classic.

Crafted out of tough yet light weight titanium superalloy, the case is further toughened with high-tech ceramic.

Gresso, the Russian manufacturer of Luxury mobile phones, announced the release of a new collection dubbed Gresso Grand Monaco.

The collection makes use of modern materials such as a titanium alloy for the case, with a specialized ceramic coating and carbon fiber accents.

Other materials include steel and hand-polished 42 K sapphire crystal (framing the display).

We take a look at the Hermes Alligator Leather Table Clock as made for the Only Watch 2009 event.

The Only Watch auction is a collaboration between Patrizzi & Co. Auctioneers and the Monaco Yacht Show. It will be held this year in Monaco on September 24, 2009.

The charity that will benefit from the event researches treatment for Duchenne Muscular Dystrophy.

Avenue Princesse Grace is the most expensive street in the world to buy property, where $120,000 (€84,985) will purchase just one square metre of prime real estate, according to a survey by Wealth Bulletin.

Prime residential property on the top 10 most expensive streets in the world saw their overall value fall by 12% in the last year, the survey found, with European streets faring better than their US and emerging markets counterparts.

That compares with price falls of between 20% to 30% in mainstream property prices in London and New York over the same period.

Chaired by the Editor of the Financial Times, Lionel Barber, The FT Business of Luxury Summit will bring together leaders from one of the world’s most successful industries.

This year’s theme is “Beyond Green: Economics, Ethics and Enticement”.

The annual event, now in its fifth year, will be hosted at Monte Carlo’s Salles des Etoiles in June, and will be attended by luxury brands, luxury consultants and brand experts.

Debates are expected to centre around the impact of the economic crisis on the luxury sector and future plans for businesses to become more ethical and environmentally friendly.