A hybrid Lexus has been chosen as the official royal wedding car of Prince Albert of Monaco and Charlene Wittstock next month, the automaker has revealed.

A customized LS600h Landaulet with a transparent polycarbonate roof has been specially constructed for the occasion to allow guests to get a look at the couple during the event, scheduled for July 2.

It was dismantled to allow for the fitting of the 26kg roof, a special addition to the model, which will eventually go on display at the Oceanographic Museum in Monaco.

Bell & Ross‘s one-off timepiece for the Only Watch auction features a roulette design built on top of their popular BR 01 watch.

This timepiece, done in all 18k pink gold, is a tribute to the country of Monaco which will be hosting the Only Watch auction this upcoming September.

The “0″ number on the roulette wheel indicates the hours (there are 12 little diamonds on the outer edge of the dial for standard timekeeping), the roulette ball indicates the minutes. The roulette spinner which will rotate once every 60 seconds.

Monaco’s Prince Albert II and Charlene Wittstock, his South African swimming champion fiancee, are to get married in Monte Carlo’s millionaire’s playground in a civil ceremony on July 1 followed by a religious ceremony the following day.

Monarchs and heads of state can watch the marriage itself within the palace while 3,500 less privileged guests can watch on a giant screen.

On July 1, a large concert will be offered by the newly-weds on the Port with electro musician/composer Jean-Michel Jarre.

Monaco remains the world’s most expensive residential location, followed by London, according to Knight Frank and Citi Private Bank.

According the report’s global index of luxury home prices, $US65,600 per square metre is the average host of a house or apartment in the tiny European microstate.

Monaco’s biggest deal last year was the purchase of La Belle Epoque, a 17,500-square-foot (1,600-square-meter) penthouse, for 240 million euros ($340 million) from Christian and Nick Candy in September

Prince Albert II of Monaco has awarded a royal warrant to Lexus as Official Supplier to H.S.H. the Sovereign Prince of Monaco.

Confirming his commitment for more environmentally friendly solutions, he has decided to use a Lexus hybrid car at the occasion of his marriage to Miss Charlene Wittstock on Saturday 2nd July 2011.

This Lexus LS600h has been specially outfitted with the royal flag, “MC 01″ license plate and flashing lights.

Hong Kong’s Severn Road, a winding street of mansions and tony apartments, is still the priciest address on the planet.

For the second year running, Financial News has determined that properties on Severn Road cost more per square foot than those anywhere else.

Properties on Severn Road were valued at US$78,200 a square meter (about US$8,689 a square foot), up from US$70,000 in last year’s survey.