Gucci created a limited edition bag collection for Summer 2011, which will be exclusively sold in the flagship stores in Capri, Cannes, Marbella and Monte Carlo.

A different color for each boutique: sea green for Capri, lavender for Cannes, orange for Marbella and bright red for Monte Carlo.

The collection consists of three elegant proposals: the Tote Bag, a casual-chic shopping bag in caracas raw linen fabric and leather trims; a practical zipped wallet and a beige pashmina shawlwith the color of the boutique where it is sold.

The principality of Monaco consists of less than two square kilometres of steep and rocky real estate carved out of France’s Mediterranean coast.

Known today as a playground for the rich, replete with a casino and an annual car race that roars through its narrow streets, Monaco has been ruled almost continuously by the Grimaldi dynasty since 1297.

The current monarch, Prince Albert II, is due on July 1 to marry the Zimbabwean-born swimming champion Charlene Wittstock in a lavish ceremony.

A penthouse flat in Monaco has been sold for €240M (US$304) in one of the most expensive residential property sales to date.

La Belle Epoque, a property occupied by Christian and his brother Nick Candy, has been bought by an unnamed Middle Eastern investor.

Each suite in the penthouse, the top two floors of a block of flats, has its own cinema, kitchen, dressing room and two bathrooms, and it has a spa, library and gardens.

Hotel prices fell by an average of 14 percent globally in 2009, according to figures released March 2 by Hotels.com.

Around the world, hotel prices now cost four percent less than they did in 2004, says the most recent edition of the firm’s Hotel Price Index (HPI).

Every continent posted a drop in prices, with Latin America the worst affected — a fall of 21 percent year on year.

Asia fell by 16 percent, North America by 14 percent and Europe by 13 percent.

Moscow, formerly the world’s most expensive city for hotels, posted the largest fall, with a staggering 41 percent wiped off the average price of a room.

For two days Elena Gregusova’s “Wear the News” collection will be exhibited at the Financial Times “Business of Luxury Summit” in the famous Salle des Etoiles in the Sporting Monte-Carlo.

The outstanding collection of six haute couture sculptures created exclusively from Financial Times newspaper represent Elena’s artistic transformation of recycled newspaper into extraordinary luxury wearable paper sculptures.

These photographs were all taken by Gregusova’s talented husband Martin Gregus. Website

Feel like dressing like royalty? Or even having a taste of royal life? Then look no further than the Mont Charles de Monaco collection!

Mont Charles de Monaco – Mont Charles means Monte Carlo in French – one of the first high fashion labels to originate from the prosperous Principality, has just revealed its signature collection of sensual handbags, as part of a coordinated plan to revive Monaco’s glamorous identity.

“Monaco has always been synonymous with style and sophistication” explains Founder & CEO John Mclean, in a reference to the luxurious Mediterranean nation made famous by Princess Grace and the Monaco Grand Prix.”But we need to remind the world of this, and add a modern twist”.