**WOMENS** Fancy vivid 10-carat purple-pink diamond fails to find a buyer

The 10.09-carat cushion cut, fancy vivid purplish pink diamond, which we listed in our list of most important upcoming auctions for 2011, has failed to sell at the Christie’s Magnificent Jewels Auction on April 12. This rare diamond was earlier expected to sell for up to $15 million, but unfortunately, it remains unsold. Tuesday’s auction brought in a total of $31.8 million, with 75 percent of the lots sold. Radul Kadakia, Christie’s head of jewelry in New York, said…

We were disappointed that the 10-carat purple-pink diamond did not find a buyer, but top-quality white, blue, pink and yellow diamonds fared very well.

A Fancy Vivid blue diamond that fetched $3.67 million, or more than $1 million per carat, thereby exceeding its high estimate. The highlight of the auction was a cut-cornered rectangular cut diamond, which went for $4.4 million. A rectangular-cut Fancy Intense Pink 6.61 carat diamond fetched $3.5 million.

However, the 10.09-carat Fancy Vivid cushion-cut was thought of to be the head turner at the auction, it failed to do so. The value of pink diamonds has increased by large in recent years. Kadakia further said…

The transaction is still alive, and though the diamond did not sell in the room last night, perhaps we’ll see something take place in the coming days.

Via: Reuters

**WOMENS** Mouawad unveils the world’s most expensive handbag worth $3.8 million

The House of Mouawad has now introduced what the Guinness World Records has labeled as the world’s most expensive handbag, valued at a whopping $3.8 million. Called “The Mouawad 1001 Nights Diamond Purse,” the luxurious handbag was unveiled by Fred and Pascal Mouawad, the co-guardians of the House of Mouawad. Pascal Mouawad said that the Mouawad 1001 Nights Diamond Purse has been designed to mesmerize with its lavish attention to detail and elaborate workmanship incorporating thousands of diamonds. The heart-shaped purse, handcrafted from 18kt gold, incorporates 18kt gold and 4,517 diamonds (105 yellow, 56 pink and 4,356 colorless) with a total weight of 381.92 carats.

The most valuable handbag in the world was designed by Robert Mouawad and handcrafted by 10 artisans over a period of 8,800 hours. Pascal Mouawad, said…

Just as the tales of Scheherazade have captivated readers with their intricately woven plots of uninhibited passion and daring. ‘The Mouawad 1001 Nights Diamond Purse’ is designed to mesmerize with its lavish attention to detail and elaborate workmanship incorporating thousands of diamonds.

Fred Mouawad commented…

This breathtaking creation is a unique masterpiece. [It’s] not only is it one of a kind but it is also the world’s most valuable, intensifying its power to enchant those who have the privilege of wearing it.

Back in 2003, House of Mouawad, in collaboration with Victoria’s Secret, made the “The Very Sexy Fantasy Bra,” the most expensive bra ever made worth $11 million. The Mouawad 1001 Nights Diamond Purse was unveiled at the Doha Jewellery and Watches Exhibition, and will be displayed until Sunday.

**WOMENS** New Bulgari Serpenti collection hisses back

If you thought you saw the last of the Serpenti collection from Bulgari way back in 2009, then Baselworld 2011 has a reason for you to cheer! The Italian luxury brand is all set to add five more precious nuggets to the stunning collection that includes a one in yellow gold or steel with two loops and can be picked up with and without diamonds But the highlight really is the pink gold version with seven loops that can wrap your arm, and is very reminiscent of Cleopatra. The snake patterned watches spot a silver dial that compliments its sunburst pattern and resembles the head of the reptile and spots a cabochon rubellite pink crown.

I know someone that would love this!

Another @myfabolouslife jewerly located - Black diamond bead bracelet

@avianneDiamonds has another winner in my book.  If you haven't noticed this fad, or have, and didn't realized these simplistic bracelets were actually gold, platinum and diamond encrusted, they are!

This isn't Francesca's, you will need some bread to pick on of these up.

14K White Gold Ball Bead Mens Diamond Bracelet 29.00 Ctw - $ 12,499.00.

Get yours here!

Dunhill London Lantern diamond-studded cufflinks for your man this V-Day

Cufflinks have always been a wise choice of gift for the man, especially so if he is very serious about looking smart in his corporate suit. Dunhill has unveiled its London Lantern cufflinks which is just that, cufflinks shaped in the form of the traditional gas lantern that used to be found on London’s streets and which has carried on its heritage even to this day. The $11,800 diamond-studded cufflinks are created from solid 18 ct pink gold and features the Dunhill iconic shape. For this Valentine’s, Dunhills cufflinks is, undoubtedly, a wise option. [Dunhill]