According to new reports, global production of rough gems is expected to begin declining over the next few years and the world of diamonds will begin to restructure in order to cope with the changes.

Italian fashion house Brioni has announced the launch of their first sunglasses collection. The 15-piece collection will include laser-cut, hand-polished buffalo horn arms and anti-reflective Zeiss crystal lenses.

Luxury fashion brand Burberry is no stranger to making style headlines, but their new online offering for a Burberry Tailoring experience suit is making it even easier for men to get a sharp, fitted, well-made suit.

French luxury brand Hermès is taking additional measures to ensure that LVMH, who currently owns 22.3% of the company, does not have the opportunity for a takeover. Though LVMH has never confirmed any intent on doing so, Hermès isn’t taking any chances.

Fashion designer Tory Burch has released her Spring 2012 Look book filled with elegant, sophisticated and chic ensembles perfect for outdoor gatherings and day-to-night looks.

New York start-up ThingD recently introduced a new social commerce platform for its site, Fancy, which allows brands and retailers to sign up and sell any item that has been “fancied” on the site. Since it’s launch in February, Fancy has accumulated an astounding 500,000 users and more than 1,000 merchants signing up to list their products.

A slice of the eight-tiered royal wedding cake at Prince William and Kate Middleton’s wedding is heading to an online auction on May 3 and those interested in royal memorabilia are already coveting the sweet treat.

Hollywood actor Pierce Brosnan will attend the grand opening celebration of the new Malibu Library along with a Earth Day celebration on April 22 as a special guest with Dick Van Dyke. The City of Malibu is combining the two exciting events on one day, which are free to the public.

Santa Monica’s Eli and Edythe Broad Stage will be receiving a new $12.3 million wing, allowing the organization to expand its cultural programming and host more events. The plans include a 165-seat music hall, a rehearsal room and storage in a two-story structure that is expected to be completed in 2014.