Strictly Come Dancing will return for a fifth season this month as celebrities and professional dancers battle it out at the 02 Arena.

2012 marks the 20-year anniversary of power fashion house Christian Louboutin and to mark the occasion, Neiman Marcus collaborated with street artist Galo Make Canote to create a stunning piece of Louboutin-inspired art overlooking Sunset Blvd.

Water Grill has been undergoing an expansive $1.5 million renovation but the re-opening is near as the restaurant indicates on their website they will be open for business in mid-January.

Reportedly due to increased raw-material costs, haute fashion house Hermés will soon be increasing the price tags on their luxury items.

Debt-laden Italian luxury yacht maker Ferretti was just bought by machinery maker Shandong Heavy Industry Group. The Chinese company just penned a deal this week to acquire a 75% stake in the luxury yacht company.

Santa Grand Hotels just opened their Lai Chun Yuen property and the inspiration for the boutique hotel’s design came from a piece of Singaporean history in the form of an early 19th century Chinese opera.

Mercedes-Benz has answered the competitive call from other luxury carmakers like Audi and BMW, who are making lightweight models, with the development of the E Superlight carbon fiber halo sedan.

Former model Nicole Murphy and football analyst Michael Strahan have just listed their contemporary Mediterranean home in Brentwood for $6.95 million.

Set to take place over the weekends of April 13-15 and April 20-22, Coachella Music Festival has released their 2012 lineup. Key performers include The Black Keys, Radiohead, Dr. Dre, Snoop Dogg, Swedish House Mafia, David Guetta, Afrojack and Kaskade.