As the Los Angeles Times recently reported, Chanel has recently opened a new Chanel flagship in Beverly Hills. The 14,700-square-foot Rodeo Drive store has a dramatic storefront of white and black with a cast-bronze canopy. The four-story space is a palace of elegance showcasing not just clothing and acessories but also a wide variety of artistic flourishes in Murano glass, gold leaf, feathers and silk. Taking pride of place in the store is this unique watch, a one-of-a-kind version of their J12 tourbillon ringed in sapphire baguettes with a sapphire cabochon set in the crown. The watch is inscribed Beverly Hills No. 1/1.