Zara Terez is a young and fabulous handbag designer who we recently met at a Bagtrends event in New York City. She's shown here at right wearing one of her most exciting new items: the 14th Precinct Holster, which is part of her Fall 2009 collection (available here). We chatted with Zara about her fresh and fiesty line of handbags, including this gun holster she just couldn't resist.

Luxist: Tell us about the gun holster.

Zara Terez: Well, I actually saw a gun holster, and I thought it would be a really cool idea to make it into a handbag. It's good to go out with, and for mommies who have little kids, they can carry around their diaper bag and have their cell phone and their credit cards [in the holster]. And actually, my sister said that it's really good for exercising, like, you need a bag you can run around with.

L: So you are manufacturing them?

ZT: I am, everything's made here in New York City.

L: Is that suede?

ZT: This is suede, and we also have it in pebbled leather. All the leather comes from Italy; I bring it in.

L: Excellent, and how much does one cost?

ZT: $125. It's really, really fun, we have it in multiple colors, and you can use it day or night -- it's perfect for everything.

L: Tell us a little bit about these other materials you're using,

ZT: Everything is leather. Embossed snake, embossed croc, and what I love to do is, I make sure that there's always a ...

L (discovering the inside of a feathered bag): There are sequins in here!

ZT: Yeah! There's always a splash of surprise in each one. There's a surprise in every bag. It's really all about you, and what represents you as a person.

L: So, where do you get your inspiration?

ZT: My friends, my family, New York City as a whole. [The bags] are all named for different places in New York City. My holster's actually called 14th Precinct, which is the precinct in the garment district.

Check out more of Zara Terez's badass girly designs below:

I had never heard of Clara Kasavina when I met Clara herself (right) at a recent event for BagTrends in New York City. Now, I'm a little obsessed. It wasn't just the fabulous handbags which caught my attention, it was the amazing work they do with crystals. I can't wait for you to look through the gallery and see the lavishly encrusted minaudieres and accessories, but first, here's a bit more information.

Clara and her husband Misha have been making handbags for 15 years. Clara designs the bags -- with resplendent taste -- and Misha is the model maker, whose superb craftsmanship is evident in each of their stunning final products.

The bags are made in a variety of jewel tones with different shapes and materials. "Usually we choose to match our python, so we have it in the python, we have it in satin," said Clara. Their other unmistakable feature is their dynamic and opulent use of Swarovski crystals, packed tightly but unevenly, like a mosaic. "They are like a skin almost," explained Clara, quite rightly. The result is bags and accessories with an extremely opulent vintage feel -- your bag may be new, but it looks like a hand-me-down from Princess Grace.

We see a lot of handbags, but we rarely see old-school glamour like this, and with the season's return to flashy, speakeasy styles, you'd be smart to pick up a Clara Kasavina for the holidays.

David Yurman opened up a brand new "shop within a shop" at the iconic Bloomingdale's on 59th Street in NYC last week. Located right on the mezzanine with the cosmetics, the new David Yurman 775 sq. ft space is completely separate in design from the surrounding department store fluorescence. The opening party included not only David and his wife, Sybil, but members of the board at Memorial Sloan-Kettering Cancer Center, as a portion of the proceeds from the first week of the new shop will be donated to The Society of MSKCC.

The opening was an absolute madhouse (which is what happens when someone shows up at Bloomingdale's with free champagne), and definitely got the word out about David Yurman's new home at Bloomingdale's. I managed to pull the charming and jovial David Yurman himself away from the masses of adoring women for a quick interview about the new shop, working as a husband and wife team, charity and inspiration.

Luxist: So, why a shop within a shop?

David Yurman: Oh, why not? We've had a smaller shop here [at Bloomingdale's] for about six years, but this is the biggest shop [within another shop] we have, probably, in the world. We have our own ceiling, we have our own video ... it's as large a size as I would imagine I would want.

L: And did you design it yourself?

DY: No -- well, I designed it with Michael Gabellini. Originally we designed the furniture, the show cases. We worked for about 5-6 months with Michael -- great designer, great person to work with -- sometimes it can be difficult; two creative people with their concepts, but to me, [the shop] is like, warm, minimal, not even minimal. Warm modern. Very functional. I mean, we used oak, solid black walnut, and it's connected to our flagship, which opened in March. Not all our stores look alike. We have five different looks in fifteen stores. This is our new design and we love it. It will be here, it'll be in our flagship, we're opening up in Paris in March, but this is -- I call it 'the pavilion.'"

L: It's a pavilion within a shop.

DY: It's a pavilion within Bloomingdale's!

L: You work with so many charitable organizations -- what's your philosophy as far as giving back?

DY: It's actually for my parents. If you have enough, you don't need any more. What's enough? I mean, I definitely have enough, so, we give back. It's the DNA of our family. I mean, I was giving back on Saturdays when I was in high school. Or, three months every year, the last few years of high school, I worked at the MS Center, I worked with underprivileged and handicapped children.

L: Sounds like they raised you well.

DY: They told me giving back, working, being with people is just .. I would never [have done] this, personally. I wanted to play football, I wanted to hang out at the mall -- but it was the best thing I ever did. It's such a good feeling.

L: What's it like working as a husband and wife team?

DY: It's difficult and rewarding. We have a lot to talk about.

L: Who does what?

DY: We make one person. Sybil's probably more focused on marketing, but I weigh in on marketing. I'm more focused on design, product development.

L: She weighs in on that?

DY: She weighs in on that. Nothing happens without both of us signing off. If we don't both sign off, it doesn't happen. We've been married for 39 years.

L: What are you working on next?

DY: It's hard to describe in words, but a lot of extensions, evolutions. We're doing a lot more 'younger,' our son is doing the men's and watches, and bridal and also the high jewelry which is amazing materials, great design, and it's where he's growing in our business. It's a family.

L: And what keeps you inspired, where you you get your ideas?

DY: You know, the thing with the word 'get' -- you can't say 'get ideas' because you kinda make yourself available to them. It's a river, you sort of guide yourself.

L: So you're just open to [ideas], you don't go looking for them?

DY: No, I don't look -- well, I'm not blind. I look at women, like I was liking [a nearby woman's] earrings ... those are my earrings! Ha! I was saying I liked them, and they're mine.

He certainly is friendly and entertaining -- and it was hard to keep the ladies from ambushing him mid-interview! Be sure and visit the new David Yurman space next time you make it to Bloomingdale's in NYC, it's like a breath of fresh air amongst the fragrances -- and, of course, the jewelry is fabulous.

Luxury publisher Assouline and the Council of Fashion Designers of America (CFDA) have come out with a new book called American Fashion Menswear, billed as "the most authoritative and exciting book to date on the evolution of menswear in the United States over the past century. " The book begins by noting that the individualists and adventurers who settled America required garments that were functional and well-designed in order to survive the challenges of a new environment; those qualities continue to endure at the very heart of American menswear. Author Robert E. Bryan has divided the volume into seven different sections based upon the diverse identities of the American man, covering everything "Levi Strauss to the Ivy League, lounge suits to Zoot suits, and cowboys to counterculture," with cameos from the likes of Fred Astaire, Marlon Brando, Ralph Lauren and more.

Even if Ed Hardy by Christian Augdigier isn't your style, chances are you've seen the T-shirts at least, most recently on reality show dad Jon Gosselin. But here's a new item from Ed Hardy Habit that got me wondering if the design world has lost it (I know this isn't the first silly "designer" item to come down the pike -- it just grabbed me this week as plain ridiculous): hand sanitizer. That's right, the alcohol-based gel we all carry to use at restaurants or after being on public transportation. The stuff that's pretty cheap. And comes in a plain plastic bottle because it doesn't need to have anything fancier.

Too pedestrian for you, though? Now you can carry around -- or keep at home or at your desk in a pump-style -- and show off to your friends, your designer hand sanitizer. Sure, it's still cheap (only $5 for 2 oz., and $13 for 9.3 oz. w/pump), but it's Ed Hardy Habit, and it comes in a jazzed-up bottle and has a coconut-bergamot scent. Also available: sanitizing pens and foaming hand sanitizer. Made by Habitual Solutions. And so popular it's on backorder as I write this. Guess I'm the one who needs to get with it.

After many years of planning, Hotel Missoni Edinburgh is set to open in June, and is now accepting online bookings. The 136-room hotel is a collaboration of Rosita Missoni, one of the brand's founders, and The Rezidor Hotel Group. The hotel's palette is officially described as black and white, with splashes of color throughout, but as you'd expect from Missoni, the overall effect is more exuberant rather than restrained -- it's about layers of patterns and textures, in rich colors and in black and white too.(See lobby photo above.)

If this sounds chaotic, overall, design lines are kept modern and simple, which should balance out the effusive use of pattern and color. Still, I'm not sure I'd want to pack anything other than basic black in my suitcase without the aid of a stylist, lest I clash with the hotel!

In any event, black wardrobe works just fine to attend Edinburgh's Fringe Festival, the largest arts festival in the world which goes off August 7th-31st-- always a late summer highlight. With its central location, Hotel Missoni should make a fine base of operations for the festival, and as of now, still has rooms available.

Next up for the Hotel Missoni brand? A property in Kuwait, slated to open in Fall 2009.

The slide in the luxury goods market is set to continue for a bit longer. That's the data to be gleaned from the semi-annual update to Bain's "Luxury Goods Worldwide Market" study. The study shows that the luxury goods market will experience a 15-20 percent decline during the first two quarters of 2009 down from 170 billion euros in 2008 to about 153 billion euros this year.

But the study does see the proverbial light at the end of the tunnel. It predicts that the luxury market will start to even out in the second half of the year ending up with a net decline of 10 percent for 2009 overall. Like other studies, this one looks to China and the Middle East for signs of hope, seeing a projected growth of seven percent in China and two percent in the Middle East.

Overall all luxury shoppers are feeling more tentative and spending less. Luxury, however, remains a stratified industry with several different types of spending behavior. The lower tier of luxury consumers switching to less expensive brands and the more affluent luxury shoppers switching their focus to the intrinsic quality of materials.

Mick Jagger's gorgeous glamazon girlfriend L'Wren Scott has put her her Norman castle-style Hollywood Hills house on the market for $999,999. The 6'4" stylist, designer and former model's chic 1,712-sq.-ft., 3-bed, 2-bath in the Bronson Canyon area was built in 1926 and is very privately situated, with two secured entries off the street leading to a English-style garden courtyard, the Real Estalker reports. The interior features a beautiful carved stone fireplace in the living room with a vaulted ceiling and a formal dining room with stained glass windows. Overall the home has something of a Chateau Marmont feel. Scott purchased the house in June of 1996 for $255,000. She and Jagger are said to be currently living in London.

Earlier this month the NY Post reported that fashion designer Marc Ecko had listed a colonial home he owns in New Jersey for $1.299 million in order to help satisfy more than $2.1 million in construction liens for his New Jersey castle, Stronghold. Now the Post reveals that Ecko has more problems than just his castle, which he reportedly has spent nearly $22 million fixing up.

The Post says that Ecko has hired investment bank Peter J. Solomon to help refinance at least $170 million in debt. The debts are owed to a couple of important business partners. If he can't find a willing lender, Ecko may have to sell off some assets. Like many fashion outfits, the Marc Ecko brand took a hit during the past retail season. The Post's sources say the company owes more than $100 million to Li & Fung, a global trading company that helps manufacture Marc Ecko products. He also also defaulted on a term loan of more than $70 million from a syndicate led by commercial-lending giant CIT and although he won forbearance on the loan, CIT will have to be paid by summer.

Michael Golden, chief marketing officer at Marc Ecko Enterprises, shrugged off concerns to the Post saying that the company is still strong. Rumors persist that the company is trying to lease out part of its new York City headquarters. A few years ago, Ecko contemplated offers from Jones Apparel Group and Tommy Hilfiger in the $500 million range but would be hard-pressed to find a similar deal now.

Designer Jill Stuart is famous for her designs that combine girly and grown-up. Select pieces from her designer collection, including the dress shown above are on sale at Ideeli tomorrow. The garments are as much as 72 percent off and prices start at $130. You can sign up using the link here.

Who is the man behind "neo-fierce" luxury jewelry line AZATURE, famous for black diamonds and gothic, industrial pieces for men and women? Azature. It's actually his name.

We've been covering Azature's fantastic designs for a long time. He's recently had a swell of success, with both Rihanna and Beyonce wearing his glittering, substantial pieces.

In this interview, we talk to Azature about his journey as a designer of fine jewelry, Madonna, and more. The items featured are some of Azature's personal favorites, as well as photos of Rihanna in his A.Z. Linked Necklace.

The latest designer to have a hotel concept will be Moschino. The Maison Moschino will be located in Milan, Italy in the old neoclassical railway station on Viale Monte Grappa. The four-story building will hold 54 rooms and 15 suites each with its own unique look. Rossella Jardini and the Moschino creatives are designing the space themselves with whimsical fairy-tale rooms like the petal bedroom shown at right. The hotel will also have a bar, restaurant, gym and spa. Opening is planned for 2009.

[via Vogue UK]

The latest collection from former Gucci mens design director and Prada Uomo designer, Neil Barrett, takes the unique name, Sartorial Gymnast. You won't find leotards and shiny Lycra here, instead Barrett interprets this theme through deconstructed apparel that is still somehow sharp and edgy. The fabrics are soft and allow for ease of movement but are also demanding for all but the slimmest of physiques. Perhaps the "gymnast" name come from the lean body you need to pull this look off. Barrett could give Hedi Slimane a run for his money with these unforgiving styles.

Nordstrom has a bit of this and that -- uptown to downtown, and great shoes. But did you know that it also has a "Designer Collections" shop on its site? I just discovered its handbag shop. As I write, there are 195 designer handbags offered, in brands that include Burberry, D&G, Kooba, Roberto Cavalli, Versace and a select few others. Fall styles are out -- get shopping! And/or see the gallery * for a few styles I picked at random.

* Note: Gallery pictures open to full size once you click on them.

Philippe Starck has designed yachts, hotels and countless household items but his latest challenge might just be his greatest. Starck is helping to design the accouterments of France's turn at the European presidency. France is famous for style and wants to carry that into this new regime and so the foreign minister, Bernard Kouchner hired Starck as an artistic director: Philippe Starck. As Starck, who is not known for his modesty, explains it to the AFP, there are a lot of things that are given to journalists, ministers, delegates and now "for the first time in the history of the EU, everything produced will be of high quality."

Items produced so far include pens, notebooks and a goodie bag sent to all French MPs that included stationery and a pale gray tie. Some of the women MPs, who all received the ties weren't too thrilled with the gift. Starck has also designed a special two euro coin.