• Karl Lagerfeld lost a diamond-covered brooch at the CFDA/Vogue Fashion Fund Awards event earlier this week. Luckily, BFA photographer Neil Rasmus scooped it off the floor and handed it to security. Later that night, Lagerfeld and Anna Wintour personally thanked him. [Page Six/NYP]

• Tumblr launched an online store today, Of a Kind, where emerging designers can post and sell their items. [WWD]

• Cool Hunting is curating a Gap pop-up shop on Fifth Avenue. The space will feature products by Jonathan Adler, Fat Witch Brownies, Sol Moscot, Jawbone, and Bamboo Bike Studio. [WWD]

• An enormous and very rare pink diamond has sold for more than $46.1 million at Sotheby’s in Geneva. [WP]

• Alberta Ferretti will be the guest of honor at Pitti Immagine Uomo. [WWD]

• Cindy Crawford: “I don't expect my body to look the way that it used to, because that would be deeply frustrating. I work out to feel good and get energized. Knowing how strong I am is grounding as I get into my 40s. When I was 30, I might have said, 'I'm just going to age in a way that honors time and is completely natural,' but I'm no longer so highbrow about it. Too much Botox scares me and plastic surgery is really scary, but as long as you don't use these things to change your face, I think it's okay." [Vogue UK]

• Upscale watch Omega is planning a major expansion in the U.S., which includes opening 30 new stores by 2011. [WWD]

• In China, luxury goods are often used as compensation for crooked deals. They’re seen as safer alternatives to hongbao (red envelopes stuffed with payoff cash). [Forbes]

• Cintra Wilson reviewed the new VPL boutique: “I couldn’t figure out if it was overperforming underwear or underperforming outerwear. A wall of black-and-white photos by Mark Borthwick features decidedly normal-bodied girls leaning against windowsills in these clever underthings. But they are clearly indoors, having a private moment. The VPL print ads show models wearing the same underensembles, only with socks and little platform boots, as if they are about to skip outside and play a Benny Hill-inspired version of Rollerball.” [NYT]

• U.K.-based shoe retailer United Nude is opening a pop-up shop in Miami from November 29 to December 15. [WWD]