Luxury Watch: Trump, Tiffany, LVMH +

* Donald Trump has launched Trump Tea, with four blends named after his favorite places, including New York's Union Square.

* Tiffany & Co. sales increased almost 10% in the second quarter, with half of sales now outside the US.

* LVMH is reportedly eyeing sister-owned fashion label Rodarte as an acquisition, and is now a part-owner of China's Emperor Watch and Jewellery brand, where it sees a big opportunity among Chinese wealthy.

* Chloe's next CEO will be Geoffroy de la Bourdonnaye, a French luxury vet with tenures at LVMH and Disney. He replaces Ralph Toledano, who unexpectedly exited this week.

* Mercedes S600 “iBusiness” Sedan integrates latest Apple components.

* Ports Design Ltd., the clothing designer and retailer that runs Giorgio Armani and Versace outlets in China, plunges in Hong Kong trading on store closures.

* Zara's long-awaited e-commerce site opens for business next week.

* Red Luxury ranks China's top 10 homegrown luxury brands.

* CBS MoneyWatch takes a look at 2011 luxury cars.