♦ Heidi Klum, Adriana Lima, Alessandra Ambrosio, and Karolina Kurkova were just a few of the models who took to the stage in Miami this weekend for the Victoria's Secret show where the company unveiled its latest publicity stunt at the celeb-packed event, the $5 million Black Diamond Fantasy Miracle Bra by jeweler Martin Katz. [Vogue UK, E!, ABC]
♦ Prada is gamely adapting to the economy by launching a new line of purses that are all—gasp—under $1,000. [Nylon]
♦ As if today's tiny fashion victims don't have enough to choose from, Jean Paul Gaultier has inked a licensing deal to make children's clothes. [WWD]
♦ Vanity Fair's fashion department tried to go on a $150,000 shopping spree à la Sarah Palin and discovered it's actually kind of hard to blow that kind of cash. [VF]