Chanel is widely considered the height of elegance. Who doesn’t get a little excited by the sight of those intertwined C’s, whether they pop up on a handbag or a powder compact? Unfortunately, Chanel fashion has always been well beyond the realm of my budget, but their cosmetics line is another story. While I don’t buy it all the time, I do indulge in Chanel makeup on occasion, and I love to stay abreast of their latest creations. My new obsession comes from their Spring 2009 “Bohemian Fantasy” collection: The painfully chic, limited edition Satin Lip Cream compact.

This stunner, described on the website as “covetable, collectible, iconic,” offers five creamy shades of Chanel lip color arranged in their signature double C’s inside of a sleek black compact for easy portability. The shades include a pale pink, a nude, a neutral rose, a glam red and a deep plum. Wear them alone or layer them for even more versatility. At $60, this compact isn’t cheap, but compared to other products with Chanel clout, it’s an absolute steal. Looking for a way to treat yourself? This could be just the ticket.