Here's what's happening around the web this morning:

Hermes to Launch Fine Jewelry with Pierre Hardy
Care for some bling with your Birkin? Hermes and accessories designer Pierre Hardy will be designing a new collection of fine jewelry. Commence cartwheels.
[WWD]

Cheryl Cole Tops British Glamour's Best-Dressed List
British pop star Cheryl Cole has landed the number #1 spot on UK Glamour's Best-Dressed List for 2010, just edging out Rihanna and Blake Lively. Resistance is futile.
[Sky News]

Coco Rocha Stars in Karl Lagerfeld-Shot Ad for Coca-Cola Light
Thirsty for some Coco Cola? Supermodel Coco Rocha is a pop princess in the French ad for Karl Lagerfeld's specially designed bottle of Coca-Cola Light.
[WWD]

American Apparel Sale Sparks Arrests, Injuries
Three people were arrested and 10 police officers were injured when 2,000 people turned up for an American Apparel rummage sale in London. People, people -- there are plenty of gold leggings to go around!
[Telegraph]

Lily Allen's Topless Harper's Bazaar Australia Shoot
G'day, mates! Lily Allen flashes her boomerangs (NSFW) in the May issue of Harper's Bazaar Australia.
[Styleite]