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What are InStyle editors lusting after? Whether shoes or bags, clothes or jewelry, see what Randy Miller, an editor in our fashion department, and contributing fine jewelry editor Marion Fasel picked as the best of the best for our “We’re Obsessed” list, including this Kaufmanfranco crystal embroidered red dress, Louis Vuitton diamond watch, and these Daniele Michetti blue pumps. Click through the gallery to see all of the editors’ favorites this week—if money were no object, of course.

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• Runway Looks We Love: Louis Vuitton
• Look of the Day!
• Michael Phelps for Louis Vuitton