The recession has had its affect worldwide but the impact is much slower in Asian countries, so this is a calling for all those wealthy Asians to come forward for a good cause. Italian luxury goods group Salvatore Ferragamo has designed a limited collection targeted at the rich Asians, to help raise funds for breast cancer groups. The "Pink Collection" includes a pink, crystal-embellished edition of Ferragamo’s signature ballerina shoe as well as a perfume, a watch, a T-shirt and a canvas tote, with prices ranging from $256 to $1,060. Also on offer are pair of bespoke pink satin sandals and a matching evening clutch which will be auctioned off for charity, with bids starting at $4,240.

The collection will go on sale in October, which is celebrated as breast cancer awareness month and at least 10 percent of sales will go to breast cancer charities and foundations in the selected countries (Hong Kong, China, Taiwan, Korea, Singapore, India and Australia).