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The “ lipstick index ”— aka the idea that people will splurge on small luxuries when big ones feel out of reach — is alive and well, and Louis Vuitton just made it official. On August 25, the famed fashion house will launch its first-ever makeup line, featuring lipsticks stamped with the LV monogram.

The makeup legend Pat McGrath on Vuitton’s major launch of cosmetics, a much-watched move for the luxury behemoth.