Have you been keeping count of all of fashion's designer collaborations this year?  Missoni for Target; Versace for H&M; Karl Lagerfeld for Fossil.  What? You read right. Karl Lagerfeld is teaming up with Fossil to create an exclusive line of men's and women's watches that will be designed, developed, and distributed under the Karl Lagerfeld label.

Announcement of the collaboration was made Wednesday, and Vice Chairman of Fossil, Mark Quick, said of the company's thoughts on the venture, "We look forward to working with Karl Lagerfeld.  It is a pleasure to work with such an inspiring fashion visionary."  

Inspiring indeed, but also one of the most industrious professionals in the fashion industry, head designing and creatively directing Chanel, Fendi, and his own self-titled label, in addition to a slew of other freelance ventures.  One thing is for sure though, Karl Lagerfeld's design label only works with the best explaining, "It is essential for us to work with the best license partners in each segment - that is why we are happy to partner up with Fossil" - President, Pier Paolo Righi.

Unfortunately the first collection of watches won't officially debut until spring 2013, but there are sure to be an ample amount of look book images of the timepiece collection littering the internet in the months preceding the launch.  And we can't wait so see what the brands come up with. 

Fossil typically has a very rustic vintage, almost indie vibe.  While anyone who's followed Chanel's runway in the past three decades knows what Karl Lagerfeld is about - eye catching high fashion.  So it's anyone's guess what they have in store.  Til then, bide your time by checking out Joonbug's article on the "Five Watch Styles Every Girl Needs," detailing the major watch styles you can choose your time-keeping wrist piece from while you wait for Karl's!