With Intel's MICA, jewelry has a phone number

It's time to merge high tech with high fashion. I'm Bridget Carey, and this your cnet update. An avalanche of high tech fitness tracking bracelets and smartwatches are hitting the market this holiday. Most of the designs, so far, have been on the sporty side. Perfect for the hoodie toting techie. But there are few wearable gadgets for the female fashionista. With Fashion Week kicking off in New York, Intel is showing off a new luxury smart bracelet called the MICA. It's created in partnership with the fashion company called Opening Ceremony. It's essentially jewelery with it's own phone number. That means you need a data plan. It receives text messages, which are displayed on the curved sapphire screen on the wrist. And it also will be able to show other notifications. You can charge it wirelessly, or with a usb cord. The port is hidden inside of the clasp. As for the fashion half, it's decked out in snake skin, tiger's eye and obsidian. This is a luxury product, so don't be too shocked on the price. Intel says it'll cost under $1,000. Intel is getting into wearables because the market has huge growth potential. But why go into the luxury market? Here's what Intel vice president of new devices had to say. It's because we have to expand the market. We believe the consumers need aesthetics. And they need various different usage models. So, we think our jewelry like bracelets will be an interesting step forward. We're also getting a look at a high end robot vacuum from Dyson called the 360 Eye. Expect it to cost more than that bracelet, it can be around 1200 dollars. There's a 360 degree camera up top, that scans where it needs to clean next, and there's an app so you can remotely program it. It's first coming to Japan next year. Aside from new gadgets, this is also a week of troubling tech news. Home Depot is investigating reports of a data breach that could have compromised customer credit cards. Home Depot says it will provide free credit monitoring to anyone effected but that's not all. Popular science reports that 17 fake cell phone towers have been found across the U.S.. And these phony towers have the ability to spy on phone calls, intercept messages, and load a phone with spyware. And you wouldn't even know this is happening. This was discovered by the engineers that created the Cryptophone 500. That's a special encrypted Android phone. Normal cellphones automatically connect to the closest cell tower. And these towers are labeled as being from a specific carrier, like Verizon or AT&T. But when there's a cell tower without a name, the Cryptophone alerts the owner of a bogus tower. It's known that government agencies use dummy towers as interceptors for espionage. As of this report, its unclear who is running these towers, but several were found on US military bases. That's your tech news update from our studios in New York. I'm Bridget Carey. [MUSIC]