Design studio, Porsche Design, most prominently known for its industrial design approach towards premium and luxury consumer goods worldwide has worked its magic for the first time on a Porsche car. As a modest tribute to the 1972 Chronograph 1 designed by Ferdinand Alexander Porsche (son of Ferry Porsche and grandson of Ferdinand Porsche but most famously known as the man who penned the legendary 911 body design from 1964), 777 Cayman S models will receive this special trim package which reflects all Porsche Design chronographs.

Such details include black Alcantara material covering the gear lever, handbrake grip, three-spoke steering wheel and roof headliner in addition to embossed Porsche crest logo on the headrests. Also, the instrument cluster dials incorporate the design of the original Chronograph 1.

For a slightly more sinister look, the Cayman S Edition 1 receives 10mm lowered suspension, 5 mm wheel spacers with 19-inch wheels from the 911 Turbo. And as a last touch of exclusivity, don’t forget the Porsche Design Edition 1 decals on the hood and doors as well as name plate on the glove box identifying the limited edition production number.

Naturally, because this is a Porsche Design project you also get a host of goodies from the Porsche Design product range which include a Flat Six Chronograph briefcase, pocket knife with black blade, a pair of sunglasses, a pen, and a key ring all in matching black.

The Cayman S Edition 1 will be available this November in Germany for a base price of EUR 58,600 (19% VAT excluded) and in the U.S. January 2008. No U.S. pricing has been announced yet.