Maria Sharapova is busy this season, and although she won't be competing in the Olympics or U.S. Open due to an shoulder injury, she will be unveiling a few luxury gadgets at New York's South Street Seaport on August 20. Media Post says the tennis star will take the wraps off five diamond-studded Cannon PowerShot Elph cameras at an invitation-only event taking place at the Canon Center Court.

These five SD1100 IS Digital ELPH cameras, all in different colors, were designed in conjunction with Amosu and feature 88 white diamonds encrusted around the lens which raise the camera's value to around $12,000. Lucky for some, each camera will be given away as part of a sweepstakes that will run from August 20 to October 20 at Powershot.com.

The camera itself isn't so bad without all the bling as it features an 8 megapixel sensor, image stabilization, a 2.5-inch LCD, face detection, and retails for $250 sans the diamonds. If you really want to get the luxury version, then head over to the contest page and register to win. The contest is open to anyone in the U.S. so hurry up and enter.