Lagerfeld, head designer of fashion house Chanel, teamed up with French master chocolatier Patrick Roger to create the room.
Lagerfeld designed all the elements of the room, which Roger then sculpted from 10 tonnes of chocolate.
The room contains a desk, a lamp and a sculpted figure of Lagerfeld's favourite muse, model Baptise Giabiconi draped on a chocolate bed and holding a chocolate ice cream bar.
Roger, known for his innovative chocolate creations such as giant chocolate Christmas trees, said what attracted him to working with Lagerfeld was his passion for detail.
'What is important is precision, exactness and that's also why I decided to join forces with Karl (Lagerfeld) because it allows us to push our work even further, to be even more precise, and that is priceless,' said Patrick Roger.
The event was organised by a famous Ice-cream brand to promote a new chocolate ice-cream.
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Source: Sky News Australia