Kylie Jenner is set to launch her new beauty collection with sister Khloé Kardashian this week.

Kylie Jenner The Koko Kollection (c) Instagram

Kylie Jenner The Koko Kollection (c) Instagram

The 19-year-old 'Keeping Up With the Kardashians' star has teamed up with her 32-year-old sibling to create a four-piece Lip Kit called The Koko Kollection for her brand Kylie Cosmetics, which will be available to purchase from her e-store on Wednesday (09.11.16), and Kylie has revealed it has been her "favourite" project to date.

Speaking about her first collaboration the beauty mogul - who went live with her make-up brand earlier this year - took to social media to announce the news of her partnership and the forthcoming project.

Alongside a picture of the lip glosses, which she shared on her Instagram account, Kylie wrote: "Wow it's here!!!! One of my favorite projects!!!! My first collaboration with @kyliecosmetics & who better to share this experience with than you,@khloekardashian. These shades, this packaging ... It's everything Khlo you did such an awesome job I love working with you sister. The first surprise of the holidays!!!! This 4 piece drops next week November 9th at 3pm! @kyliecosmetics #KoKoKollection (sic)."

And the beauty mogul has broadcast the news of the new products, which include a deep burgundy shade GORG, a glittery nude pink gloss DAMN GINA, a cerise pink hue OKURR and a nude matte shade called KHLO$, on the company's Instagram account (sic)."

The post read: "THE KOKO KOLLECTION. The first Kylie Cosmetics kollaboration. Can't wait for everyone to experience this gorgeous range of lip products created by @khloekardashian. Coming to you next week NOVEMBER 9th at 3pm pst. #holidaysurprises (sic)." Meanwhile, the former 'Kocktails With Khloé' host has admitted she is "honoured" her younger sister has shared her "lip-kit empire" with her.

She said: "I can't believe it's finally here! I am so excited Kylie is sharing her lip-kit empire with me! So proud of the collaboration we have created together! We've both worked really hard on these shades! It's perfect! It's everything Ky, I'm so honored to be your first collaboration! Working with you is a dream! I couldn't be prouder of the empire you created and I'm thrilled to be apart of it now. I love you so much sister!! The first surprise of the holidays!!!! This 4 piece drops next week November 9th at 3pm! @kyliecosmetics #KoKoKollection (sic)."