It seems as though being a socialite, actor or reality TV star basically guarantees a successful foray into the fashion, beauty and accessories realm. Almost everyday there’s a new announcement or buzz about celebrities becoming spokesmodels or designers for some of our favourite brands.

Teaming up with Mouawad, the same group that supermodel Heidi Klum partnered with to create her Van Clef-ish jewelry line, Nicole Richie announced to People Magazine that she will be launching her own line of ...