milly jewelry nautical red white navy bracelets starfish necklace gold rope

Milly's Spring 2011 jewelry line has a very nautical feel. Photo courtesy of Milly

Her flirty fashions with a downtown edge have already made an impression on celeb fans like Julia Stiles and Kerry Washington and frequently land on the pages of our favorite fashion magazines.

But Milly designer Michelle Smith is ready to expand into accessories, and, at her Spring 2011 New York Fashion Week show next month, she's set to officially launch the label's new handbag and jewelry collections.

Smith tells StyleList the label's new bags will embody the spirit of its fashions -- smart, sexy, and glam with a vintage feel.

"Milly epitomizes uptown sophistication meets downtown cool," Smith says, adding that she wanted to create a designer handbag available at a contemporary price.

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Most of Milly's new handbag line will be leather. Photo courtesy of Milly

"Given my luxury goods background, I have always strived to offer the best possible value to my customer."

That price point will range from $250 to $525, and Smith tells StyleList key collection highlights include color blocking, graphic prints, and Milly fabrics to coordinate with the brand's Spring 2011 ready-to-wear collection.

Approximately 85 percent of the bag collection is leather, adds Smith.

"There is also a broad offering of Milly signature prints in luxurious fabrics as well as hand crochet, straw, and rattan," she says.

Inspirations for Milly's jewelry collection, which was first seen in a soft launch earlier this spring, include nautical touches, "signature Milly links, floral, and tribal in a range of styles including necklaces, bracelets, cuffs, rings, and earrings," says Carol DiMaio-Lucas, vice president of accessories at Milly. The baubles retail for $85 to $275.

Milly's not the only brand with launches on the brain. Here's what Nine West, Lacoste, and Cynthia Rowley are up to.