Jewelry Libations for New Year's Eve

Cocktails and jewelry - what a winning combination. As I was recently pondering what jewelry to break out for my favorite champagne-drenched holiday this Friday (wait for the Carrie Bradshaw moment...), I couldn't help but wonder (there it is...): Why is it that jewelry and luxury libations have such a glittering partnership?

First, there's the cocktail ring. The jewelry category emerged in the roaring 20s during Prohibition at illegal, booze-filled ‘cocktail’ parties. Women went big with fashion statements at these underground soirees, flashing their oversized, colorful baubles along with their newly exposed knee caps.

Cocktail rings generally have an oversized center stone of 3 carats or more and are typically worn on the right hand (any finger will do). But as we jewelry hounds know, there are plenty of costume options out there that won't break the bank.

But there's another drinkable jewelry look emerging from the shadows lately - champagne diamonds. From light champagnes, to burnished browns and rich cognacs, these natural diamonds offer a selection of tones and hues to compliment every style, taste and tolerance level.

An informative piece in the New York Times reports that the stone made its debut in the late 1990s when it was discovered in Rio Tinto's Argyle mine in Australia, but is only now gaining a strong following - including from yours truly and a bevy of Hollywood's leading ladies.

If you really want to tie one on, how about a double shot with a champagne diamond cocktail ring like this one for almost $400 off retail? 'Tis the season!

And be sure to check out the champagne diamond treasure chest on for more bubbly bling - it's jewelry that's perfect for teetotalers and the tipsy alike!