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In his autobiography, Faking It, the king of costume jewelry Kenneth Jay Lane spelled out his simple rules of jewelry dressing: "People ask where they can wear it, and I tell them to wear it anyplace, even at home." What a brilliant idea! This vintage KJL stunner from the private stash of Deanna Farneti Cera (the queen of costume jewelry and author of Jewels of Fantasy) is the perfect piece to spiff up Sunday night dinners chez moi. With cargos and a T-shirt at Saturday brunch, the gala bauble would be transformed into an ironic hipster piece. Its true, the neighbors might talk but I am sure Mr. Lane would tell me, "That, my dear, is the point."

$1,250; at yoox.com.

—Marion Fasel, Contributing Editor, Fine Jewelry & Watches