The J.Crew president on her longtime obsession with Giles & Brother, the return of pinstripes, and her next collaboration (of sorts).

It's been an interesting year for siblings/business partners Philip and Courtney Crangi. They launched Giles & Brother jewelry over a decade ago, but thanks to Courtney's highly publicized relationship with J.Crew president Jenna Lyons, a whole new set of eyes are watching them. But here's what's so refreshing: Where most would be tightlipped in response to a sudden onslaught of gossip regarding their personal life, the Crangis acknowledge that Courtney's relationship is a point of interest for press, embracing it in the most positive way.

An AK-47, the world's most distributed assault rifle, conjures up a lot of images--and usually pretty jewelry isn't one of them. But thanks to new jewelry company and nonprofit organization Fonderie47 that might soon be changing and for a good cause too, reports the New York Times. Struck by the profusion of AK-47s on a 2008 trip to Kenya, humanitarian leader Peter Thum saw an opportunity to get the guns off the street--and make something beautiful in the process. He, along with John Zapolski, soon founded Fonderie47, a jewelry company that creates original, high-fashion "wearable art" out of recovered AK-47 gun metal. "We saw the AK-47 as an opportunity because it’s such a successful design,” Thum told the New York Times. “It’s something that’s globally recognizable. What better way to turn things around than with this object, which represents so many things ugly, and turn it into something beautiful?”

Earlier this week we learned that J.Crew president Jenna Lyons was in the middle of a "messy" divorce and that she was allegedly in a new relationship with a woman who also works in the industry. This morning Page Six is reporting that the woman in question is Courtney Crangi, jeweler Philip Crangi's sister and business partner.

Last night, we hopped by Swarovski's party commemorating the 10th anniversary of the brand's involvement with the CFDA Awards, as well as the subsequent limited edition collection designed by Philip Crangi. After getting thoroughly lost in a maze of underground stores and eateries (also known as Rockefeller Plaza), we finally found our way to Swarovski's champagne-filled shindig in one of the sparkliest stores we've been in yet--and boy was it worth the trek.

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