The Olsens team up with U.S designer Robert Lee Morris to create new jewellery collection.

Not content with two best selling, ready to wear labels (the Row and Elizabeth and James), the pair are now teaming up with CFDA Lifetime Achievement winner Morris, to add a jewellery collection to their Elizabeth and James line. And with autumn 2008 shaping up to be the season of statement jewellery - their timing could not be better.

‘We both love accessories and they’ve always been important to us,’ Mary-Kate told WWD recently. Indeed the duo are always the first to rock the season’s new and more directional accessories trends, so we have high hopes for their new collaboration with Morris who has a career that spans over 40 years, working with some of fashion’s biggest names from Calvin Klein to Donna Karan, and more recently the Olsen’s most fashionable friend, Karl Lagerfeld.

Thick metal cuffs (natch), statement rings, necklaces and earrings – which all the catwalks agree are back in a big way for winter 2008 – will all feature when the collection launches in Intermix stores in the U.S in September. Prices will start at $65 to $700, which means that whether you’re after an easy, seasonal update or a more timeless collectable piece, you should find what you’re looking for.

The Olsen’s decision to launch a jewellery collection before a bag or shoe line is a statement in itself, showing these two have an acute sense of the next big thing, and that they are shaping up next season to become an even bigger fashion force than before (it was recently reported that brand Olsen is worth $1 billion). But with their penchant for all accessories from platform boots to clutch bags, we’re hoping a shoe and bag collaboration will soon follow. Why catapult another desig