LE SMOKING ... It was only a matter of time before the cigar craze hit the jewelry industry as a design theme, not just an accompaniment to one’s after-dinner port. Suddenly, jewelry designers are creating everything from tiny jeweled stogies to cigar bands made of precious metal and, of course, the requisite luxury smoking implements. IF YOU CAN’T BEAT ’EM, JOIN ’EM A return to luxury in the past few years has helped fine jewelry sales to blossom at the expense of fashion jewelry dollars. So Carolee Friedlander – whose Carolee brand occupies the lion’s share of the fashion jewelry departments of top stores such as Bloomingdale’s, Neiman Marcus and Saks Fifth Avenue – has added sterling silver jewelry and watches to her collection. To support her move into fine jewelry, Carolee undertook a massive national advertising campaign. In addition, her sterling silver and

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