Sister Act: Mary-Kate and Ashley Olsen Reinvent Elizabeth and James

The famous twins create their own circus of the stars with a big-top-inspired fine jewelry collectionMary-Kate and Ashley Olsen were first introduced to American households at the age of 1 on family sitcom Full House. By 15, the pint-size twins had built a mega-empire rife with books, made-for-TV movies, videos, and assorted clothing lines. Flash forward nine years and the girls, now 24, show no sign of slowing down. With the 2008 launch of their contemporary sportswear label Elizabeth and James (named for their siblings), the stylish pair established themselves as a force in fashion and soon added a jewelry line under the direction of Robert Lee Morris. Now, having reclaimed the reins, the duo have designed a collection for fall 2010 that infuses materials like smoky quartz, lapis, and diamonds with the wit of P.T. Barnum. (Think bejeweled elephant pendants, flying monkey earrings, and

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