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Guess what fashionistas, there is a brand new jewelry line (helmed by two fashion mavens) headed your way!

Rachel Roy, one of our favorite up-and-coming designers, is joining forces with R&B songstress Estelle to create a jewelry collection consisting of rings, ear cuffs and necklaces. We love Rachel Roy because she caters to a high end audience, but also has a more affordable line that maintains the same high-end sensibility. Accordingly, the affordable collection ranges in price from $34-$50.

STYLE PROFILE: Designer Rachel Roy

Both ladies will be involved in the design process, and the pieces will be available via a pop-up store on her Facebook page on February 9th for three days only. According to High Snobette If you become a fan of Rachel, you’ll have the opportunity to buy the collection on-line, and some items will only be sold on her site.

If the sneak-peak ring below is any indication of how fabulous this collection will be, we’re in for good shopping recessionistas!

Here’s a gallery of the two designers:

Rachel Roy & Her Kids Pose For A Photo

Go here to check out Rachel’s site.

There are also some looks from her Spring 2010 Ready-To-Wear line in the gallery:

Rachel Roy Designs Hat For Kentucky Derby