Milly, known for its sweet frocks and ladylike coats, has branched out into accessories—launching both a handbag line and a collection of costume jewelry. "My goal has been to create a truly designer-level handbag in terms of design detail, quality materials and finishing, but at a contemporary price point," Milly designer Michelle Smith told WWD. Expect to find hardware detailing, unique closures and Milly charms throughout the nautical-inspired bags, which retail from $275 to $525 and hit stores in January. And as far as the jewels go, they'll follow the same theme, featuring rope-accented and starfish-charmed baubles for $85 to $275. Click through our gallery to preview Milly's debut accessories collection now.