• As predicted, Beyoncé will have a fragrance by springtime. For the rights to her name, Sasha Fierce is set to earn up to $20 million over the next three years. [WWD]

The Smithsonian is celebrating the 50th anniversary of the iconic Hope Diamond's donation with a new setting. Harry Winston, who donated the the 45.52 carat stone, is designing three new settings: vote for your favorite online. [WWD]

• How cool are these Charlie Brown New Balance sneakers? Cool enough that we wish they weren't just for kids. [WWD]
• A London artist has created Kate Moss and Agyness Deyn paper dolls which look frighteningly like the real thing. [Pipeline.Refinery29]

Everyone has a theory about what the recession will "mean" for fashion. Wanna hear often correct New York Times critic Cathy Horyn's? Oh yes you do!

• Thierry Mugler meets Sasha Fierce: a match made in shoulderpad superhero sparkle heaven. Mugler says he was exploring "The duality between being a woman and a warrior." [WWD]

• Naomi Campbell's started her latest round of amends, this time a stint in a soup kitchen for assaulting a cop. Apparently she was ten minutes late. [The Mirror]
• No one will either confirm or deny that Ellen is a new Cover Girl. [AdAge]
• Nastia Liukin thrown in with the sharks. "Ms. Liukin was excited-giddy, almost-but…

• Shocking but true: MTV is investing in subversive style iconoclast Lauren Conrad's clothing line. What, Emily Weiss didn't tell her about "private equity"? We think this is a first for media behemoth Viacom and the apparel industry and we can only hope Toastie and Scott Baio's BFF are next, and that whoever owns Fuse…