Simple – why buy one handbag with enough figures to make you faint, when you can buy at least 10 fake ones for the same price. Let’s face it – even if we have that one favourite designer handbag we will inevitably want to use more than one handbag in a year. And not every handbag is created equal – handbags come in all shapes, colours, textures and sizes, each with its own use. Why limit yourself to just one? Replica bags can be made of exactly the same materials as their designer counterparts yet cost a tenth or less of the price – and all that just because of a label.

Here’s a question – is the average woman really a discerning fashion expert in disguise? Chances are no, they wouldn’t be able to tell a good knock-off from the real thing.  However, if you’re strutting around town with a brand new faux Birkin bag, and you’re dressed like you do your fashion shop at the local charity store, someone’s going to catch you out.

To some, buying a real designer bag and showing it off to your friends is a great moment in any woman’s life. Not only does your ego soar to the high heavens, but there is the added bonus of watching your friends turn a slight shade of green – bliss.

One of the things I noticed immediately during the Oscars were Angelina Jolie’s supersize-me emerald earrings. Even the hubby, who rarely notices these things, was like “Whoh! Those can’t be real!”

Apparently, Angelina took a lot of time hunting for the perfect pair to wear for Oscar night, wanting it to be a real show stopper. Well, she obviously did the job (with $2.5 mil beauties by jeweler-to-the-stars Lorraine Schwartz) and along with Kate Winslet, who also donned large chandelier earrings, now started a fashion trend because statement earrings are now officially HOT for 2009.

Why? Well, the economic downturn is to blame (again), because look-at-me earrings can revamp a look instantly, so you can recycle an outfit and freshen it up with bold accessories – the eighties also have a big influence here. Think bright, glam and bold…okay, not flawless gargantuan emeralds, but you get the idea.

Other statement earrings seen on the catwalk were Chanel’s Mademoiselle offerings and Louis Vuitton’s colorful beads.

By now, nearly every publication in the world would have discussed the red carpet’s offerings on Sunday night, and perhaps as a nod to the state of the world economy, the consensus was that this was definitely a somber night for Hollywood fashion.

Blacks, white and neutrals were the prevailing tones of the evening, with very few eye-catching colours stealing the scene. Heidi Klum’s Roland Mouret gown in a startling red had the colour, but was a dissapointing choice as it just looked like it was chopped off rather akwardly in all the wrong places. Her hair also looked like it was having a bad day, limp and greasy. Slumdog Millionaire’s Frieda Pinto was another one of the few who dared more colour in a blue John Galliano dazzler paired with Jimmy Choos.  I’m not a huge of of one-armed designs, but I have to say the Freida looked very stylish.

Here’s the London Times 20 Best and Worst:

The Best

1. Marisa Tomei – She looked toned, tousled and terrific in her white Versace gown with more folds than an accordion. Its one-shoulder design showed off her perfectly refined deltoids, it clung sexily and its intricate pleats were interesting not fussy.

2. Viola Davis – While she didn’t win best supporting actress, the veteran actress channeled old Hollywood style and made sophistication look easy in a dusky gold Reem Acra.

3. Heidi Klum – The supermodel displayed her credentials with an architectural asymmetrical red gown, split to the thigh (she revealed on one pre-Oscar show that she’d had to ride over balanced on one bum cheek to accommodate her dress)

4. Taraji P Henson – Her strapless Roberto Cavalli off-white gown had irregular layers that gave it texture, set off brilliantly with a statement Fred Leighton necklace and a sleek hairdo.

5. Sarah Jessica Parker – We would expect no less from the era’s most high profile fashion plate: a Dior Haute Couture gown in “barely mint”. Plus, we had no idea her breasts were so big, or high.

6. Evan Rachel Wood – Her Art Deco-style gown in pale satin and chiffon was lovely and romantic, if a bit white-on-white against her pale skin and blonde hair.

7. Meryl Streep – With her bespoke Alberta Ferretti dress, the actress proves that you don’t need a hardbody and a skintight corset to look sexy. Just do way off the shoulder, upswept hair and a smile.

8. The Slumdog Millionaire children – The boys in dinner jackets, the girls in party dresses, all strike just the right note. Not too fancy, not too uncomfortable. And – it turns out – perfect for an appearance onstage.

The Worst

11. Beyonce Knowles – She was smokin’ once she changed into her red fringed and sequined leotard for her singing performance where she put Hugh Jackman to shame. But on the red carpet, her black gown with swathes of brassy gold flowers was off key.

12. Natalie Portman - Purple-pink Rodarte, with criss-crossing straps on the bodice interspersed with what looks like hundreds and thousands. Colourful yet somehow boring.

13. Melissa Leo – The actress, nominated for her role in Frozen River, wore a Badgley Mischka gown in a glum shade of brown and in a style that announced “my dad took me to prom”.

14. Marion Cotillard – Last year she won the Oscar for her role in La Vie en Rose and won accolades for her Jean Paul Gaultier “mermaid” dress. This year she looked ill at ease in her Dior dark blue and black gown – a mashup of sequins, tiered net and regret.

15. Angelica Huston – Angelica, why oh why? You have the cheekbones to pull off almost anything. Almost. But a grape gown with shoulder pads and something growing up from the hem? You deserve so much more.

16. Queen Latifah – A voice like honey, a dress like a Quality Street chocolate – shiny, unflattering and wrapped round with some kind of dark ribbon.

Oscar-winner, fashion-loser Kate

With the red carpet still warm after the biggest night in Hollywood (and gowns, after inaguration night) , the first reports by the fashion police have come in and the verdict has not been a good one for Hollywood glamour.

We can agree that it was Kate Winslet’s big night, after the English rose won her first Oscar for Best Actress.  Her YSL off-the-shoulder gown and uptight hairstyle, however, failed to win awards, and she was dubbed the “dominatrix” of the night.

Angelina de Vil

They were also spot-on, in my opinion, with describing Angelina as downright scary in her Cruella-esque Eli Saab.  What is it with Angelina these days? In spite of having the hottest boyfriend around, an assortment of lovely, healthy kids and a kicking career, the Changeling star is rarely ever seen smiling, and is definitely going south in terms of weight. Sorry to be cliched, but I have to compare to Jen Anniston, who, was overheard backstage whispering adoring words of love to her man, John Meyer, “I really love you, every part of you”

On the lighter side, other stars donned white, cream and other saintly shaded gowns, some hitting and others missing in terms of fashion wins.  Penelope Cruz was definitely a winner in my book in her gorgeously embellished Vintage Balmain, as was Anne Hathaway in her elegant shimmering dress by Armani Prive.

MC Hammer, Aladdin….yes, “those” pants, also known as genie pants made famous by the 80’s rapper and magic carpet enthusiast.  While they were seen as early as last fall, most notably on the rather scary Naomi Campbell in her sparkly YSL’s, the Spring collections have definitely been awash by the poufy pairs- tapered at the bottom and seen in a variety of fabrics and lengths.

In the photo are some made by Ralph Lauren, who has managed to pull off a combination that I can’t see anyone else doing – Indiana Jones meets MC Hammer in Vegas? But hey, it works and looks incredibly chic to me even if I just don’t see myself wearing these harem pants however “IT” their status is.

If you do decide to take the plunge, shorter lengths tend to be more flattering when paired with a fitted top. Cropped tops also go really well with Harem pants if you are daring, or if you have killer abs to show off!

Yes, the world’s finances are in turmoil, so it’s a bit of a welcome escape that Paris Haute Couture week has begun. Instead of the usual Bois de Boulogne, it was lavishly held at Versailles no less, in the Orangerie. Which is, by the way, a sort of fancier conservatory or greenhouse, called so by the fashionable folk from the 17th to 19th century.

As it was Dior’s 60th anniversary, Galliano, resplendent in his Matador-inspired ensemble, went all out to express, or rather, show off his creative genius by a collection that was a tribute to his art collection – where the silhouette and embellishments echoed the inspiration and technique of history’s great artists. People expected him perhaps pay homage to Dior’s beginnings – the full skirted look of 1947, but instead he surprised and delighted the audience with his clever choice of theme.

“...A black-gloved Gisele Bundchen, with arched eyebrows and exquisitely judged beauty spot, represented Irving Penn; a model in a jacquard suit and black venetian mask referred to Picasso’s blue period. Angela Lindvall wore a Monet-inspired gown on which pale green leaves and pinkish white petals were stitched as lilies on a pond, while Degas was referenced in a simple ballet-slipper toned dress with tiny block shoes woven into the model’s hair….“

It’s the most wonderful time of the year – yes, ladies, it’s Sale Season!! If you’re a serious shopper (and bargain hunter) like me, it’s time to get some real damage done (as in credit card- but remember, its a bargain!),  and hopefully set yourself up with some terrific pieces for the year ahead.

Here are 5 tips to get the best deals and have a blast doing it:

1. Be An Early Bird – The cardinal rule in shopping, whether it be for a designer sample sale or at your farmers market for organic veg.  My sister, who works nights, does her grocery shopping at 7pm and always ends up with the lousy produce.  Duh? If shopping for shoes especially, the size 7 and 8’s are gone in a flash if you aren’t early. So set that alarm early ladies, it pays.

2. Make Time – You need time and patience to do a good shop. Trust me, a frenzied trip to a sale on your lunch break is not a good idea.  Clear your schedule for a couple of hours of good, solid shopping time. And do go through the items with patience, no matter how haphazard presentation may be – remember, amidst the polyester there may be some cashmere.

3. Grab as You Go- When scouring a sale, grab items that take your fancy, then edit later.  If you hesitate and think that you can “come back for it later”, chances are it will be gone.

4. Dress Appropriately – Yes, you should always look stylish, but when I’m on a serious shopping trip I like to dress for ease in the changing room.  A pair of tight, skinny jeans, for example, is a nightmare to take on and off in the changing room, as are shirts with too many buttons or other fiddly bits. You want an outfit that is easy to throw on and off when trying on multiple items of clothing.

5. Be Resourceful -Be friendly to sales staff at your favourite shops and they are likely to keep you in the know – when new sales stock is coming in, what may be hidden in the stockroom etc.  Online is also a good place to hunt for bargains when you just can’t face the crowds any longer.  Some good options are:

Designer Warehouse Sales

Shop Bop

Secret Sales

In 2008, the words that spoke out in the world of fashion were Stars and Stripes, Saint Laurent and Sales. Stars because the fashion trends of the year almost always kick off on the 16th of January, also known as Kate Moss‘ birthday, where the erstwhile 30something waif partied like there was no tomorrow (and indeed there wasn’t as the party lasted 3 days) in her star-studded Chanel jumpsuit, with matching makeup no less. Needless to say stars, Chanel and jumpsuits were deemed stellar sellers for the year.

June saw the low point in fashion, with the passing away of Yves Saint Laurent, age 71, style icon extraordinaire, who pioneered much of what we see in fashion today.

The Stars made their appearance again, with Stripes this time, in the form American politics, what with a new fashion star on the rise, the then democratic candidate’s wife, now First lady-elect, Michelle Obama, whose statuesque figure and flair for style were a breath of fresh air in Washington after the boring Bush wives. Through the primaries (that seemed to last forever) and the interview where she charmingly said she fancied online shopping at J Crew to election night when she wore THAT red Narciso Rodriguez dress, the words Jackie O were on everyone’s lips, which in my book is the ultimate compliment.

And finally, one can’t deny the new depression-era feeling that is hitting the world, given the current financial crisis everywhere. If the past decade saw the words “excess”, “IT” and “luxe”, it looks like 2009 will be quite the opposite. Recyle, be thrifty and make the most out of the sales!

I suppose it makes sense when you think about it, with those pencil skirts, high-heeled stilettos and trademark tight-lipped facial expression.  Posh Spice once claimed that she never even owned a pair of flats, but was busted this summer when she was caught in flip-flops at Disneyland. Far from dressing like a relaxed Californian since her move to the States, Victoria has gone the other way, dressing more un-laid back like ever before in tailored, tight pieces that scream “uncomfortable”.

When asked about this change in style,  the Essex-born Victoria told Company Magazine in an article out this week:

“It hasn’t, not at all. I am very British in my style. Think school teacher…..I love pencil skirts and fitted blouses, classic cut dresses and well fitted jeans mixed with classic tailoring.”

Hmmm. Having lived in the UK, I can honestly say that most British girls are actually some of the most relaxed dressers I know, bordering on the scruffy, especially if they spend a lot of time in the Country. Victoria, I believe has a style of her own, purely made for the pages of the tabloids.  Why the woman sold 400,000 copies of her book on fashion, The Extra Half an Inch is completely beyond me. The Guardian newspaper sums it up rather perfectly.  Here’s a bit of it:

I have no qualifications to write this book; that’s why I’ve got someone else to do it for me. But let me share my insights anyway. First I’d like to knock something on the head. The idea that, once you have a bit of money, you start wearing couture and stilettos all day and live on caviar and champagne is just nonsense. They’ve both got far too many calories.

My own inspirations come from Grace Kelly, Jackie Onassis and Giacometti sculpture, but this book is not my attempt to tell you what or what not to do. It’s my last chance to cash in on what remains of my fame before David retires.

I am grateful for the possibility of being close to Victoria’s credit card” – Roberto Cavalli.

These days it all seems to be about the impending holidays, from my friends’ dreading opening the “Christmas List” on Facebook, to stores and malls already decked out in Christmas displays, to signs everywhere telling me its time to shop, shop, SHOP!  Not that I need my arm twisted to do the latter, but it’s a fact of the holidays, and the sooner you start, the less overwhelming the season becomes.

So let’s start with footwear.  Whatever the occasion, be it a party for the office, with friends or a romantic rendezvous, a new pair of shoes will do wonders to put you in the festive mood.  Normally, the word dressy comes to mind, and we all know that dressy usually equals = heels. Yes, we all feel sexier in them, but I’d say that the average woman, would most welcome a break from them – but only if the affair does not entail having to wear a long gown.

Flats, or should I say, “dressy pumps” are perfectly acceptable for all your December affairs, provided they are dressed up with the required sparkly embellishments that scream “holiday season”. Take these oh-so-pretty silver be-jewelled flats ($100) from Zara pictured above.  Unless you’re truly vertically challenged, they should take you through most of the season in relative comfort and safety (think slippery, wet roads due to climate change), and the object of envy from your friends and colleagues in their sexy but pain-inducing (and expensive) golden Jimmy Choo heels. Or for a more flirty look, I’d go for these sweet pink sequined Kate Spades, on sale from $275 to $165 at ShopBop.

While dressy thongs are okay in the summer months, I’d stay clear of them in the holiday season, whether or not you live in a warm climate. I just feel too much foot doesn’t work this time of the year, in the evenings at least.