Credit: Michael Kovac/

From Fashion Police to fashion designer!

Giuliana Rancic, who's a fixture on the red carpet and a style critic, announced this week that she's launching a clothing and handbag line for HSN.

The collection will include up to 12 pieces, including a deconstructed faux leather jacket, as well as three handbags, and is slated to debut in January.

"Everything will probably be around $50, so very reasonable," the E! News anchor and star of Giuliana & Bill tells WWD.

Despite the affordable price points, Rancic's dream client is Gwyneth Paltrow, who is known for her incredibly chic, yet wildly expensive taste in clothes.

"She has great style that's not fussy and that's what we're going to do."

Tell Us: Would you wear something from Giuliana's line?