Make it work...with accessories!

Supermodel, actress and jewelry designer Molly Sims has signed on to host Lifetime's new Project Runway spinoff, Project Accessory, Us Weekly can exclusively confirm.

The 38-year-old -- currently engaged to Scott Stuber -- will be joined by two judges: designer Kenneth Cole and InStyle editor Ariel Foxman. The aspiring designers will be mentored by lifestyle expert Eva Lorenzotti.

Project Accessory will feature a dozen contestants who will create one-of-a-kind jewelry, belts, bags, shoes, headpieces and other wares through a series of challenges. The program will premiere in late 2011 and run for eight episodes.

Tell Us: Will you tune in to Project Accessory?