According to a source, socialite Olivia Palermo’s longtime dream of having her very own jewelry line is finally coming to fruition this summer. “I think she chose her favorite pieces from a selection,” said this person. “I think that it will bear her name, and of course she will be the face of it.”

Ms. Palermo was slightly less definite about these plans when reached by the Transom. “I might want to do a jewelry line,” she said. “I’m very into vintage and Art Deco.”

Also! Socialite artist Eneas Capalbo is releasing his second book of portraits, published by Valentino, later this month. In May, they will be on display for a night at the designer’s boutique on the Upper East Side, and the artist is planning on having several private dinner parties to celebrate.

“I’m interested in portraits because I like to have a keepsake of my friends,” said Mr. Capalbo. The new book is a batch of fresh (if well known to the upper crust) faces, including Andrea Casiraghi, Violetta Caprotti, Baroness Marion Lambert, Marjorie Gubelmann and Fiona Scarry—a slightly more Euro bent than before, the artist allowed. “It just happened like that,” he said.