L’Oreal Red Carpet Compact

L’Oreal and Kwiat, one of Hollywood’s favorite diamond jewelry companies, have teamed up to design th he L’Oreal Paris 2008 Red Carpet Compact that will be presented to the Golden Globes’ female nominees in all categories.

However, the compact is not just for the stars. The compact will be available for purchase at L’Oréal Paris retail stores for around $50, with 20 percent of the retail sale price going to the Ovarian Cancer Research Fund (OCRF).L’Oreal Paris has also commissioned a limited edition gold and diamond version of the Compact, valued at $4,900, to raise additional funds for the OCRF. Two of these compacts will be listed for sale through eBay Giving Works. The compacts will be auctioned on www.ebay.com/lorealparis beginning January 4 through January 14 with an opening bid of $500.