Best Graduation Gifts 2012

Graduation is a major milestone in any girl's life — it may also be the moment in time where the lavish gifts she's dreamed of become a reality. With that in mind, we're turning our attention to the kind of gifts that are smart, sweet, and a little luxurious. If ever there were daydreams of covet-worthy bags or iconic fashion statements, these are the gifts that are sure to reward all your grad's hard work. From artwork perfect for her very first apartment to a pair of earrings she'll wear with everything, we guarantee these 10 finds reflect the sophistication and smarts of the graduate you're gifting. Click on to see and shop our favorite pieces (some of which topped our own editors' grad wish lists).