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CNN Live Today

Preparations for Academy Awards Under Way

Aired March 21, 2002 - 14:46   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
BILL HEMMER, CNN ANCHOR: Hollywood is getting ready to honor its best work. On Sunday night, the Academy Awards comes your way. As always, the big night seems almost as much about glamour as glory. And that means from head to toe. Daryn Kagan, out in Beverly Hills.

And, Daryn, I saw you a couple hours ago. At the time, you had $1.4 million worth of jewelry. Good afternoon to you. How goes it?

DARYN KAGAN, CNN ANCHOR: Good afternoon. Not a bad assignment. They send you to Kandahar. They send me to put on a million dollars worth of jewels. Not a bad gig.

Speaking of big money, I want to show you this. We're talking shoes, and we're talking shoes with Stewart Weitzman, one of the top shoe designers in the world. You're going to see a lot of Stuart Weitzman on the runway, but there's one pair in particular that will catch a lot of eyes.

You have designed a million-dollar pair of shoes.

STUART WEITZMAN, SHOE DESIGNER: That's right.

KAGAN: And, for the first time. No one has seen them. This is the first time. You're going to unveil them here on CNN.

WEITZMAN: I don't think there's ever been a pair made like this before.

KAGAN: Let's not waste any time. Let's see. What makes -- wow! Now, explain to us what we're seeing, besides an incredibly beautiful pair of shoes.

WEITZMAN: You are looking at the first platinum pair of shoes. And that's out of a material that had to be hand-made for us by the Platinum Guild.

KAGAN: Get to the diamonds.

WEITZMAN: Then you're looking at the diamonds, 464 of them. And they weigh about 65 karats. They were made by Kwiat Diamonds for me, a perfect design for this shoe. And they actually are a bargain. You may not think a million-dollar shoe is a bargain. But this shoe, after you wear it, you can turn it into bracelets, necklaces, and naval drops. KAGAN: That's true. And some actress will be wearing this on the red carpet, although you won't tell us who, yet.

WEITZMAN: No, I won't. But you'll see her Sunday.

KAGAN: Very good. And you'll be making a donation to charity in her name.

WEITZMAN: Of course, of course. Things like this always work that way.

KAGAN: Thank you so much. More of you in just a second. Now I want to go from shoes to handbags. Doesn't work just to have any old handbag on the red carpet. So we're talking to Timmy Woods, a designer who has come up with -- you like shapes. And you're inspired by the movies for your handbags.

TIMMY WOODS, HANDBAG DESIGNER: That's true. So, for instance, this was inspired by "Moulin Rouge."

KAGAN: This is a purse?

WOODS: This is a purse. You could get your wallet, your -- a very small wallet.

KAGAN: A little cell phone, maybe.

WOODS: Very small cell phone, credit cards and mad money.

KAGAN: But we're talking fashion, not necessarily being that practical, right? But enough to put what you need for an evening out.

WOODS: Exactly.

KAGAN: The other part that's interesting about your bags: It's not just enough to say, well, this is what we have, this is all of our inventory. If a stylist or star comes in and wants a different color, or perhaps more pizzazz to your bags, not a problem.

WOODS: Of course not. We can customize. And that's what we're going to do tonight and tomorrow. We'll be able to rhinestone, we'll be able to hand paint, and we'll also be able to dye to match.

KAGAN: So if they come and they have some wild gown...

WOODS: We know they're going to come in at the last second, right? And they're going to say, we would like this in orange and purple. Well, we'll be prepared to make it orange and purple.

KAGAN: You're ready for them.

WOODS: I am ready.

KAGAN: I saw that that one pair of Stuart's shoes was worth a million dollars. Of course, that's just one pair. What do your bags run, for people who are collecting? WOODS: Mine average between $225 to $1,000.

KAGAN: So still a little high end.

WOODS: Yes.

KAGAN: All right, very good. Billy, here's your surprise. I know -- well, fashion isn't exactly your thing, and women's shoes. But I found a way to explain women's shoes to you. And, Bill, this is for you. This is Makayla and this is Ingrid. And they have...

HEMMER: Hello, Makayla. Hello, Ingrid.

KAGAN: Bill is saying hello. Suddenly he has an interest in women's shoes.

HEMMER: I'm just watching. You guys keep going.

KAGAN: Suddenly, Stewart, Bill wants to hear more about the shoes.

WEITZMAN: I don't know, does he really want to know about the shoes?

HEMMER: Stuart, I'm a 10D, by the way.

WEITZMAN: The right shoes will make any outfit.

KAGAN: Yes. And suddenly Bill has an appreciation for Oscar fashion.

Bill is telling you what his size is. But, Stuart, you don't do men's shoes, do you?

WEITZMAN: No, but we'll make a men's shoe in a high heel if he'd

HEMMER: 10D, Stuart.

KAGAN: 10B?

HEMMER: 10D. In case he's got some spare time on his hands.

(CROSSTALK)

HEMMER: No, it's not wide. It's pretty normal.

KAGAN: That's wide.

HEMMER: Hey, listen, tell Ingrid and Makayla hello there, and very nice.

KAGAN: I will. Very good. We're here to please, Bill. And just to craft the story, you're the only one who had these lovely ladies for the live shot for your show.

HEMMER: Thank you, Daryn. You're always taking care of me. KAGAN: Enjoy D.C. Good to see you.

HEMMER: You got it. We'll see you Sunday night. Actually, we'll see you tomorrow a little more, right?

KAGAN: Yeah, tomorrow I'll be with you. We'll actually be at the Kodak Theater, where the Oscars will take place for the first time. We'll will talking awards, not just fashion. And then of course, Leon Harris and I will be on the red carpet on Sunday, at about 7:00 p.m. Eastern.

HEMMER: Enjoy. Thank you, Daryn.

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