Kendall and Kylie Jenner to design jewelry line

(CBS) Kendall and Kylie Jenner are getting into the jewelry business.

The youngest members of the Kardashian-Jenner clan have struck a deal to design a line for Glamhouse, the fashion jewelry and accessories company owned by jeweler Pascal Mouawad.

The yet-to-be-named line will be geared towards teens and tweens, with items retailing between $20 and $70, the Glamhouse website states. The line will be available nationwide beginning in the fall of 2012.

"Millions of teenagers look to Kendall and Kylie for style advice, so they were truly a perfect fit for the company and I'm thrilled to partner with them," Mouawad said, according to People magazine.

Kendall, 16, and Kylie, 14, added in a statement: "We love accessories, and it's amazing that we're going to have our own line to be able to wear everyday - and for our friends to wear, too!"

The Jenners' big sister Kim Kardashian has a jewelry line for Glamhouse, called Belle Noel. The company is also the home of Nicole Richie's collection, House of Harlow 1960.