Cocktail rings add elegance and glamour to any ensemble. Celebs like Catherine Heigl and Jamie Lynn Sigler rock them on the red carpet (above), but you don’t need a formal event to show off your bling. Cocktail rings can make a simple outfit, like a sweater with jeans and heels, pop as well.

According to WiseGeek.com, cocktail rings became popular during US prohibition. At cocktail parties, they flaunted the fact that women were drinking illegally (but fashionably). Prohibition is no longer in effect (thank GOD), but big, bold cocktail rings are still in style. And we are grateful.

For most rings, the bigger the stone the better. You want to draw attention to it! However, to keep it from looking ridiculous if you have small hands, search for rings that don’t extend any farther than the bottom of your knuckle. And while most people wear cocktail rings on their right ring finger, they look chic when worn on your index finger, too.

Don’t blow all your cash on a cocktail ring, though! You can find fake stones for almost nothing, and many real stones for under $200, if you feel like a splurge. Here are some rings that fit every budget: