FAE RETHINKS VEGAS: Las Vegas will become a one-show town for the Fashion Accessories Expo, which has dropped its February edition there and will run only an August event.

Last year, Conference Management Co., which produces the FAE, had made the announcement that it would run two Vegas editions annually in addition to the three shows it puts on in New York.

The February show did take place earlier this year but will not run again.

The FAE will run Aug. 28-30 at the Sands Expo Center, and will share the facilities with several other shows: LAS Vegas, a women’s apparel show; Splash, for swimwear; VM West, for visual merchandising; and a T-shirt and activewear show.

The WWD/MAGIC trade show will also be making the Vegas scene Aug. 28-31, featuring men’s wear in the Convention Center and women’s wear across the street in the Las Vegas Hilton.

FAE’s New York schedule will remain as planned with shows slated for Jan. 8-10, May 7-9 and Aug. 6-8.

DIAMONDS FOR DIFFA: Last Thursday night, the Fendi store in New York hosted a preview of a diamond ring collection that will be auctioned off to benefit the Design Industries Foundation Fighting AIDS (DIFFA).

The one-of-a-kind diamond rings will go on the block at a dinner benefiting DIFFA in New York this Thursday. Each was designed by a leading name in the fashion industry — Fendi, Calvin Klein, Ralph Lauren, Donna Karan, Richard Tyler, Todd Oldham, Carolina Herrera, Gianfranco Ferré, Angela Cummings, Robert Lee Morris and David Yurman — and crafted from one-carat diamonds and precious metals donated by jewelry retailer Bailey Banks and Biddle.

The jewelry was on view at a cocktail party, held in observance of World AIDS day, at Fendi’s Fifth Avenue store. On hand were Paola Fendi, one of the luxury goods company’s directors, as well as two of the designers who created the one-of-a-kind rings, Morris and Cummings.

One thing missing from the event, though, was one of the rings.

The piece designed by Lauren was stolen Wednesday from the company that manufactured the rings, Ryan Bao.

“It disappeared at around 1:30 p.m. on Wednesday,” said Alain Bao, one of the owners of the firm, which is at 180 Varick St. and King Street in New York. According to Bao, the theft is currently under investigation, although as of last Friday a spokeswoman for the First Precinct said the case had been closed.

Bao said that his firm will have another Lauren ring ready to go for the DIFFA benefit, which will be held at the Waldorf-Astoria hotel. All proceeds of the auction will go to DIFFA, which is celebrating its 10-year anniversary.

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