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The Great Gatsby, Tobey Maguire, Leonardo DiCaprio, Carey Mulligan

Warner Bros

Not only did Tiffany and Co. design the jewelry pieces worn by Carey Mulligan in The Great Gatsby, the brand has also released a special collection of Gatsby-pieces for movie-going fashionistas. But donning bling isn't the only way to channel Daisy Buchanan's style—the movie's lavish costumes provides countless roaring '20s inspiration. Some celebs are even modernizing Gatsby-style with DIY ideas.

One of the easiest options? Hair flair. While Daisy sports diamond, pearl and silk headpieces in the film, there are plenty of budget-friendly alternatives such as lace and rhinestones.

For more Gatsby excitement, visit E! Online Wednesday at 6 p.m. ET / 3 p.m.  PT.—we'll be livestreaming red carpet arrivals from the movie's premiere in New York City.

So how to pull off an updated effect? Check out our gallery of celebs donning The Great Gatsby-inspired styles.

PHOTOS: The Great Gatsby-inspired fashion