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Glam Media, that digital-ad company that keeps expanding beyond its original base of celebrity gossip and fashion, has launched a new section: Glam Luxury, targeting high-end brand enthusiasts and the ad dollars that love them.

At launch, the headlining advertiser is (you guessed it), Swarovski, the jewel manufacturer that spawned a zillion awful iPhone cases.

So far, there are 35 participating sites geared toward affluent audiences that have agreed to be part of Glam Luxury and run its ads in exchange for some perks, like syndication in a Glam e-newsletter and access to a revenue-sharing video platform. Among the third-party sites are BlackBook.com, Travels in Taste, and Luxique, as well as existing Glam participants such as Apartment Therapy and Refinery 29.

It might seem a little bit silly, even tasteless, to be launching a luxury brand ad network in the face of a serious economic crisis, but Glam’s stance is that Glam Luxury should actually help. Pinpointing audiences still willing to splurge on jewelry, handbags, and vacations, the company said, will be financially efficient and ultimately help profits.

“Glam Luxury is more relevant for luxury marketers than ever before,” Joe Lagani, Glam’s vice president of brand sales, said in a release. “The words, images, and thoughts that surround a luxury brand must reflect the current times, with a speed and adaptability the high-end marketer requires. Glam Media provides marketers with the right audience, environment, and reach, and enough flexibility to change with marketplace dynamics.”

But perhaps in a sign of economic belt tightening, Glam hasn’t hired a new “editor” for Glam Luxury, as it has with new content areas launched in the recent past. Instead, Glam Living’s editorial director, Erika Lenkert, will oversee Glam Luxury as well.