5 Gifts for the Royal Baby

Updated with information on the royal birth

NEW YORK ( TheStreet) -- The arrival of the royal baby is imminent -- the Duchess of Cambridge has been admitted this morning to St. Mary's Hospital in the early stages of labor, according to a Kensington Palace spokesman -- but it's possible you still haven't purchased your gift for the future King of England.

Although some may think that a monarch doesn't necessarily need a gift, it's the thought that counts. Plus, you wouldn't want to anger the royal family by ignoring the blessed event.

One doesn't need to go over the top with diamond encrusted pacifiers; if I have no desire to suck on metal why would a baby? That crystal-studded high chair would be hard to clean the porridge out of, so skip that.

No, TheStreet has very practical, yet sufficiently tasteful and luxurious gift suggestions for the newest little prince. . . .

While the new monarch is sure to inherit castles and crowns, it can't hurt to teach him a little fiscal responsibility. He can drop his pence into this sterling silver piggy bank from Tiffany's ( TIF). It will look right at home in any of the family castles.

Perhaps the Queen will sneak him some money from that handbag she always carries. He can then save up his sterling in case he ever needs it for a rainy day. His mom doesn't work and his dad is in the military, so it doesn't hurt to save.

Plus the bank is made of silver so if times got bad he could sell it. This will set you back about $1,900, but it is Tiffany's.

Every child loves a teddy bear and this bear is knitted from cashmere. It comes from Ralph Lauren ( RL) and is described as being crafted from luxuriously soft cashmere with a refined cable knit and finished with a scarf.

It comes in four colors and only costs $295. The facial features are hand-stitched and its over 12 inches tall. You certainly don't want to take any chances with synthetics and if the royal child gets it dirty, there are plenty of servants to clean it up.

With all this attention on the baby, the Dutchess of Cambridge is sure to feel a little ignored. Every new mom loves to get a present for herself. After nine months of pregnancy, you don't mind getting a little gift.

This Louis Vuitton (LVMUY) baby rattle charm makes an ideal birth gift. The pearl spins and the handle is the signature flower shape. It comes in yellow gold with six pink, violet and red sapphires. Or you can get the white gold version with two diamonds and four blue sapphires. It retails for $4,800.

On a budget, but still wanting to get something nice? Nordstrom's ( JWN) advertises free shipping and free returns. You can get a Burberry Quilted Jacket for $125.00. We all know England isn't known for its warm and sunny weather, so this is a very practical gift.

Plus, Burberry is an iconic British brand. The classic plaid pattern lines the jacket for a pop of style and the best part is that it is machine washable.

Finally, babies always need a good diaper bag for their caregivers. Whether it's a nanny or the Dutchess herself watching the little tyke, Kate Spade ( FNP) is known for turning diaper bags into a stylish fashion forward accessory. Just because you have a baby doesn't mean you have to be frumpy.

It's made of nylon and features stroller straps, a changing pad and a pacifier pouch. This bag will match everything with its black and white stripes, but the inside is an eye-catching red. At $418, it isn't exactly a small purchase, but Zappos will ship it for free.

-- Written by Debra Borchardt in New York
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.