Updated with information on the royal birthNEW 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. . . .