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TWO-FOR-ONE DEAL: Sandra Bullock found a way to look glamorous and give back at the same time. After wearing a Bochic bangle to the Screen Actors Guild Awards last month, the jewelry firm will auction the $5,250 Bakelite, gold and diamond bangle to benefit Charity: Water. The auction is part of the jewelry firm’s initiative to dress celebrities on the red carpet. The company will auction off anything worn by a celebrity in 2010, starting with the Golden Globe Awards, and will donate all the proceeds to both Charity: Water, an organization that helps bring clean drinking water to people in developing nations, and Nanhi Kali, which is dedicated to educating underprivileged Indian girls. “We derive so much of our creative inspiration from regions such as India, and in a small way, we hope to enrich their lives as much as they have our own,” said Bochic founder David Joseph, who also designs the collection along with Miriam Salat. All proceeds will be handled and delegated by Executives Without Borders, Bochic’s philanthropic partner.