Schwartz had designed Lively's wedding ring.
The couple asked artist Ashley Longshore to capture Schwartz's pet, a Yorkshire terrier, on canvas and handed it to her as a festive offering, reports hollywoodreporter.com.
In the portrait, the pet, which was gifted to Schwartz by singer Beyonce Knowles, is dressed like a nun, wearing gold pieces from the jeweller's bestselling line.
Lively and Reynolds reportedly own six Longshore works, including one of Kate Moss as a nun.
--IANS (Posted on 07-01-2014)