Re: Gifts suggestions for 1 year old?
Why not give her a savings bond for college? Since she is only one now, that will give it plenty of time to mature. The parents will commend your foresight and your cousin will really appreciate the gift when it comes time to pay for college.
If you insist on something tangible, why not get her a personalized gift?
Oh, and if you really want to splurge, I saw a gorgeous, baby panther, sterling silver rattle at Cartier. So pretty and definitely something to cherish.