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Lionel Richie and Quincy Jones are re-teaming for a remake of Michael Jackson’s 1985 charity song “We Are The World” to benefit Haitian relief and the list of talent is impressive! Lady Gaga and Bono are the latest stars to join the chorus of singers including Jennifer Hudson, Miley Cyrus, Usher, Carlos Santana and Jason Mraz. “Everyone who is collaborating on it is really talented,” Cyrus told us. Just this morning Nicole Richie tweeted about the project: “I was 4-years-old in a studio watching my dad record We Are The World, & today I get to do it again. Excited to make a change.”

At last night’s Grammys, Kristen Bell flashed a brand-new ring from her long-time beau (and When in Rome costar) Dax Shepard. “Yes they are engaged. Over the holidays,” her publicist Marcel Pariseau confirmed to People. As we await details of the ring, we can only wonder if the dark-hued solitaire will trigger a trend for colored stones. Either way, Dax clearly has excellent taste in gems (and in girls)!

Bring on the artistry! Donna Karan tells us that DKNY’s Fall 2010 collection is inspired by “modern collage.” Visit our Designer Central on February 14th to view the full collection.

Check back daily until the first day of fashion week (February 11th) for more exclusive sketches.

This year’s Sundance Film Festival didn’t disappoint, offering a range of great films and buzz-worthy performances. We enjoyed Ryan Gosling and Michelle Williams‘s heart-wrenching performances as a couple whose marriage is falling apart in Blue Valentine. And Tilda Swinton was brilliant in her first Italian-speaking role (there’s nothing this woman can’t do!) as the matriarch of a wealthy clan whose world gets turned upside down in I Am Love. More

She may not be schlepping garment bags for Rachel Zoe anymore, but that doesn’t mean stylist Taylor Jacobson is off the scene. She’s writing a blog for beauty brand Everyday Minerals, and pursuing her own styling career. In light of her new role, we asked the plucky fashionista a few beauty questions.

1. We love your signature dark polish—what shade are you wearing right now?
My signature shade is OPI’s Lincoln Park After Dark. I’ve worn it for the past four years.It’s a great almost-black burgundy. More

In a surprising move, dramatic dresser Lady Gaga collaborated with fashion legend Giorgio Armani for her Grammy wardrobe. Gaga wore an orbital gown, carrying a circle of silver spikes in lieu of a handbag, a bold-shouldered sea green creation with matching booties, and a sculptural silver sensation complete with lightning bolt headpiece. “The series of pieces Mr. Armani created for me are truly iconic; they represent not only beautiful fashion, but my spirit and essence as an artist.” Gaga said in a statement. Armani is a fan too: “We hear Lady Gaga’s music everywhere we go. It is like a soundtrack of our times,” he said.

Karl Lagerfeld presented the Best International Actress prize to Diane Kruger at Germany’s Goldene Camera Awards on Saturday. Dressed in a gold lace Valentino gown, the German beauty warmly embraced the designer as she accepted the honor for her role in Inglourious Basterds. Other winners at the annual ceremony included Richard Gere, who received Best International Actor, and Danny DeVito, who picked up the Lifetime Achievement award.