Marchesa‘s Georgina Chapman and Keren Craig—also newly minted  InStyle contributors—really outdid themselves for their Spring 2011 presentation yesterday, showing off incredibly ornate Oriental-inspired gowns (standout: the blush laser cut sculpted gown, above right) featuring horsehair, tulle, feathers and lace. Jessica Szohr and Olivia Palermo oohed and aahed at the fairytale of dresses, modeling a couple of knockout looks themselves. Click through the gallery below for all the need-to-know news, trends we are loving now, plus our take on the hottest moments from New York Fashion Week!

See all the stars in the front row.

See all the Spring 2011 collections.

—Joyann King, with reporting by Heather Viggiani