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The fashion industry celebrated one of its biggest nights at the annual Council of Fashion Designers of America Fashion Awards, last night held at Lincoln Center in New York City. And there was no shortage of stars on hand to support their designer pals, including Dakota Fanning (in brocade Proenza Schouler), Lily Collins (in funnel-neck Marchesa), and Zoe Saldana (in Prabal Gurung). “I just wanted to be sexy and feel very womanly, and he wanted that, too,” the actress told InStyle.com of how she and Gurung collaboratively picked her look. “We don’t censor each other. We have so much mutual respect.” A newly-brunette Mary-Kate Olsen and sister Ashley walked away as the night’s biggest winners, when Jessica Chastain (in Prabal Gurung) presented the twins with the highly-coveted Womenswear Designer of the Year award for their label, The Row. “With the future of American fashion in such supremely talented hands, the next 50 years are going to be every bit as exciting as the last,” Chastain said. What a compliment! Visit cfda.com to who else won awards, and see more photos in the gallery.

What’s the latest from New York Fashion Week? Stacy Keibler and Jenna Dewan met up with their go-to red carpet designers Georgina Chapman and Keren Craig of Marchesa, Mary-Kate and Ashley Olsen took time out of their busy schedules to take in J. Mendel’s latest collection, and Ralph Lauren epitomized day-to-night glamour with his latest lineup. See these tidbits and more of the most exciting Fashion Week news in the gallery!

MORE FASHION WEEK:
• Celebrity TwitPics: Fashion Week
• Stars in the Front Row
• Designers’ Ultimate Fashion Advice