PHOTOS: The Best Red Carpet Looks From Last Night's CFDA Fashion Awards

Mary Kate Ashley CFDA

Photo: AP

On Monday evening, designers and their celebrity dates gathered at Lincoln centre for the 2012 Council of the Fashion Designers of America Awards (CFDA).The awards honour excellence in womenswear, menswear and accessories as well as extraordinary accomplishments in journalism, creative vision and lifetime achievement.

Mary-Kate and Ashley Olsen took home arguably the top prize of the night: Womenswear Designer of the Year for their luxury label The Row, while Billy Reid won Menswear Designer of the Year and Tommy Hilfiger accepted his Lifetime Achievement Award by profusely thanking his wife, Dee.

And while the designers were the stars of the evening, they were almost upstaged by their celebrity dates including actresses Zoe Saldana and Lily Collins. Almost.

Actress Lily Collins, in Marchesa, helped designer Phillip Lim celebrate his Swarovski award.

Padma Lakshmi, wearing Naeem Khan, was accompanied on the red carpet by the designer himself.

Model Joan Smalls rocked an ivory Michael Kors gown from the designer's pre-fall 12 collection.

Actress Zoe Saldana looked stunning in this Prabal Gurung dress from the F/W 12 collection.

Actress Jessica Chastain looked lovely in a Prabal Gurung dress and Nicholas Kirkwood for Prabal Gurung heels.

Anna Wintour, wearing a Marc Jacobs dress and Manolo Blahnik heels, kept on her signature shades indoors.

Julianne Hough in a scarlet-coloured crepe gown by Kaufman Franco.

Model Hilary Rhoda looked statuesque in this cut-out Rebecca Minkoff gown.

18-year-old Dakota Fanning chose a grown up Proenza Schoulder brocade dress and tie-front booties from the F/W 12 collection.

Rachel Zoe, in head-to-toe sequins, with husband Rodger Berman.

Model Jessica Stam makes a funny face while wearing a Jason Wu gown.

Kate Bosworth was one of the evening's best dressed in this Altuzarra Laal Dress and Rossi for Altuzarra black velvet ankle cuff pumps.

Victoria's Secret model Candice Swanepoel looked sweet in a Valentino dress and Brian Atwood heels.

Sophia Bush went bold in a David Meister Signature dress with Lorraine Schwartz jewelry.

Mandy Moore opted for a sleek look in this Lela Rose gown.

Actress Kyra Sedgwick wore a Reed Krakoff lady suit. Mrs. Kevin Bacon attended the event with the designer himself, who picked up the award for Accessory Designer of the Year.

DJ Solange Knowles went more conservative in a Marni dress.

Diane Von Furstenberg wearing her own design.

Model Karolina Kurkova also wearing Diane Von Furstenberg.

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