The Top Looks on the Red Carpet at Fashion's Oscars

From Gaga's green hair and custom Mugler gown to Karolina Kurkova's sequin jumpsuit, these were the can't-miss looks on the red (well, purple) carpet at the CFDA Awards.

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NEW YORK, NY - JUNE 06: Ashley Olsen (L) and Mary-Kate Olsen attend the 2011 CFDA Fashion Awards at Alice Tully Hall, Lincoln Center on June 6, 2011 in New York City. (Photo by Larry Busacca/Getty Images)
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The CFDA Awards are the equivalent of the Oscars in the fashion world, and bring out a commensurate amount of red carpet fanfare. This year, the peacock with the most plumage was undoubtedly Lady Gaga, who received the honorary Fashion Icon award in a turquoise wig and a custom Mugler dress.
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Designers Jack McCollough and Lazaro Hernandez of Proenza Schouler took home the evening's top prize -- the award for Best Womenswear Designer of the Year. Here, they pose pre-ceremony with Liv Tyler, who wore one of the label's colorful cocktail pieces.
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Vogue editor-in-chief Anna Wintour wore a trim ensemble by the designer honored for Lifetime Achievement, Marc Jacobs.
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Ashley Olsen and Mary-Kate Olsen, who were nominated for their work on fashion line The Row, wore disparate pastel and metallic outfits, but made sure their label's soon-to-debut handbags were front and center.
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Kanye West, who presented Celine creative director Phoebe Philo with the International Award, chose a crisp white jacket paired with rather casual jeans.
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Model (and wife of Orlando Bloom) wore a slit-up-to-there dress by Michael Kors.
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Supermodel Karolina Kurkova rocked an emerald-green jumpsuit, paired with strappy Louboutin stilettos.
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Kirsten Dunst opted for a more boyish look -- wearing a suit created by menswear designer Patrik Ervell.
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The ever-chic creative director of Vogue, Grace Coddington, paired her long red mane with a simple, black-and-white frock.
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Bergdorf Goodman's Linda Fargo boasted one of the most talked-about looks of the evening -- a bright orange suit.
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Actress Jessica Alba also embraced a bright orange, choosing an orange-and-purple color-block dress for the occasion.
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Designer Erin Fetherston went for neutral and frilly with this little mini-dress, accentuated nicely by bright pink lips.
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Model Hana Soukupova sported a spectacular, frothy dress from Marchesa's Spring 2011 collection.
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Model Alessandra Ambrosio arrived on the arm of Prabal Gurung, who also designed her jaw-dropping red dress. On the red carpet, Gurung admitted the dress wasn't "easy" to pull off, but said Ambrosio was a knock-out.
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Chloe Sevigny promoted her own collection at the awards, sporting a black-and-white ensemble with a down-to-there neckline from her line with Opening Ceremony.
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CFDA President Diane von Furstenberg said she wanted to wear Swarvoski crystals to the ceremony (Swarovksi being a major sponsor of the event), and incorporated them into a dazzling, short white dress.
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Designer Francisco Costa poses with Kerry Washington, who wears a simple white Calvin Klein sheath designed by Costa.
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Presenter Naomi Watts looked like sun-kissed perfection in a simple gold T-shirt dress.
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Model Liya Kebede also embraced the black-and-white trend, wearing a flowing white gown with a black slit up the side.
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Gerard Butler, who presented the top honor for menswear, opted for a black-on-black suit for the awards.
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Jason Wu dressed It-model Karlie Kloss in a red dress from his label's latest collection -- Resort 2012.
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J.Crew's Jenna Lyons paired a slim sequin skirt in a bold shade of green with a boxy white blouse.
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Designer Donna Karan wore a neutral, curve-hugging dress of her own creation.
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Actress Lucy Liu sported a seriously formal black ballgown by designer Monique Lhullier.
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Model Chanel Iman wore an electric-turquoise dress by BCBG Max Azria with long sleeves that almost seemed to mirror the color of Lady Gaga's hair.
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Designer Zac Posen dressed model Sessilee Lopez in a figure-hugging gown that looked like the palest of gold.
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Actress Leelee Sobieski hit the purple carpet wearing the crispest of white suits, accentuated by a bright red lip.
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Leigh Lezark opted for a more subdued tone in this mustard-yellow gown.
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Designer L'Wren Scott wore a bold, yellow-and-black dress of her own creation.
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Designer Tory Burch was also a vision in yellow, accentuated by cheery polka dots.
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