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For all the fashionistas out there, it’s our favorite time of the year! Some have called it the “The Oscars of fashion.” Last night, both newcomers and icons in industry were recognized and rewarded for their contribution to American fashion at the CFDA Awards. Here are last night’s winners:

Swarovski Award for Accessory Design: Rachel Mansur and Floriana Gavriel for Mansur Gavriel

Swarovski Award for Womenswear: Rosie Assoulin

Swarovski award for Menswear: Shayne Oliver for Hood by Air

Accessory Designer of the Year: Tabitha Simmons

Menswear Designer of the Year: Tom Ford

Womenswear Designer of the Year: Ashley Olsen and Mary-Kate Olsen for the Row

International Award: Valentino creative directors Maria Grazia Chiuri and Pierpaolo Piccioli

-Media Award: Instagram

-Founders Award: Millard “Mikey” Drexler, CEO and chairman of the Board of J Crew Group, Inc.

-Geoffrey Beene Lifetime Achievement Award: Betsey Johnson

Photo courtesy of footwearnews.com

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Photo courtesy of Vogue.com

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Photo courtesy of zimbio.com

As always the fashion competition was on point last night, from plunging necklines to crop tops and polka dots. Check out our favorite looks from last night and let us know what you think!

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Photo courtesy of huffingtonpost.com

-By Haylie Born

Downtown Magazine