Jewelry and fashion design were honored last night in New York at the hottest ticket in town – The CFDA awards (aka The Fashion Oscars). While fashionistas like Jessica Biel, The Olsen Twins and Anna Wintour came out in couture classics, it was Gwenyth Paltrow who stole the show in my book. Appearing arm and arm with Michael Kors, who was given the Lifetime Achievement Award, Gwynnie channeled Grace Kelly glam in a long, black paillette one shoulder Kors gown and simple diamond Fred Leighton drops. Now THIS is the way to wear black (see my earlier boring black rant for more)! Coming in a close second was Sarah Jessica Parker, who was there to pay tribute to the late Alexander McQueen (one of my all-time favorite designers). McQueen, who committed suicide earlier this year, had one last line in the works, including this dress SJP wore to the event. And her Stephen Russell jewelry was pitch perfect – stunning diamond cluster earrings and a series of statement bangles (one of her favorite looks of late). Check out Jewelry.com today for a roundup of the night’s big winners, including the fab Alexis Bittar who took home the Accessories Designer of the Year award.