The Biggest Moments from the 2016 CFDA Awards

Image by Museum of FIT via Flickr   The CFDA Awards are the Oscars of the fashion world, and they happened on Monday night. The event was set in NYC's Hammerstein Ballroom and emceed by comedian Joel McHale. It was surrounded by a boatload of press, and the guest list was a who's who of the fashion and entertainment industries. Here is a rundown of our favorite moments, followed by a list of winners:  

1. Beyonce wore $9M worth of diamond Lorraine Schwartz jewelry (!)... go big or go home.  

A video posted by Beyoncé (@beyonce) on Jun 6, 2016 at 9:26pm PDT

2. Emily Ratajkowski 's black silk Jason Wu slip dress was so of-the-moment and was the epitome of simple glamour. 4. One of our favorite fashion duos, Dao-Yi Chow and Maxwell Osborne (of DKNY and Public School), walked the red carpet with Dwayne Wade and Canis Chow.

3. Olivia Wilde's baby bump was covered in a beautiful dark green Rosie Assoulin dress.  

My fancy @cfda date: the ultimate cool woman, @rosie_assoulin. THE most ferociously talented/kind/smart/hilarious person. She let me and my kid wear this awesome dress, featuring a window so the babe could clearly hear Beyoncé's speech. A photo posted by Olivia Wilde (@oliviawilde) on Jun 6, 2016 at 9:09pm PDT

  5. Donna Karan walked the red carpet with her daughter Gabby... we love seeing them together.    

And the 2016 CFDA Awards winners were...

Womenswear Designer of the Year: Marc Jacobs
Menswear Designer of the Year: Thom Browne
Accessories Designer of the Year: Mansur Gavriel
Geoffrey Beene Lifetime Achievement Award: Norma Kamali
The Founder's Award in Honor of Eleanor Lambert: Donna Karan
International Award: Alessandro Michele (Creative Director of Gucci)
The Board of Directors' Special Tribute Award: David Bowie
The Media Award in Honor of Eugenia Shepard: Imran Khanh (Editor in Chief of Business of Fashion)
Fashion Icon Award: Beyonce
Swarovski Award for Womenswear: Brandon Maxwell
Swarovski Award for Menswear: Orley
Swarovski Award for Accessory Design: Paul Andrew  

Let us know! What do you think about this year's award winners? Which red carpet look was your favorite?