Lily Collins, Dakota Fanning, The Olsens, and many more came out for the fashion industry’s biggest event of the summer. Check out more photos from the CFDA Awards here »

From top model Joan Smalls to actress Lily Collins, see which style stars turned out for the 2012 CFDA Awards. Check out more red carpet photos here »

Jack and Lazaro at Proenza Schouler with Dakota Fanning at the CFDA Awards

Photographed by Jane Keltner de Valle