We're especially thrilled to see the Olsen's The Row winning the Womenwear Designer of the Year award. If you have seen the latest collection of the Row, one would appreciate the craftsmanship that goes into the twins' creations.
(See the nominees's look-books here.)
Another hearty congrats goes to Joseph Altuzarra for winning the coveted Swarovski Award for Womenswear - after being snubbed last year in the same category, and Reed Krakoff for Accessory Designer of the Year. Yes you'll know why he deserves to win this if you've seen some of his famous Box Bags.
Watch the CFDA 2012 awards on Style.com (airing Tuesday June 5 at 12:00 EDT) here.