News Awards & Events Red Carpet PHOTOS: See the Hottest Looks from the 2016 CFDA Fashion Awards By Hana Asbrink Hana Asbrink Twitter Hana Asbrink is a New York-based journalist, food writer and editor, recipe developer, and podcast host. She is currently the Deputy Food Editor of Bon Appétit. InStyle's editorial guidelines Updated on June 6, 2016 @ 08:00PM Pin Share Tweet Email Trending Videos Photo: Dimitrios Kambouris/WireImage The 2016 Council of Fashion Designers of America's Fashion Awards are currently underway in New York's Hammerstein Ballroom and we're keeping an eagle eye on the red carpet's hottest looks. The CFDA Fashion Awards, unofficially known as the Oscars of fashion, celebrates the industry's most talented designers—and with this year's roster of attendees, we won't be disappointed. WATCH: Behind the Scenes: Beyonce Irina Shayk sizzled in a red hot halter jumpsuit by Misha Nonoo, while Karlie Kloss brought her A-game in a fresh Rosie Assoulin halter frock with a polka dot cutout apron detail. Meanwhile, veteran model Heidi Klum exuded glamour in a geometric black-and-white gown with a panel of polka dots on her midsection. Joel McHale is set to be the master of ceremonies, while Grammy Award winner Jennifer Hudson will deliver a special performance. Expect to see fashion heavyweights like nominees Marc Jacobs, Mary-Kate and Ashley Olsen, and honoree Donna Karan, among others, tear up the scene as guests enjoy bubbly from Perrier-Jouët during the evening's festivities. Click through for some of the most eye-catching looks of fashion's biggest night. 01 of 64 Beyoncé, Jay Z, and Blue Ivy Carter Neil Rasmus/BFA/REX/Shutterstock Beyoncé in Givenchy and Lorraine Schwartz jewels. 02 of 64 Rosie Huntington-Whiteley Kevin Mazur/WireImage Rosie Huntington-Whiteley in Michael Kors Collection. 03 of 64 Irina Shayk Dimitrios Kambouris/WireImage Irina Shayk in Misha Nonoo. 04 of 64 Karlie Kloss Jamie McCarthy/Getty Karlie Kloss in Rosie Assoulin. 05 of 64 Heidi Klum Jamie McCarthy/Getty 06 of 64 Julianne Hough Dimitrios Kambouris/WireImage Julianne Hough in Michael Kors Collection. 07 of 64 Ashley Olsen, Elizabeth Olsen and Mary-Kate Olsen Kevin Mazur/WireImage 08 of 64 Martha Hunt Jamie McCarthy/Getty Images 09 of 64 Kirsten Dunst Clint Spaulding/Getty Kirsten Dunst in Rodarte. 10 of 64 Jamie Chung Dimitrios Kambouris/WireImage Jamie Chung in Banana Republic. 11 of 64 Zosia Mamet Jamie McCarthy/Getty Zosia Mamet in a Gigi Burris headscarf, Azlee and John Hardy jewelry, and an Edie Parker clutch. 12 of 64 America Ferrera Kevin Mazur/WireImage America Ferrera in Irene Neuwirth Jewelry. 13 of 64 Nicole Miller Dimitrios Kambouris/WireImage 14 of 64 Lena Dunham Jamie McCarthy/Getty Lena Dunham in Irene Neuwirth Jewelry. 15 of 64 Betsey Johnson Kevin Mazur/WireImage 16 of 64 Diane von Furstenberg Clint Spaulding/Patrick McMullan/Getty 17 of 64 Lauren Conrad Clint Spaulding/Patrick McMullan/Getty Lauren Conrad in Kohl's. 18 of 64 Jamie McCarthy/Getty 19 of 64 Olivia Culpo Kevin Mazur/WireImage 20 of 64 Nadja Swarovski Dimitrios Kambouris/WireImage 21 of 64 Steven Kolb Dimitrios Kambouris/WireImage 22 of 64 Alek Wek Kevin Mazur/WireImage 23 of 64 Christina Ricci Clint Spaulding/Getty 24 of 64 Selma Blair Jamie McCarthy/Getty 25 of 64 Doutzen Kroes Kevin Mazur/WireImage 26 of 64 Alessandro Michele Jamie McCarthy/Getty 27 of 64 Norma Kamali Dimitrios Kambouris/WireImage 28 of 64 Jennifer Hudson Kevin Mazur/WireImage Jennifer Hudson in Kurt Geiger London Pumps. 29 of 64 Alessandra Ambrosio Jamie McCarthy/Getty Alessandra Ambrosio in Michael Kors Collection. 30 of 64 Stuart Weitzman and Ciara Nicholas Hunt/Getty 31 of 64 Joan Smalls Kevin Mazur/WireImage Joan Smalls carries an Eddie Borgo minaudière and jewelry by the same brand. 32 of 64 Alicia Silverstone Jamie McCarthy/Getty Images 33 of 64 Laverne Cox Clint Spaulding/Patrick McMullan/Getty Laverne Cox in Marc Bouwer. 34 of 64 Elsa Hosk Jamie McCarthy/Getty 35 of 64 Adriana Lima Nicholas Hunt/Getty Adriana Lima in Marc Jacobs. 36 of 64 Mara Hoffman Nicholas Hunt/Getty 37 of 64 Claire Danes Jamie McCarthy/Getty 38 of 64 Coco Rocha Jamie McCarthy/Getty 39 of 64 Jason Derulo Kevin Mazur/WireImage 40 of 64 Alexander Skarsgard Jamie McCarthy/Getty 41 of 64 Jessica Chastain Clint Spaulding/Getty 42 of 64 Jourdan Dunn Kevin Mazur/WireImage 43 of 64 Olivia Palermo Jamie McCarthy/Getty 44 of 64 Naomi Campbell Jamie McCarthy/Getty 45 of 64 Olivia Wilde Kevin Mazur/WireImage 46 of 64 Tilda Swinton Kevin Mazur/WireImage 47 of 64 Sarah Paulson Nicholas Hunt/Getty 48 of 64 Tory Burch Jamie McCarthy/Getty 49 of 64 Tracee Ellis Ross Dimitrios Kambouris/WireImage 50 of 64 Georgina Chapman Kevin Mazur/WireImage 51 of 64 Calvin Klein Clint Spaulding/Patrick McMullan/Getty 52 of 64 Brandon Maxwell and Naomi Campbell Kevin Mazur/WireImage 53 of 64 Rachel Zoe Nicholas Hunt/Getty 54 of 64 Taylor Hill Nicholas Hunt/Getty Taylor Hill in custom Thakoon. 55 of 64 Joel McHale Nicholas Hunt/Getty Images 56 of 64 Rachel Roy Jamie McCarthy/Getty 57 of 64 Riley Keough Nicholas Hunt/Getty 58 of 64 Ryan Seacrest Jamie McCarthy/Getty 59 of 64 Tommy Hilfiger and Dee Ocleppo Jamie McCarthy/Getty 60 of 64 Sara Sampaio Jamie McCarthy/Getty 61 of 64 Carly Cushnie and Michelle Ochs Dimitrios Kambouris/WireImage 62 of 64 Emily Ratajkowski and Jason Wu Clint Spaulding/Patrick McMullan/Getty EmRata and Jason Wu's couple style? The three S's—smoldering, sexy, and sharp that meet the dress codes of a black-tie affair. 63 of 64 Monique Lhuillier and Hilary Rhoda Nicholas Hunt/Getty Texture was the shared thread between Monique Lhuillier and her date, model Hilary Rhoda. While Monique went for an intricate beaded, floral-appliqued gown (of her own design, of course), Hilary wowed in a sheer gown (a Monique design, of course) painted with gold florals. 64 of 64 Ashley Graham Dimitrios Kambouris/WireImage Ashley Graham in Michael Kors Collection.