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Fashion News: New York hosts its Oscars, the Met Gala

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The biggest fashion extravaganza of the year is the annual Costume Institute Gala at the Metropolitan Museum of Art -- sometimes called New York’s Oscars because of the star-studded red carpet. This year’s installment took place Monday to celebrate the opening of the ‘Schiaparelli and Prada: Impossible Conversations’ exhibition. A bevy of stars turned out, along with top names in fashion. The clothes were wonderful, for the most part, as our photo gallery shows. Or sometimes funny -- Marc Jacobs wore a sheer dress. [Los Angeles Times] [New York Times] [UPDATED: a previous version of this post incorrectly said Tom Ford wore the sheer dress.]

Attending a press preview of the exhibition, Charlotte Cowles of New York magazine’s the Cut blog found the video ‘dialogue’ between the living Miuccia Prada and the long-dead Elsa Schiaparelli (portrayed by actress Judy Davis) ‘a bit surreal.’ [Cut]

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In honor of the exhibition’s opening, Racked reprinted Schiaparelli’s ’12 Commandments for Women,’ published in 1954. Among them: Women should ask for ‘competent criticism and advice,’ they should shop alone or with a man, never with another woman; and this observation: ‘Remember, 20 percent of women have inferiority complexes, 70 percent have illusions.’ [Racked]

The New York Post reports that last week’s day in court seems to be all it took for billionaire Francois-Henri Pinault -- who is married to Salma Hayek -- to reach a child support agreement with supermodel Linda Evangelista, whom he dated briefly pre-Hayek and who had been seeking financial help raising their 5-year-old son. Evangelista had said it cost $46,000 a month to care for the child. No word on what the ex-lovers settled on over the weekend. [New York Post]

Amazon is so intent on becoming the online fashion-purveyor-of-choice that it has hired three women to do nothing but try on size 8 shoes for its Web reviews, the New York Times says in a piece that takes a look at how the one-time seller of nothing but books is taking on the high-end clothing market. [New York Times]

Victoria’s Secret model Alessandra Ambrosio gave birth to a baby boy Monday. [Cut]

Giuliana Rancic is designing a collection for HSN. [Styleite]

And Nicole Richie is doing one of Macy’s Impulse capsule collections. [WWD] (subscription required)

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-- Susan Denley

lockwise from top left, designer Zac Posen with actress Amber Heard; performer and deejay Solange Knowles, left, with designer Rachel Roy; Vogue editor Anna Wintour with daughter Bee Shaffer; and actress Camille Belle. Credit: Larry Busacca / Getty Images

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