Mary Kate and Ashley Olsen were spotted at the 2011 CFDA Awards.

Of the event, CFDA executive director Steven Kolb told press, “There is no other event that puts the spotlight on American fashion like The CFDA Fashion Awards. We look forward to once again honoring the best and brightest talent working today. Winning a CFDA Fashion Award is the highest and one of the most coveted honors one can receive in our industry. All of this is made possible by the long-time support of Swarovski, who we are pleased to be celebrating our tenth anniversary with this year. Their support and involvement with the Awards over the years has been invaluable.”