There's only one event where Barbie and Jennifer Lopez - two fashion icons for the ages - can be honoured side by side and that's the Council of Fashion Designers of America (CFDA) Fashion Awards, one of the industry's most prestigious and revered award ceremonies. 

Last night saw a bevy of the world's most stylish personalities, tastemakers and designers descend on New York for what is often called the "Oscars of the fashion world". Gigi Hadid, Heidi Klum, Tom Ford, Anna Wintour and the Olsen twins were just some of the famous faces strutting down the pink carpet. 

Click through our gallery above to see the looks.

J-Lo was honoured with the Fashion Icon Award for her "long-standing and global impact on fashion," the CFDA said, though if you ask us she's been long overdue such an accolade since her stunning appearance in that green Versace gown - a dress so iconic, it has its own Wikipedia page -  at the 42nd Grammy Awards ceremony on February 23, 2000. 

Radiant in a coordinating coral-red Ralph Lauren full skirt and shimmering turtleneck ensemble embellished with 43,000 crystals, the recording artist accepted her award from the illustrious designer Tom Ford. 

Speaking on the red carpet, artist said "I loved fashion since I was little girl, growing up in the Bronx and to here and among all these designers and to be honored is just a dream," adding: "I'm wearing Ralph Lauren, a fellow Bronx native."

In an emotional speech, Lopez thanked her family and the fashion icons who helped shape her iconic image, including hairstylists Kevyn Aucoin and  Oribe Canales. "Together we created so many iconic looks, and I'm forever grateful. And tonight, I'm dedicating this award to them", she said. 

The other star of the night was none other than Barbie, who was awarded the CFDA's Board of Directors' Tribute Award for her influence on fashion over the past 60 years.

The Mattel doll, which has been a subject of controversy regarding how it perpetuates outdated and narrow standards for beauty, was honoured for its multiple collaborations with designers over the years, including Givenchy, Moschino, Bob Mackie and Versace. 

The company's official Barbie Instagram account even posted a number of shots of the iconic blonde at the event, wearing a custom one-shoulder black gown with purple and pink embellishments by Diane von Furstenberg. 

As the Chair of the CFDA, von Furstenberg made a show-stopping entrance herself, carrying a fake torch to the stage in a symbolic gesture of passing the role onto Tom Ford, who now takes over as the Chair of the organisation. 

Also awarded during the night was designer Brandon Maxwell, beloved by Lady Gaga and the man behind many of her most noteworthy outfits, not least her headline-making Met Gala outfit, which deconstructed into four separate, equally astonishing looks. 

Maxwell walked away with the gong for womenswear designer of the year, one of the most coveted prizes of the night and particularly impressive for the Texan, who launched his line of elegantly tailored clothes in 2015.

 

The awards honour those who are innovators and change-makers in the industry, and designer Eileen Fisher was honored with the Positive Change Award, in honor of her commitment to sustainability. Fisher's eponymous brand is leading the charge for sustainable design, pledging to use only organic cotton and linen by 2020. 

Other winners included Mary-Kate and Ashley Olsen, who won their fifth CFDA Fashion Award in recent years for their brand, The Row. Emily Adams Bode took home the award for emerging designer of the year, while Sarah Burton of Alexander McQueen was honored with the Valentino Garavani and Giancarlo Giammetti International Award.

Unsurprisingly, the fashion on display was second to none, with the event offering a rare opportunity for stars to mingle with the designers behind their looks. 

Gigi Hadid walked the pink carpet with Louis Vuitton Creative Director Virgil Abloh, wearing a structured gray Louis Vuitton suit with a pleated skirt. Bella Hadid, meanwhile, walked with designer Michael Kors, stunning in a slinky sleeveless black gown with feather detailing.