Three designers under 30 create success with their dress

At any major awards ceremony for film, television, theater or music, the clothes worn are nearly as important as the awards won. Who cares who won Best Actress, but did you see that hideous dress?

Well, if you know the fashion hoopla surrounding most award ceremonies, imagine the buzz after the Council of Fashion Designers of America Awards -- commonly referred to as the Oscars of fashion -- presented the evening of June 7 in New York.

While Michael Kors nabbed top honors as the Geoffrey Beene Lifetime Achievement Award Winner, Marc Jacobs earned Womenswear Designer of the Year. But what about the award for emerging talent award? This year's winners included Jason Wu for Womenswear, Alexander Wang for Accessories and Richard Chai for Menswear.