Diane Kruger, Eva Mendes and Lily Collins were just a few of the fashion beauties that came out on Friday to celebrate the CFDA/Vogue Fashion Fund Finalists. The afternoon consisted of tea and a fashion show held by Frederic Fekkai, with flashes of Dior, Prada and D&G dresses, the party couldn't have been prettier. The finalists were given a lot of support, with Eva Mendes admitting that she found the 'designers so inspiring', and Tracee Ellis Ross admitting that 'it's like we're looking at the future of fashion'. After studying the crowd, stylist Jeanne Yang admitted 'This is the best looking party I have ever been to', and we couldn't agree more. Anyone else simply love Diane Kruger's velvet playsuit? We're certainly lusting after it.

See more images after the jump

Valentino made his final red carpet appearance at the LA premiere of his documentary this week.

Over the past few months, the documentary has taken the designer from Venice to Toronto and Miami to Chicago. Everyone from the likes of Tom Ford and Rita Wilson have come to greet the legendary designer at the several premieres he has attended.

More pictures after the jump