Last night many fashion folk gathered for the announcement of the 2011 CFDA Fashion Awards which was held at Diane von Furstenberg’s studio in New York City.

The Olsen Twins were nominated in the ‘New Talent Award’ categories alongside celebrity favourite Prabal Gurung and Joseph Altuzarra.

As you know I don’t get the Olsen twins and I’m not ashamed to admit that, but on this occasion I love what they are both wearing (very rare).

Ashley looked stunning wearing an off-pink The Row Pre-Fall 2011 suit with gold Manolo Blahnik pumps.

Mary-Kate who usually looks like a bag lady, opted for a black suit and black blouse.

She accessorized with a Prada ‘Rosa Pitone’ and Louis Vuitton Spring 2011 heels.

They look equally good so I can’t pick a favourite. Can you?

Credit: Style.com & PMc