One of Michelle Obama's favorite designers, Jason Wu, has just announced a collaboration with luxe cashmere line Tse for a limited edition capsule collection launching next fall.

While press and buyers will get a glimpse of the line at Tse's Fall 2010 presentation during New York Fashion Week in February, shoppers will have to wait until July 2010 for the knit and woven pieces to hit stores.

Wu is slated to design approximately 15 women's looks which will be available at Tse boutiques, Tse's online shopping site and select retailers worldwide.

Of the collaboration, Wu says: "Working with Tse on a capsule felt like a natural choice because we share so many of the same ideals: modernity, refinement, sophistication. I offer this collection not merely as a counterpart to my own, but for the opportunity to contribute to Tse's compelling design heritage and its innovative approach to cashmere."

Mrs. O -- Tse is famous for its classic cardigans -- won't be the only one excited about the collaboration. We can't wait to see what the young and uber talented designer does with cashmere!

Speaking of first lady style, Michelle Obama has been rocking everything from Jason Wu's luxurious dresses to pieces from J.Crew and Talbots. Talk about high-low!