ace awards maria sharapova iman rachel roy christina ricci

Maria Sharapova (left), Iman and Rachel Roy (center) and Christina Ricci (right) at the ACE awards. Photos: Jamie McCarthy, Getty Images for ACE Awards

Monday night in New York, fashion folks like Iman, Jenna Lyons, Patrick Robinson and Eric Daman stepped out in their best baubles, bags and shoes to celebrate the Accessories Council Excellence (ACE) Awards, which honored individuals who have made great strides in the accessories industry.

This year's eleven honorees were quite varied, starting with celebrities Kanye West (who nabbed the Stylemaker Award and gave this confusing and long-winded speech), Christina Ricci (the Style Evolution recipient) and Maria Sharapova, who was honored alongside Cole Haan for best Brand Collaboration while wearing a shiny silver Dior dress and her newest sparkly accessory -- her engagement ring!

Rachel Roy, decked out in a floor length striped skirt and an assortment of rings, was recognized for Brand Launch of the Year for her Rachel Rachel Roy collection, while Lanvin's Alber Elbaz, wearing an elegant olive-hued silk bow tie, was given Designer of the Year honors for his instantly recognizable couture-quality accessories.

Guests Olivia Palermo, Veronica Webb (not looking a day over 20), Donald and Melania Trump, Dennis Basso and Joe Zee watched the Retailer of the Year go to Henri Bendel, top E-Retailer honor to QVC, and Paper magazine's Kim Hastreiter, Lauren Bush, Tiffany & Co. and Marchon's Al Berg all walk away with little clutch-like trophies studded with Swarovski crystals.

Congratulations to all of the honorees!

In related news: see what ridiculous getup Lady Gaga rocked at the 2009 ACE Awards.

And check out this list of Kanye's deepest thoughts on fashion and style.